Directions CU Can Help Fill College Funding Gaps

Student Money Tips

Directions-CU-Can-Help-Fill-College-Funding-Gaps

College is a big investment, which is why it’s important to know your options, plan ahead, and choose wisely to pay for it. Most families do not have enough college savings to pay for four years of tuition, room, board, books, and other expenses, so financial aid will come into play. Directions can help you plan, and help you bridge the gap! We recommend you follow these three steps to fund your college education:

1. Secure Free Money First

First you should take advantage of scholarships and grants, which cost you nothing and do not have to be repaid if you meet certain conditions. These may come from your high school, community, college, or other organizations. Grants are usually awarded to students with financial need. Scholarships, however, can be based on need or academics, activities, and community involvement.

2. Explore Federal Student Loans

After scholarships and grants, you can turn to federal student loans. A loan is money that you borrow and must pay back with interest. However, federal loans may come with benefits not available from other types. They generally come with a fixed interest rate that is lower than other loans, and may have income-based repayment plans or public service forgiveness available. You will find federal student loans offered within your award letter from your college.

3. Fill the Gap with Private Student Loans

When scholarships, grants, and federal student loans aren’t enough, you may need to consider private student loans made by private organizations like Directions to fill the remaining gap. Our private student lending solution comes with competitive rates, an easy online application, personalized support, and a unique line of credit that allows you to secure funding for your entire undergraduate career with just one application!*

Learn more today about how we can help you fill the college funding gap!

* Subject to annual review and credit qualification. Must meet school’s Satisfactory Academic Progress (SAP) requirements.

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