Preparing for College. (Gulp!)


Preparing for College. (Gulp!)

It’s so hard to believe my daughter Kayla is a senior in high school. How can this be? It feels like yesterday when we put her on the bus for kindergarten! 

There’s no denying she’ll soon be heading off to college though. We visited a dozen prospective universities in the past year to help her decide where to apply. 

My husband Jeremy and I have so many questions and concerns as we think about Kayla going to college. Of course, there are the normal parental concerns: Will she be safe? Will she take care of herself? Will she connect with friends who will be a positive influence? Will she apply herself to her studies?

We also have questions about how best to pay for college. Yes, even though I’ve been in banking my whole life, we still have questions about the FASFA, financial aid and federal versus private student loans.

According to College Ave Student Loans, “Paying for college is one of the most stressful responsibilities for students and parents in the U.S. In the 2019-2020 school year, the average private school tuition was over $36,801, while public in-state was more than $10,116.” Holy moly! That’s just one year!

New Market Bank recently partnered with College Ave to offer private student loans to families. As I’ve gotten to know College Ave, I’ve come to appreciate the wealth of information it provides on college financing and student loan repayment and consolidation on its website. The blog, resource articles and calculators are helpful as we educate ourselves on paying for college. 

Our bank chose to partner with College Ave because it has streamlined the student loan process in ways we never could have as a bank. Its application process is very consumer friendly and fast. You can apply for a loan tailored to your individual needs in just three minutes, all online, with no obligation. Credit decisions are instantaneous. And the interest rates are competitive or even better than we could offer.

Jeremy and I have a lot of decisions to make before Kayla starts college. I am relieved to have a partner in College Ave to help answer our questions and, if needed, pay the tuition not covered by scholarships, financial aid and our 529 account. Knowing College Ave is available means there’s one less thing for us to worry about!

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.