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Paying for college is expensive and it's not getting any cheaper. On July 1st interest rates on federal student loans went up. Financial Professional, Skip Johnson, joins Fox9 to ease the burden of borrowing.
Here are 4 things borrowers should consider before taking out loans:
1. Minimize Debt: Click here for a student loan calculator
2. Know Your Terms: Click here for a link to the National Student Loan Data System
3. Don’t Default
4. Plan for the Future