(written by Val, College Outreach Specialist at the Center for College Planning)

Many people hear the term “underwater” (or owing more than something is worth) and associate that solely with a mortgage loan.  While the term is not usually applied to student loan debt, maybe it should be.  This article from Credit Loan talks about five things that you should consider before taking a private loan, and how a person can truly be underwater in finances beyond a mortgage.

Here at the Center for College Planning , we can help you navigate your options, show you what a monthly payment on the amount of money you plan to borrow will look like and give you the tools necessary for you to make the best decision for you and your family.  If you would like to schedule an individual, one-on-one appointment to talk about funding options, please call us at 888.7.GRADUATE ext. 119.  Remember, college is possible for everyone, and it is important to make decisions now that are not only going to make you happy in the short-term, but that you can financially afford for the long-term.

Determine a healthy loan debt for your situation today,
Val