Student Loan Information

Here's the student loan information you need to evaluate your options. Be sure you have investigated thoroughly all of your options to minimize your need for college loans. I have sorted this in order of the most attractive options first:

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  • Subsidized Federal Stafford Loans - These are federal loans administered by the college and based on your family need. While the interest rate is variable with a cap of 8.25% the most attractive feature is the government pays the interest while the student is in college. In fact repayment is deferred for 6 months after graduation.

    If you are confident in your job prospects after graduation this is really a form of deferred tuition at no interest cost to you.

    Note that your eligibility for this type of subsidized loan is based on your EFC and the financial award package you receive through your school.

  • Federal Perkins Loans. These are federal loans administered by the colleges. Current limits are up to $4,000 per year and $6,000 per year for graduate students. Typically a Perkins loan has a nine month grace period before the student begins a 10 year repayment plan. The interest rate is fixed at 5%.
  • Private education loans. There is a private market where you will typically pay a variable interest rate. Be very cautious and compare several lenders along with other important student loan information. For instance,these types of loans often do not have a maximum limit on how high the interest rate can go over the life of your loan.

    It is also important to note that they may require a co-signer. Since both co-signers credit history is checked be sure to approach a potential co-signer (parent or other close relative typically) that has a strong credit history. This will help lower your interest rate.

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    Current Federal Direct Student Loan Information

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What Clients Are Saying



“…without your involvement, we never would have thought to approach the college directly…. We got the documentation together to obtain residency, created letters to send and were granted residency which translated to $20,000 in savings.

THEN we went back and said, 'don’t take away her out-of-state scholarship just because she is now a resident' and got OSU to maintain the $7,000 scholarship".

"We would like to express our appreciation for the service that our daughter received.

She is our first child to go through the college application process, and it was very intimidating for our whole family. You were able to create a clear, understandable path for our daughter.

As a result of all of this hard work, our daughter was offered three presidential scholarships at various colleges, including a full tuition scholarship to a private college.

Thanks again, and we look forward to working with you on our son's upcoming college search."

"HWS presented an above average financial aid award, however, it included some work study. With your guidance, I went back and asked that the work study be converted to either grant or scholarship to relieve the financial burden while allowing my daughter to focus on academics.

They came back with the conversion AND continued to keep her eligible for an equal amount of money through work study."