Student education loans might have a lower interest rate than just individual money and sometimes the interest try deferred while you are children can be found in college or university. Remember that any money you use should be paid back. PPCC are a participant regarding the Government Direct Financing Program within the and this youngsters acquire Stafford Mortgage money straight from the new U.S. Department out of Studies in the place of away from a lender.
Want to find out more about a way to pay for school? Read the “Money Things” films to possess tips about cost management, preserving, and you will understanding the outcomes of getting into the loans.
Cohort Default Speed (CDR)
A beneficial Cohort Standard Rate (CDR) ‘s the portion of a great school’s individuals which get into cost into student loans while in the a federal fiscal seasons (Oct 1 in order to September 29) and you will default before the prevent of your 2nd a couple government fiscal decades (3-Year CDR).