Columbia, SC (WLTX) - August means back to school for some and borrowing money for others. 48% of college students will be borrowing money to complete enrollment for this semester. If you plan on getting a federal or private loan, here are questions that will help you put some money back in your pocket and not your student loan payment:
- What's the interest rate and is it fixed or variable?
- Are there other fees?
- When do you have to start paying the loan back?
- Are flexible repayment plans offered if you experience financial hardship?
- Is the loan discharged in the case of death or disability?
What other questions do you ask? Tweet us or @knowmoneyinc