Northwest Iowa — If you’re sending a kid to college this fall, now’s the time to be thinking ahead about how you’re going to pay for it.
Iowa Student Loan C-E-O Steve McCullough says it’s especially important for parents who might use the Federal PLUS Loan program, as the rates increased on July 1st.
McCullough says there are other options available.
He says the loans administered by his organization do have lower interest rates.
These are loans that are taken out by the parents with the idea that the college students will eventually pay them off. McCullough says it is important for parents to fully understand that they are on the hook for the loans if the students don’t pay.
He says parents and students should do as much research as they can right now to find out all the options available so they don’t have to scramble in the fall.
Iowa Student Loan is the non-profit entity in the state that administers students loans. McCullough says they have a variety of information on their website about student loans and borrowing. You can visit their website by CLICKING HERE.
