Citi Personal Wealth Management
Whether you are an aspiring college or grad school student, or the parent of one, understanding the ins and outs of student loans is critical as you consider how to fund the cost of higher education.
As their name implies, student loans are designed specifically for education funding. There are two broad categories of college loans: subsidized and unsubsidized. Please keep in mind that if you're offered an aid package by a college that includes loans, you need to consider whether repaying those loans will create an excessive financial strain for you or your family, depending on who will do the borrowing.
Families who can demonstrate financial need may be eligible for subsidized student loans, which typically offer a lower interest rate than other college loans. The FAFSA (Free Application for Federal Student Aid) form is used to assess need; and that application may also help you qualify for other types of financial aid, such as grants and on-campus student work.
Been awarded a subsidized loan? Consider accepting it first because it offers more benefits: Students don't have to make principal payments until they leave school, and the government pays the interest while students are in college, offsetting some of the cost.
If you need help paying for college and your family doesn't qualify for subsidized loans, here are some valuable alternatives.
Citi). Not all products and services are provided by all affiliates or are available at all locations. CPB personnel are not research analysts, and the information in this Communication is not intended to constitute
research,as that term is defined by applicable regulations. to footnote reference 1
Citi Personal Wealth Management is committed to helping you work toward your financial objectives and a more secure future. To learn more about strategies that may help you reach your goals, speak to a Citi Personal Wealth Management Financial Advisor.
To improve financial aid eligibility for your child, consider these four points.
Get a better understanding of how a 529 plan works and consider four steps to help make the most of them.
Get ideas on how much you should set aside for a financial emergency and sources of funds to tap into.
The information provided here is for informational purposes only. It is not an offer to buy or sell any of the securities, insurance products, investments, or other products named.
Please note that by clicking on this URL(s) or hyperlink(s) referenced in this material you will leave this site and enter another website created, operated and maintained by a different entity.
The information set forth was obtained from sources believed to be reliable, but we do not guarantee its accuracy or completeness.
Citigroup
and its affiliates do not provide tax or legal advice.Citi Personal Wealth Management is a business of Citigroup member .
Citigroup Life Agency (CLA
) offers insurance products. In California, does business as Citigroup Life Insurance Agency, (license number 0G56746). Citibank, CGMI, and are affiliated companies under the common control of Citigroup
© Citigroup
Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup or its affiliates, used and registered throughout the world. 6/21