How December’s Fed rate cut affects borrowing costs
Student loans are a great option for financing higher education. However, before you start taking out student loan debt it is important to exhaust other options. Grants and scholarships don’t require repayment and can provide a great alternative to borrowing money for school. In addition, you may be able to tap into savings you have set aside for college or even your parents’ 529 plans. If you have to borrow, federal student loans are generally the best option.