One way to pay for college: Say your daughter wants to go to University of Oregon. In-state off-campus cost of attendance for 13-14 is $24,352. Borrow the full $24,352 in a PLUS loan (Federal education loan for parents) with a current interest rate of less than 6%, and you can defer the payment of the principal until 6 month after your daughter graduates. From the PLUS loan, $9,763 goes to the University to pay for tuition/fees, leaving a $14,589 credit balance to pay for room, board, books, etc. This goes into your pocket, half at the beginning of the fall semester, and half at the beginning of the spring semester.
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Linda Plount
6/16/2015 08:45:42 am
Tara very interesting -- for us non-math people an info-graphic would make this amazing. Linda
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Tara Piantanida-KellyI'm a proud mom to my own college aged daughter. Archives
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