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Financial Planning: How To Choose a Student Loan: Key Factors To Consider When Choosing a Lender

Submitted By: Dr. Julie Olenak

Choosing a student loan can feel overwhelming, but the right approach can set you up for long-term financial success. College Ave guides students to start with federal loans, which offer flexible repayment options and loan forgiveness programs. From there, compare private loans carefully, looking at repayment options, fees, term length, and interest rates. It’s also important to evaluate your current budget and future financial goals before borrowing. By understanding your options and choosing a lender, like College Ave, that fits your needs, you can feel confident borrowing to support your education and future.

AACP has partnered with College Ave to provide pharmacy school students with a simple application and a personalized loan experience. Explore College Ave’s offerings that include:

– Building a repayment plan that fits your budget,
– An easy online application – instant credit decision,
– No origination or prepayment fees, and
– A monthly College Ave Student Loans scholarship.

Applying with a cosigner may help students qualify for the loan and possibly receive a lower interest rate. Additional information can be found on the AACP Financial Literacy page.

Additional information can be found at: https://www.collegeave.com/lp/product-choice/?utm_campaign=bank%20partner%20referral_casl&utm_source=aacp&utm_medium=partner&utm_content=aacp&brand=college%20ave&product=inschool&program=undergrad&p_aff=aacp&goal=acquisition

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