Get Cash Back and $0 Commissions
+ The Power of TradeStation
PRNewswire 28-May-2019 8:00 AM
WILMINGTON, Del., May 28, 2019 /PRNewswire/ -- Families are on the right track when it comes to paying for college: overall, students are more likely to rely on merit aid (scholarships and grants) than borrowing, according to a College Ave Student Loans survey of 1,019 college students conducted by Barnes & Noble College InsightsSM. Scholarships and grants (64%), parent income and savings (50%) and federal student loans (43%) are the top three sources families use to pay for college. Rounding out the top five are the student's savings and income (37%) and private student loans (12%).
"Our survey highlights the resourcefulness of families when it comes to paying for college," said Joe DePaulo, CEO and Co-Founder of College Ave Student Loans. "College is one of the biggest investments a family can make for a child's future, and this survey points to the fact that the majority of families really take advantage of scholarships and grants and work together to create a path forward for financial success."
Though college costs are shared between parent and student, the financial pressure still weighs on the student. Behind making good grades, the biggest worry shared by the majority of college students (68%) is the cost of college. To help lessen anxiety about paying for the upcoming school year, DePaulo offers these tips on how to build out a plan to pay:
For more information about ways to plan and pay for college, visit the resources at College Ave Student Loans: https://www.collegeavestudentloans.com.
About the Survey
The College Ave Student Loans survey was conducted by Barnes & Noble College Insights SM. The national survey had 1,019 undergraduate students respondents and was fielded in April 2019.
About College Ave Student Loans
College Ave Student Loans is simplifying the student loan experience so students can get on with what matters most: preparing for a bright future. As a fintech lending company with a sole focus on private student loans, we're using technology and our deep industry expertise to connect families who need to cover education costs with lenders who can provide that funding. By specializing in student loans, we are able to give our customers the attention they deserve and deliver loans that are simple, clear, and personalized for the individual: we help you find your perfect fit. We offer competitive rates, a wide range of repayment options, and a customer-friendly experience from application through repayment. Visit: www.collegeavestudentloans.com.
About Barnes & Noble College
Barnes & Noble College, a Barnes & Noble Education company (NYSE:BNED), is a leading operator of college bookstores in the United States. Barnes & Noble College currently operates 773 campus bookstores and the school-branded e-commerce sites for each store, serving more than 5 million college students and faculty nationwide. General information on Barnes & Noble College can be obtained by visiting the Company's website: www.bncollege.com.
View original content:http://www.prnewswire.com/news-releases/college-ave-student-loans-survey-finds-scholarships-and-grants-top-list-of-how-families-pay-for-college-300856336.html
SOURCE College Ave Student Loans