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Student Loan Hero - 6 Ways You Can Compare Financial Aid Offers

Matt Hylland was recently quoted for this article on Student Loan Hero about comparing financial aid offer letters. 

 

College expenses can be one of the largest expenses a family faces besides a purchase of a home. So a majority of families will be relying on some type of financial aid to help afford their, or their child's education.

But financial aid offers vary significantly, and understanding the difference between different types of aid can mean thousands of dollars in savings later.

“Your college aid letter will most likely be made up of a combination of grants, scholarships, work-study options, and loans,” said Matt Hylland, a financial planner at Hylland Capital Management. “Grants and scholarships are generally preferred as they don’t need to be paid back.”

Federal student loans, which are from the U.S. government, and institutional student loans, which are offered directly by a college, are more complex to figure out.

“There are numerous types of student loans available, and each may have different interest rates, repayment schedules, or flexible repayment options,” Hylland said.

The entire article can be found on Student Loan Hero's website, here: https://studentloanhero.com/featured/ways-compare-contrast-financial-aid-offers/

Matt Hylland