What Students And Parents Must Know About Student Loans

What Students And Parents Must Know About Student Loans

By John WIlliams, Fri Dec 9th

A student loan helps you get through college. Then you come out into a high-paying career. It's a great investment in your (or your sons/daughters) future.

Student loans generally give you a good deal. You get below-market interest rates, and you get a $2500 federal tax credit on interest paid over any period of time (previously first 60 months only) It doesn't matter if the student or parent takes out the loan; tax deduction remains the same.

* Did you know the federal government has a $50 billion student loan program?

Not surprisingly, the federal government provides the largest percentage of student loans. Other student loans may come direct from colleges, private lenders or state governments. One of the key advantages to a federal guaranteed loan is exactly that - it's guaranteed. That means you don't need collateral. It also means the terms are kinder than a typical lender might offer. Of course, your educational program has to be approved by the government.

Types of student loans

* Federal Stafford Loan - for undergraduate or graduate students

A popular and cost-effective source of a student loan. Stafford loans provide low-interest, government guaranteed funds.

Stafford Loans come in two types, subsidized or unsubsidized. Whether or not you're eligible for subsidized depends on household income. The school ought to advise on this.

For subsidized, the government covers the interest right up to start of repayment i.e. they pay interest incurred during the course, in deferment and during the grace period before repayment begins. If you qualify for subsidized, it's a great deal.

For unsubsidized, the student must pay all interest incurred at all times, though they don't start repaying until after grace period.

* Federal PLUS Loan - for parents of undergraduates
Parent Loan for Undergraduate Students (PLUS) allows parents to take a loan on their Childs behalf. They can contribute to their Childs future, and get a great low- interest loan with continuing future tax relief.

PLUS actually allows parents to borrow the total cost of their child's education, minus any grants or other financial aid awarded. All tuition fees, meals, books, transport etc. can be included in the loan.

This really is a great deal, and has no income or asset requirements. Even poor credit history may be overcome. Repayment is flexible, and can include zero payments for up to 4years.
Only one drawback to the Federal Stafford and Federal Plus loan- your school must be approved to participate in these programs. If your school isn't approved, then you've got some other options...

* Banks
Many banks offer unsubsidized Stafford loans. You still get the money, which you must have to attend college, but repayment options are more limited. Some deals offer you an interest rate reduction if you make payments on time.

* State Loans
Most states offer guaranteed student loans. Apply direct to Banks, who'll administer the State program. It's usually a more expensive way to borrow than Stafford.

* College Board Extra Credit Loan
Administered by your college. Can be expensive, and best use donly in an emergency e.g. your aid is withdrawn.

* Other Loan Sources
A number of other sources may be worth trying if you get a problem with your first choice lenders. Academic Management Services affiliates with approx. 2000 schools. AMS pay your tuition fees if you repay them in less than a year. College Resource Center also has loans available.

If your parent served in the military, then a military loan should be investigated.
College can be the experience of a lifetime. A child starts college as a high school kid, and emerges a full grown adult with high-earning potential…
But he or she needs money to survive and thrive in college. This article looked at the main sources of student funding, and those sources should be ideal for most students and their parents.

Student Loan - Lose Social Security Benefits

Below, you'll find extensive information on leading student loans – lose social security benefits articles and products to help you on your way to success.

Student Loans - Lose Social Security Benefits If You Don't Pay By Richard A. Chapo, Fri Dec 9th
A vast majority of people take out student loans to pay for higher education. The Supreme Court has decided to make social security benefits a means of repaying them.

No Benefits For You!
While millions borrow money to attend college and graduate school, not everyone pays this money back. The failure to pay can result from circumstances such as a slow job market, failure to finish school and health problems. Of course, there is the select few who simply Welch on the repayments. The U.S. Supreme Court rendered a decision on December 7, 2005, impacting people who are behind in paying their loans.

In Lockhart v. United States, the Supreme Court was asked to rule on whether the federal government could seize social security benefits to cover outstanding student loans. The case involved James Lockhart, a disable man, who sued to stop the government from cutting his monthly $874 check. Lock hart suffers from heart disease, diabetes and other health problems and lives in public housing in Seattle. He argued the forfeiture of part of his check made it impossible for him to continue to buy his medication and food. The Justices disagreed with Lockhart.

Under federal law, efforts to collect defaulted student loan shad a 10 year limit. Put another way, the federal government was barred from hunting down delinquent payers after ten years. In the past few years, however, Congress did away with this limitation, which brought forth a conflict of law. The Social Security Act contains language protecting benefits from being seized as part of debt actions. In this case, the Supreme Court ruled that such protections only apply to private individuals, not the federal government. In short, social security benefits are no longer safe.
Currently, the total balance on outstanding student loans is roughly $30 billion. Of this amount, roughly seven billion are delinquent or defaulted loans. With 25 percent of loans in the red, one can see why the government has an interest in collecting the debt.

Personally, I don't have any problem with this ruling. If you borrow money to go to school, you should pay it back. Failing to do so could deprive others of the same opportunity.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loans – lose social security benefits articles.

Student Loans and Graduate Loans

Below, you'll find extensive information on leading student loans and graduate loans articles and products to help you on your way to success.

Student And Graduate Loans By Joseph Kenny, Thu Dec 8th

Student and graduate loans are becoming more popular as student debt continues to rise and students seek alternative ways of dealing with it. The good news is that student or graduate loans are generally available without the need to show steady incomer offer security. This is extremely helpful, as most students will not have either of these. Student and graduate loans also come at relatively good interest rates, particularly having regard to the fact that they are completely unsecured. The thing to be wary of is that such loans may lock the student into along-term relationship with the lender that may not be the most advantageous one.

Student Debt
Students leaving college today average about £14,000 in debt. More than two thirds of all students must borrow and the vast majority of this debt takes comes from special loans provided by the Student Loan Company. Once the student begins working, the loans will be repaid, but the interest rates are capped at the highly attractive rate of 1% above base rate. This is very low compared to most sources of credit available.

The rules for repayment are simple. Beginning in the April after graduation, 9% of all earnings above £15,000 are automatically taken to repay the Student Loan Company. The loans are therefore every safe, as they are only due once you join the workforce and begin to earn a steady salary.

Graduate Loans
Graduate loans on the other hand, are far more expensive than student loans. These loans are generally offered on graduation, when student loans are no longer available, to cover the costs of transition from student life to working life. This may include finding a new place to live, buying work clothes etc. Graduate loans will also be used to pay off student over drafts, which are offered to all students as standard features of their bank accounts. The point to remember is that while graduate loans are relatively cheap when compared to personal loans, they are far more expensive than student loans.

Employment
If you have a job lined up, you may be able to borrow money from your new employer at a far better rate. This is one alternative to graduate loans. Another alternative is career development loans, which are available to those studying for certain professional qualifications such as medicine or law. Many high street lenders offer these.

It can be very easy to lose control of debt while studying. The credit is very easy to obtain and repayments so far into the future that they don't seem real. However, high student debt can seriously hamper attempts to buy a home once you enter the workforce, or save for a pension. The trends show that while student debt continues to increase, graduates are faring better, relying less on borrowing and more on salaries, to meet their needs.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loans and graduate loans article.

Student Loan - 2

Below, you'll find extensive information on leading student loan articles and products to help you on your way to success.

Student Loan - The Basic Facts By Joseph Kenny, Thu Dec 8th

There are a lot of different ways of funding your way through college. You might be one of those students lucky enough to have a full scholarship. You may also have rich or generous parents who are willing or able to pay the bills. However, many students are not so lucky. Most of the above funding sources will only pay part of the bill, not the total. And even if you can get all your tuition paid, you still have to come up with the money for rent, books, entertainment and other living expenses.

Employment

You may be able to get a job. This is a good idea for all students, but it is not always easy to do so. Some colleges are located far from towns with employment opportunities. Sometimes employers are reluctant to hire students as they usually cannot commit to full time work and will likely not be around during holidays. If you do manage to get a job, it wills probably not be the highest paying job in the world, and you shouldn't work more than part time. Remember that your main aim during your college years is to get the best grades you can, and working 40 hours a week just to pay your tuition would be self-defeating.

Loans

So that means that for many students, the only method of paying for college that will be available to them is to take a student loans. Going into debt is always a commitment, and it can be especially stressful before you have even started working and aren't certain how you will pay backing the loans. Student loans however, have a number of advantages over regular loans. First of all the rates and terms are more lenient. Student loans are likely to be at a much lower interest rate than most loans that will be available on the market for other purposes. They will also give you plenty of time to get on your feet and find a job after you finish your studies. This means they are not going to be due immediately after graduating.
Repayment periods on student loans are probably the fairest and most patient you'll ever get in your life. These rates and terms reflect the faith that lenders put in today's students. They know that ultimately, college is a good investment and most graduates will be able to pay back their debts if they are just given the time.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loan website.

Student Loan Advise

Below, you'll find extensive information on leading student loan advise articles and products to help you on your way to success.

Get You Student Loan Advise Right Now! By Amelie Mag

A student loan is a very good choice if you don’t have any income or any other option and you want to stay in college. But before rushing in and gettinga loan you should get some student loan advise. A simple piece of information can mean the difference between making a good decision or a bad one that you may regret a very long time. A student loan advise of great importance refers to the student loan interest rate. This can save you a lot of money and a lot of trouble after finishing college when you start paying back the loan.Student loan advise doesn’t mean that somebody will tell you exactly where to get the perfect student loan. There is no such thing as the perfect student loan for anyone because different people have different needs. Someone might be interested in taking a longer term loan, even if they pay off more, just because the monthly payment is smaller. Others might be interested in the student loan interest rate, in a short period loan. Because the interest rate is smaller they can save money. So, it depends on the person’s options.It isn’t very difficult to get some student loan advise. One of the easiest things you can do is go online and search for the keywords: “student loan advise”. A lot of sites will result in this search and you will be able to read the best student loan advise for you about: - the places you can get a student loan from,- the student loan interest rate, - any hidden tricks you might encounter when getting a loan, - the repayment method, etc. But the best student loan advise anyone can give you is to be careful and pay attention to any step you make. The Internet is one of the best places to look for student loan advise, because first of all you have multiple choices to compare and you can find information posted by people who don’t want to trick you in any way. If you go to the place you want to get the loan from, they won’t tell you all the insides because they are afraid you might not like what you hear and they might lose you as their client. Another advantage of searching the Internet is the speed. You will get information froma lot of sources in less time than by going to every organization that gives out student loans and asking about what you want to know.A very difficult to follow student loan advise is to take matters into your own hands. It is “difficult to follow” because students are young and inexperienced and are sometimes irresponsible or simply don’t pay attention. No one is as interested as you are in helping you financially through college. You shouldn’t let anything up to chance and hope it will work itself out in the end because it won’t. In loan cases nothing should be left up to chance. If you don’t make the best decision, someone else will choose for you and his decision might not be in your best interest. Before gettinga loan, you should have a plan that includes every aspect of the loan: period of time, desired interest rate, repayment method and involved sums. If you go unprepared, it’ probably won’t go as you would like it to. There area lot of possible standard plans made for many options. One of the plans is meant for those who can support a monthly payment. They can get a loan on a shorter period and with a small interest rate. Another plan is to get a long period loan, but, in this case, the interest rate will be higher. A good student loan advise is to get a student loan consolidation, but this is possible only if you have multiple student loans. The student loan interest rate can be either a headache or a relief because you can lose or save some money depending on it. Today, the student loan interest rate has dropped to such a low level that it amazes even the analysts. Economic experts (people that really know what they’re talking about) say that they haven’t seen interest rates like these in thirty years. The student loan interest rate is approximately three percent, which is abnormal. Therefore, you should take advantage of this chance because if you geta loan at the current interest rate, you will always have it, even if increases appear in the meantime. It is imperative to know how the interest rate is calculated and what economical traps to avoid. If you search for information you might find out facts you never thought of before. For example, a student loan interest rate can’t be higher that 8.5 percent. Even if you carefully calculate the interest rate and it’s higher than 8.5 percent it will be lowered according to the law. Knowledge about everything is the key to successfulfinancing. A student loan is always a good idea if you want to go through college without worries, but it is a great idea if you take into consideration the current student loan interest rate you might profit of right now. To be sure you make the best decision you should get some student loan advise. If information means power, why not be a powerful person and make the best decisions?

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loanadvise articles.

Who doesn't need a student consolidation loan?

Below, you'll find extensive information on leading student consolidation loan articles and products to help you on your way to success.

Who Doesn’t Need A Student Loan? By Amelie Mag If you are not familiar yet with the term “student loan” then you should know one thing: college isn’t free. It actually costs a lot so, in order to go to college, you need to pay a certain amount of money - more or less depending on the college you choose, on its level and reputation. The sum of money can rise up to fifty or sixty thousand dollars per year and this is not cheap, nor convenient for anyone. So, in order to pay the tuition tax, a lot of students find that a student loan is the best answer. The good thing with a student loan is that you don’t have to pay it off right away (after you get the sum). The payments start after you finish college.Usually, one student loan isn’t enough. A person must borrow more than once and this is where a student consolidation loan comes into play. This student consolidation loan is an economical trick that’s becoming more and more popular nowadays. It’s perfectly legal so you don’t need to worry about getting into any conflict with the law. A student consolidation loan sums up any other student loan that you made in the past into one big loan. The advantages are obvious: instead of paying a bunch of creditors on different days of the month, you only have one. You can make a payment each month and have the interest of the student consolidation loan smaller than any sum that results from adding a student loan with another one and another and so on. These qualities make the whole student consolidation loan phenomenon very popular amongst students who want a good education and can’t afford it. Another huge advantage of the student consolidation loan is that it can spread over a long period of time - up to thirty years - so it means that the monthly rates are smaller. However, in time, the overall paid interest can be a relatively big amount.One thing you should know is that any student loan is eligible for consolidation. Actually, most of them are. The best way to apply for a student consolidation loan is to fill in a direct loan consolidation application. The interest rates for consolidation loans vary continuously - either they’re growing or going down. The good thing with direct loan consolidation applications is that you get the interest rate established when you get your application. To find out if your application has been approved or denied a certain amount of time has to pass, usually about month. For example, let’s say that you have placed a direct loan consolidation application today and you have a certain convenient interest rate. Your application is approved one month later and you get the consolidation loan with the interest rate you established the day you placed the application. It doesn’t matter if the interest rates have grown or not during that month. This is one of the pluses of direct loan consolidation applications. Another good thing is that any direct loan consolidation application goes through the Department of Education. This means you might get a special offer because they support education in any form.Student years are said to be the best ones. A lot of people go to college only for the campus life, the food and the entertainment. Whatever your reason may be, education or the student life, your dream can come true with the help of a student loan or more. They say “dreams are made to be broken”. Why should that be true? You can accomplish your dream with extraordinary ease through a student loan. This kind of loan is easier to get than any other type of loan because the Department of Education knows the money goes exactly where it should and not in any other place. So, if you have this dream, all you need to do is place an application and ask for a student loan in one place and another one at another bank and you become closer to fulfilling it. Students usually have about three active loans when they finish college and they don’t worry about paying them off. When placing a direct loan consolidation application and asking for a student consolidation loan, they look for a payment plan that suits them best. All of the problems are taken care of and they even save some extra bucks. A student loan is a good thing, but you have to be very careful about a lot of details. Responsibility is needed so you don’t end up worst than you started: engulfed in debts and unable to do what you like because of the loans you made. However, student consolidation loan is meant to make life easier for those who want an education and are otherwise forced to sacrifice a lot to get through college. So, why waste a student opportunity?Resource box: Going through college with the help of a student loan and a student consolidation loan is necessary financial move for those who can not afford to educate themselves. Visit this site fro more information.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student consolidation loan articles .

Student Loan Consolidation - 3

Below, you'll find extensive information on leading student loan consolidation articles and products to help you on your way to success.

Student Loan Consolidation Is The Key To A Good Education By Amelie Mag

Loan consolidation is one of the intelligent economic moves any person with multiple loans can do. Loan consolidation is very common amongst students, graduates and that’s why student loan consolidation is such a popular subject nowadays.What is loan consolidation? This basically means that a lot of loans are gathered up into one making paying of all the debts easier. Loan consolidation has a lot of advantages and virtually no disadvantages. First of all, the good thing is that you don’t have to write an “insane” amount of checks every month for different creditors. Secondly, there is the advantage of the cumulated interest rate. It is usually lower that all the interest rates put together which means that you will save money.Having explained the term “loan consolidation” another question remains unanswered: what is student loan consolidation? As you might know very few people afford to pay off their collage. The students go out and get a loan so they can stay in school. This is a special kind of loan because you don’t start paying it right after you get it. The payment starts after the person that has made the loan finishes college. Usually getting through college is not very cheap so students make more than one loan. When they have to start paying several expenses, they look at a student loan consolidation program as their best option. A student loan consolidation program means that the student gets to pay off more loans with the help of only one loan. By the end, he will find himself with only one payment per month and with more money in his pockets. A student consolidation loan is a good idea because it’s easier to handle less paper work and save some money from the lower interest at the same time.Student loan consolidation is not always a good idea. There are a few arguments to sustain the fact that the student consolidation loan is a good idea. After graduation, a student has a six month period when he can get a student consolidation loan or he can get it after he has started paying off the loans he already has. So, there is a six-month period after finishing college when he can look for a job. He usually doesn’t start paying for the loans he has made right away. The best time to start a student loan consolidation program is the fifth month of that six-month period (just before the time runs out). This is a very good move because the necessary paper work takes around a month to be ready. By the end of that period you will have only one payment to worry about. The worst time to get a student consolidation loan is after you’ve already started paying back the loans and you’re almost done. This isn’t a bright move because the student consolidation loan or the student loan consolidation program will spread over a long period of time. So there’s no point in getting a five-year loan when you have only one more year to finish paying all the other debts you have.Another type of loan used for higher education is the PLUS loan. This kind of loans can be made by parents for their children. The Ministry of Education usually gives these loans, but banks can give them also. From a parent’s point of view, only one PLUS loan could be insufficient depending on the college you plan to send your children to. So a parent can and should get more the one PLUS loan. Similar to the student loan consolidation case, there are a lot of PLUS loan consolidation programs. PLUS loan consolidation and student consolidation loans are almost the same: the benefits of a PLUS loan consolidation program are the same as the ones from a student loan consolidation program - only one creditor to pay off and low interest rates. If you are thinking of making a PLUS loan through a PLUS loan consolidation program and starting it with your life partner (so both of you can pay), it is not such a bright idea. In case the couple gets separated, there will be a lot of difficulties. It is better to have only one person involved in the PLUS loan consolidation. If both parents make a PLUS loan and one of them starts a PLUS loan consolidation program, he or she can include the loan made by the husband/spouse in his/her program.Education is very important if you want to succeed in life. Nowadays, without a proper education, it’s very difficult to get a good job. One thing leads to another: no place to work means no money and no decent standard of life. Either you’re a student or a parent you should realize these things and try to give yourself or your children the best chances of accomplishment. Everything evolves around money so, if you are a student and need money to go to a good college, you should make a loan to pay of the tuition taxes. After that, you can pay off all the loans you made through a student loan consolidation program.If you are a parent and consider yourself wise, you should take care of your children’s education. A PLUS loan or more of this kind should do the trick. You needn’t worry about paying them off because through the PLUS loan consolidation programs everything is made as simple as possible. Even the child can get a student consolidation loan to pay off the PLUS loan made by the parents. Anyway, if you’re looking for this type of loan you are probably aware of its benefits. Student consolidation loans will make your life easier and help you in getting exactly you want.Resource box: If you are either a student interested in making your life easier or a parent trying to do the best for his child, student loan consolidation or plus loan consolidation are your best options.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loanconsolidation articles.

UK Student Loan

Below, you'll find extensive information on leading UK student loan articles and products to help you on your way to success.

Uk Student Loans Explained

Student Loans seem to be the only feasible way out to pursue higher studies for the average student in UK. Things become all the more difficult for those without university funding. The government, in its efforts to make further education affordable, had undertaken quite a few steps to buffer educational finance. A significant step towards this end was the formalizing of the Student Loans scheme. The Student Loans scheme was meant to help students with their costs of living during their period of study. With the credit market in UK specializing and booming with respect to the various economic spheres, student loans from private players are gradually becoming easier to get.

Numerous lending agencies are eager to offer you a student loan after taking care of every odd problem a borrower may have. The student loan or support schemes available in UK for various types of education & training within Britain are numerous. The specifications for student loans differ on the basis of the type of the course for which funding is needed, that is, full, part-time, or distance courses at UK universities and also the nationality, region, merit, and financial capacity of the student. The student loan specifications and categorizations also change according to the study level students planning to go to Further Education, currently in Further Education, left Further Education, Gap Year, students with children, disabled students, postgraduate students, mature students, teachers, NHS funded students, students in Scotland, students in N. Ireland & EU students. You can get a student loan even if you are aged between 50 to 54 years.

However, in this case you will have to confirm that you plan to work after the completion of your course. Usually the student loans are designed to take care of the cost of living, which includes costs made on accommodation, food, clothes, and travel. Just 25% of the loan is evaluated on the basis of your income. For detailed information about the amount of the student loan and the legal procedure, get in touch with the local student loan award authority. This authority will manage the initial part of your student loan application.

You will be tested with respect to your means and eligibility to justify your qualification for the student loan. You can also submit your application online with a reliable lending firm. Against the loan, you are to pay a monthly interest that is based on the rate of inflation calculated daily from the start date of your student loan. You start repaying after finishing the course and after you reach the income level of over £10,000 a year. However easy the procedure of getting a loan is, remember that you have to repay them. It is better to plan for the repayments while you are applying for the student loans. This increases your credit rating as well as relieves you of severe financial tension in future.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our UK student loan articles.

Low Student Loan Interest Rates

Below, you'll find extensive information on leading low student loan interest rates articles and products to help you on your way to success.

Historic Lows For Student Loan Interest Rates

Rocky Hill, CT (Content Desk) May 26, 2004 -– Federal student loan interest rates will once again fall to historic lows for the fourth consecutive year. The United States 91-day Treasury bill (T-bill), auctioned earlier this week, established the 2004-2005 student loan interest rates, saving money for student and parent borrowers throughout the nation. According to the Connecticut Student Loan Foundation (CSLF), the lower interest rates are good news for student loan borrowers. The new interest rates, effective July 1, 2004 - June 30, 2005, are: Stafford Loans in repayment will drop from 3.42% to 3.37%; Stafford Loans in an in-school or grace period will drop from 2.82% to 2.77%; and PLUS Loans will drop from 4.22% to 4.17%. The lower rates are also good news for borrowers interested in loan consolidation.

The interest rate for a Consolidation Loan is calculated by taking the weighted average of a borrower's underlying loan(s) and rounding up to the nearest 1/8th of a percent. By consolidating after July 1, 2004, when interest rates fall, applicants can take advantage of the new rate(s) and lock in a lower, fixed rate for the life of their loan. Borrowers can further reduce their already historic low interest rates through CSLF's First Rate Loan programs. By choosing CSLF as their lender, Stafford and PLUS Loan borrowers receive an immediate 0.5% interest rate reduction upon entering repayment. PLUS Loan borrowers may receive an additional 0.5% interest rate reduction by having their payments automatically deducted from a checking or savings account; and Consolidation Loan borrowers may receive up to a 1.25% interest rate reduction. For more information about student loans and the interest rate reductions available through CSLF's First Rate Student Loan programs, visit http://www.cslf.com/ or call us toll-free at 1(800) 237-9721, Extension 442.ABOUT CSLF – The Connecticut Student Loan Foundation (CSLF) is a national, non-profit agency that administers, guarantees, finances, and services loans within the Federal Family Education Loan (FFEL) and other alternative loan programs. CSLF has over 35 years of experience providing assistance to students and parents seeking to finance a higher education.

As a guarantor, CSLF assures that low-interest Federal Stafford Loans and Federal PLUS Loans remain available to eligible students and parents. CSLF also is a lender and provides financing directly to educational institutions on behalf of students and parents.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our low student loan interest rates articles.

Federal Student Loans VS Private Student Loans

Below, you'll find extensive information on leading federal student loans VS private student loans articles and products to help you on your way to success.

Federal Student Loans Versus Private Student Loans – Which Is Best For Me?

You have gotten all the grants and scholarships you can, but you still need money for your education. It's time to look at loans. But which is better – federal loans or private loans? Federal loans If you need to take out a loan to help pay for your education, you should always look at federal loans first. The largest sources of education loans around, federal loans are long-term loans with low interest rates designed for students who need money for their educations. They have several benefits when compared to other borrowing options, including -Lower interest rates-Options to postpone payments-Longer repayment terms-Easier credit requirements Eligibility for some of these loans, such as the Federal Perkins Loan and the Subsidized Federal Stafford Loan, are needs-based, while others are not.

You will need to complete a FAFSA to apply for these loans. The most common federal student loans are listed below: The Federal Perkins Loan is a low-interest loan available to students who have exceptional financial need, based on the information provided on their FAFSA. Undergraduates can borrow up to $4,000 per year, while graduate students can borrow up to $6,000 per year. The Federal Stafford Loan is available to undergraduates and graduate students. Loan amounts depend on a student's year in school and whether they are financially dependent or independent. Your college's financial aid office determines your eligibility.

Stafford loans can be subsidized or unsubsidized. Financial need determines which type a student is eligible for. Subsidized loans are based on financial need. The government pays the interest while the student is in school, in deferment, and in their grace period. Unsubsidized loans are available to all students, regardless of income. The student is responsible for all interest. The Federal PLUS Loan (Parent Loan for Undergraduate Students) is a low-interest education loan for parents.

Each year, parents can borrow up to the cost of attendance, minus other financial aid received (scholarships, grants, student loans, etc.). The PLUS loan is not based on financial need. Qualified applicants must pass a credit check. Private loans are designed to supplement federal loan programs and are available from schools, banks, and education loan organizations. They are usually used to cover education costs that cannot be met by federal aid. Terms for these loans vary according to the lender and your credit history. Keep these things in mind as you consider taking out a private loan: -Private loans have credit requirements, and you may need a co-signer -The lender determines the interest rates and fees, which may be affected by your credit score -Private loans may not offer deferment options -Private loan programs may offer borrower benefits, such as interest rate discounts or rebates No matter what type of loan you take out, be conservative and borrow wisely! All loans have to be repaid, whether federal or private. This article is distributed by Next Student.

At Next Student, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about Federal Student Loans or Private Student Loans at http://www.nextstudent.com/ . My goal is to help every student succeed - education is one of the most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our federal student loans VS private student loans articles.

All About Student Loans

Below, you'll find extensive information on leading all about student loans articles and products to help you on your way to success.

A student loan is an unsecured loan made by lenders that receive government underwriting assistance. Without this government assistance, student loans would not be very practical. Lenders would find other more profitable arenas in which to loan their money. Nobody would be able to get a low interest student loan – without the help of a parent with a substantial financial history and reasonable means. Like any government sponsored program, there are rules and regulations and red tape to deal with.

In the case of student loan red tape, it all begins with a financial aid form called the FAFSA (Free Application for Federal Student Aid). This form establishes the student's eligibility (or ineligibility) for all manner of student loan assistance, including low interest loans. This form can be filled out and submitted as a regular paper form, or it can be filled out and tracked online (much easier). The guidance office at your High School is likely to have a pile of these forms. Libraries and College Admissions offices are other places to look for the paper version of the form.

If all else fails and you really want the paper version of the FAFSA, you can get one by calling 1-800-4-FED-AID.Most people find it more convenient to simply log on to www.fafsa.ed.gov and submit the form electronically. By doing it this way you also automatically get a way to look in on the status of your application. Supposedly, doing the form online can make the process from one to two weeks faster than submitting the paper form. Either way, you will find that the form is relatively easy to fill out, and typically will require much of the same information that would be included in the parent's tax returns. Student loans are also available to those who turn out to be ineligible for the regular unsecured low interest student loans. These other loans are normally called Parent Plus loans or private alternative loans, or just "alternative loans".

These are basically loans made with a co-signature from the parents. In effect it's no different from a young person buying a car with a parent's co-signature. Both the student and the parents are on the hook for repayment of the loan. Because of the government regulation involved with the unsecured student loans, this is one of the few types of loans that do not require a whole lot of shopping around. There is not a lot of variability in the interest rates and other features of the government sponsored loans. The same is not true for the Parent Plus loans or private alternative loans.

With those you do need to shop around. So the first step is really to fill out a FAFSA form well in advance of the time tuition is due and use that to start your quest for college money. This will help you to determine what kind of student loans you are eligible for and assist you greatly in your loan shopping.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our all about student loans articles.

Student Loan Consolidation - 2

Below, you'll find extensive information on leading student loan consolidation articles and products to help you on your way to success.

Student Loan Consolidation

Student loan consolidation is one of the most used methods for reducing and working off student debt. If you want to consolidate debt, whether it's a student loan debt or not, you have to follow a certain process. However, this process is easy to follow and will absolutely not require big efforts from your side.Here is what you have to know about the consolidation process: You combine all of your various student loans into one large loan. Instead of paying toward all your loans each month, you make one payment towards this one loan. So, what will I gain with this, you may ask.

If you compare the numbers before and after you have consolidated your student debt, you'll understand that it's a very good deal.To start out the working career with an overwhelming amount of debt is a daunting prospect to put it mildly. But the fact is that many college graduates unfortunately are facing this situation. Fortunately consolidating your student loans is a great way to meet the challenge of getting rid of the burden of debt from school or college.The main benefit of consolidation is that you'll normally pay a lower interest rate then compared to what your various loans are already set at. This works the same way as refinancing a home in order to have a lower mortgage payment. And be aware of the fact that the current interest rate is the lowest it has been in almost 40 years.

When you do a consolidation you'll pay one interest rate, not several different rates. And at the time you took these loans, the rates were probably higher.And this means money saved: A lower interest rate on a relatively big loan can save you thousands of dollars in the long run. And in addition to this, some lending companies offer rate reductions for students consolidating their loans while they are in their grace period. A warning though: Stay away from companies that require you to start your payment immediately after the grace period. There are financing companies out there that don't require this.

Go to them!!! And as if this wasn't enough, some companies even offer additional rate reductions. I have heard about companies that reduce your rate by one percent if you make all of your payments on time for two years. And this comes in addition to the discounts described above. One percent may seem small, but if you see it in a perspective of, let's say 20 years, which is a normal payback schedule, it can mean lots of dollars saved.Another benefit with student debt consolidation is saving time and effort. It's much easier to handle one payment monthly than several separate payments.A convenient way to do the monthly payments is to let the loan company deduct it directly from your bank account.

Some companies allow that. And if it is a really good student loan consolidation, it will even give you a little interest rate reduction by handling your loan payments this way. So, if you find that loan consolidation is (in) for you, your challenge is to decide which loan consolidation company to approach and finally select. What I would recommend is that you make a list of all the questions you might have, call a few companies and speak with their representatives. Or you can go online to find a good student loan consolidation company.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loan consolidation articles.

Student Loan

Below, you'll find extensive information on leading student loan articles and products to help you on your way to success.

What Is A Student Loan? Not everyone is aware of what is a student loan? Student loans, as the name implies, are available to students who require help with living costs while studying. Student loans are part of the government's financial support package for degree only students embarking on a course of higher education. For most students, a student loan is their largest single source of income. So unless you have very generous parents, you will need to apply. Regardless of where you are studying, if you are from England and Wales you will apply to your Local Education Authority using an HE1 form.

They will then calculate how much you're entitled to receiving – as well as working out whether you need to pay tuition fees. They will then send you back a form that you need to forward to the Student Loans Company (the government organisation that administers your student loan) who will process your application. This usually takes a month, so make sure you get the paperwork done well in advance of the start of term. Although it is only a loan, you'll never be able to borrow money more cheaply, so it's the most cost-effective way of borrowing money while you're studying to pay for all those bills.

The interest charged is only equal to the rate of inflation. Unlike support towards tuition fees, you have to repay any loans. The student loan is repaid after you graduate (or after you leave the course, should you leave before completing). Repayments are calculated on a sliding scale and are repaid monthly directly to the student loan Company. Should your salary fall below £10,000 payments are suspended until you earn above this figure again whereupon you will recommence payments. Interest on the student loan is calculated at a preferential rate which is far lower than any commercial bank loan rates.

Loans have the unfortunate tendency to mount up your debt. If you take the full £4,000 a year for three years that means you'll be £12,000 in debt by the end of your course – and if you're on a longer degree programme, that total could be even higher. You may freely reprint this article provided the author's biography remains intact:.

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk/ website.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our federal student loan articles.

No-Cost Student Loan Consolidation

Below, you'll find extensive information on leading no-cost student loan articles and products to help you on your way to success.

No-cost Student Loan Consolidation A no-cost student loan consolidation – doesn't that just sound too good to be true? Think about it. You have just accrued thousands of dollars in debt through student loans after 4 years of college, or possibly even more. Then, a company offers to take all of your loans off of your hands, put them into one central loan, and do it all for free! Well, while it might not be too good to be true, it all depends around your particular situation, which could make this a "free" process, or could still work out to the benefit of the consolidation company that you are working with throughout the process.

How A Student Loan Consolidation Works

Here is how the student loan consolidation works. You have used up thousands of dollars in student loans to pay your way through college, obtain housing throughout college, and pay for other odds-and-ends while attending college. A student loan consolidation then takes all these different loans, pays for each of them, at which time you then pay the student loan consolidation company for the total amount of loans taken out during college.

Example of Student Loan Consolidation

If you were to have outstanding loans of $5000 to one company, $6000 to another, and $9000 to a third, the student loan consolidation allows you to owe $20000 to one company, rather than to three. This can save you money in the long run, as these companies also may be able to offer you a competitive interest rate, which means you will be paying less overall for your student loans in a shorter amount of time and to only one company.

Potential Student Loan Consolidation Problems

Problems can occur with student loan consolidations if you catch a deal that does not work out favorably to your situation. For instance, if you choose a no-cost student loan consolidation that does not offer you a low interest rate, you could actually end up paying them more than you originally would have! It is important that you choose a company not for their "no-cost" approach, but for their willingness to get your student loans paid off with a consolidation that promotes a quick pay-off with minimal interest rates.

This article is distributed by NextStudent.

At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about how to get No-Cost student loan consolidation at www.NextStudent.com.. My goal is to help every student succeed - education is one of the most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loan.

Student Loan Consolidation

Below, you'll find extensive information on leading student loan consolidation corporation articles and products to help you on your way to success.

Student Loans - Save Money, Pay Less, Spend More By Rick Braddy, Sat Dec 10th

Save Money, Pay Less, Spend More on What You Want? Sounds toogood to be true, doesn't it? Well, if you'll spend a few minuteslearning about student loan consolidation, you'll soon be armedwith enough information to make some really good decisions andhelp you achieve all of the above, and more. Student loans are available to students (and parents) in need ofhelp with living costs while studying and working on a degreeprogram. For many students, student loans are their largestsource of cash and income (in some cases, their only source).What often happens, is students acquire multiple student loans,then begin to have cash flow problems, which leads to charges onone or more credit cards. These credit cards are typicallyissued with very high interest rates, often 20% or higher. Thisis a severely problematic financial trap, and a very tough wayto get started in life for a young person who is still in schoolor just about to graduate.

So, how does student loan consolidation work anyway? Well,unfortunately, too many students leave college with debt thatweighs them down heavily, burdening their lives with debt thatwill haunt them for many years to come. More often than not,students accumulate multiple loans from various lenders. Thisleads to multiple payments each month, and often several loanswith unfavorably high interest rates.

Loan consolidation allows students to combine multipleloans intoa single instrument, one loan from a single lender. In effect,this is like refinancing a mortgage or credit card or other debtconsolidation - multiple debts reduced to one. The balances ofthe multiple loans are paid off by the loan consolidationlender, and voila' - a single loan payment at a more favorableinterest rate. Translation: lower monthly payments, lessoverhead costs for the borrowed money, and more immediate cashflow to spend on more important items today.

A student should seriously evaluate consolidating loans if theconsolidated loan would result in a lower interest rate that thecurrent student loans, especially if the student is strugglingto make multiple student loan repayments. Often times, the merged loan includes a more flexible set ofrepayment options, plus no charges, fees or prepay penalty. Insome cases, there may even be no pesky credit checks, loancollaterals or cosigners involved.

Student loan consolidation can reduce payments up to 60 percent(actual amount saved will depend upon the existing loan interestrates). The other factor is the term of the loans. Typical loansare for a 10 year term. When consolidating student loans, itspossible to refinance for up to 30 years (like a home mortgage).It's important that there be no prepayment penalties, since thestudent will likely want to pay these loans off much sooner,once their earning power is improved after graduating andprogressing in a career that pays reasonably well. Of course,the longer the loan period, the higher the interest rate, andlower the initial payments, which frees up precious cash flowwhen it's needed most - while the student is in school.

So, if a student has multiple loans, typically in excess of$7,500 total, there are many benefits of looking seriously at astudent consolidation loan. It's a great way to free up cashflow, pay less each month, and save money while in school.

About the author:Rick Braddy is an avid writer, Texas Holdem poker player,professional software developer and marketer. His loanconsolidation website provides students and parents with awealth of free information on student loan consolidation that helps young people throughschool.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our student loan consolidation article.

Direct Student Loan

Below, you'll find extensive information on leading direct student loan articles and products to help you on your way to success.

How To Choose The Right Online University By Mansi gupta, Sat Dec 10th

Formal education is getting very important in today'scompetitive world. Proper education and reputed college degreecan help one grab better job opportunities and demand highersalary from employers. But owing to certain circumstances or dueto lack of funds one is usually restrained from getting acollege degree. Online universities present a lucrative optionfor people with time constraints. Amount of benefits achievedfrom completing online courses greatly depend on the reputationof the online university. An erroneous choice of online traininginstitute results in your wasting precious time and invaluablemoney. Hence it is very important to choose a competentuniversity that provides maximum knowledge with minimum cost andtime involvement. Factors governing the choice for onlineinstitution of higher education are-

Accreditation of institute

Genuine accreditation of institute is a prime factor whiledetermining its creditability. Being accredited from regionalauthorities renders universities a higher reputation. Studentsgraduating from these places stand a better chance to obtainhigher salaries and better jobs. Also eligibility towardsstudent loan gets higher if concerned authority accredits theenrolled institution. Inter course student loan transfers arepossible for transfers within similar regional universities.

Research the quality and relevance of course offered

Learning anything that is irrelevant in today's scenario wouldresult in useless accumulation of knowledge that does not turnto be fruitful. An enquiry about the university's capability ofadaptation towards changing technologies is important. Analyzingthe syllabus offered by proposed university by comparing it withother online institutes presenting similar coaching would helpdetermine whether the curriculum is exhaustive or not. Anexamination about the course being suitable to one'scapabilities and interests is again very important.

Cost involved

Online universities offer personalized education program foradult learners. Hence at times they might occur to be morecostly. A considerably low fee charged by online university is amatter of concern as that may be due to low quality educationimparted by them. Untalented faculty members are available atlow costs and that may be a reason behind reduced fee structure.Sometimes even if the cost of education is higher it is worththe effort as availing student loans is easy. Expected increasein money earned after completion of the course would help repaythe loan amount.

Admission requirements

Formalities and academic qualification that are essential toenroll for a particular course are indicative of theuniversities standard of education. Imparting admission only onthe basis of money payment capacity should lower the credibilityof the university. As certain minimum academic qualificationmust be mandatory prior to enroll for graduate courses. Nothaving any such restrictions results in accumulation of unworthystudents who would latter be one's fellow mates.

Investigate the faculty and alumni

Enquiry about the faculties, educational qualifications areindicative of the online universities competence to imparttraining. Also the university must have technologicalinfrastructure to carry out the distance-learning program.Usually Students are required to log in for minimum number oftimes during the week. Although timings for logging can beadjusted in accordance with one's comfort.

About the author:Mansi gupta writes about onlineuniversity.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time.
And again, thank you to those contributing daily to our direct student loan article.

Affordable Student Loan

Below, you'll find extensive information on leading affordable student loans articles and products to help you on your way to success.

Ten Best Student Loan Options By The Student Loan Group, Sat Dec 10th
There are several different options available for studentsregarding student loans; however, the following are the 10 Best Student Loan Options:

1.Subsidized Stafford Loan

2.Unsubsidized StaffordLoan

3.Federal Perkins Loan

4.Federal PLUS loan forparents

5.Direct PLUS loans

6.Federal consolidationloan

7.Federal Nursing Loan

8.Federal Insured StudentLoan

9.Health Professions Student Loans

10.Privatestudent loans

Let's take a closer look at more information regarding the 10 best student loan options:

1) The Subsidized Stafford Loan is available for both graduateand undergraduate study. While the student is in school, theinterest on the loan is paid by the federal government. Thisloan is need based, so not all applicants may qualify.

2) The Unsubsidized Stafford Loan is also available forgraduate and undergraduate study. Unlike the Subsidized StaffordLoan, with this loan the student is responsible for the interestthat is accrued on the loan while they are in school. This isnot a needs based loan, so students may be eligible for the loaneven if they do not show a financial need for the loan.

3) The Federal Perkins loan is a type of student loan that isavailable to both graduate and undergraduate students.Applicants must demonstrate financial need in order to qualifyfor this loan. Funds are disbursed by the school and must berepaid to the school.

4) The PLUS loan program gives parents of students the option toborrow up to 100% of their child's cost of education. Parentsare eligible for this loan even if they do not demonstrate afinancial need and regardless of income.

5) Direct PLUS loan: this type of student loan is available toparents and guardians of dependent undergraduate students.Borrowers do not need to demonstrate financial need and mayborrow up to the cost of attendance; minus any amount offinancial aid that may be received. Loan funds are first appliedto tuition and fees. This type of government and federal studentloan has a variable interest rate.

6) The federal consolidation loan program gives students andtheir parents the option to consolidate loans and take advantageof lower interest rates and monthly payments.

7) The federal nursing loan gives students who are enrolled innursing school the option of a low interest loan and flexiblerepayment options. Loan cancellation is available in some cases.

8) The Federal Insured Student Loan program gives students whomight not otherwise qualify for a student loan the ability toreceive the funds they need to complete their education.

9) The Health Professions Student Loan provides long-term, lowinterest loans to students pursuing degrees in dentistry,optometry, pharmacy, veterinary medicine or podiatry.

10) Private student loans require a credit check for borrowers;however, students and their families are typically able toborrow more money than they would have been able to through afederal student loan.

For more in-debt information on the 10 best student loanoptions, and many other student loan topics please visit http://www.student-loan-today.com.

We strive to provide only quality articles, so if there is a specific topic related to student loan that you would like us to cover, please contact us at any time. And again, thank you to those contributing daily to our affordable student loans article.

Student Loan Calculator

Below, you'll find extensive information on leading student loan calculator articles and products to help you on your way to success.

How To Get Rid Of Pesky High Interest Student Loans Currently student loans are at an all time low interest rate, which is a great deal for those currently attending college. But, if you're like me and attended college in the nineties or in the eighties then you know that there was no such thing as a low interest rate. The best you could hope for was around 8.25% and usually 9 or 10%.By today's standards, this is outrageously high and loans with interest rates this high are darn near impossible to pay off in a decent amount of time. Moreover, by the time all of the interest is paid it almost doubles the loan amount. I guess you could say this is the magic of compounding in action.

And unlike traditional loans that can be financed at a lower rate, student loans don't have this option available. So, most people just trudge along and continue to pay year after year after year.However, after some research and creative financing I have come up with a viable way to get around high interest rates thus shortening the time it takes to pay off old loans and pay less in overall interest.Basically, I contend that one of the best ways to eliminate student loans quicker and at a much lower interest rate is to transfer the old loan onto a credit card that offers a low to no interest rate on balance transfers. To verify this I asked my friend Terry Rigg, owner of The Budget Stretcher (http://www.homemoneyhelp.com) to do the comparison calculations.Here's a comparative analysis he did. A student loan in the amount of $15,000 at 9% with a payment of $300 per month would take 5 years 3 months to pay off with a total interest amount of $3,870.56 in interest.However, by transferring this same $15,000 to a low interest credit card with an interest rate of 3.9% for the life of the balance transfer, it will only take 4 years 7 months to pay off making the same $300 per month payments. The total interest paid would be $1,337.90: a total savings of $2,532.66 with a pay off eight months sooner.This method isn't for everyone, but it is a viable option for those who wish to unload old high-interest student loans once and for all.

And, obviously, good credit is a necessity to obtain low balance transfer rates. However, before making the decision to use this method, it's wise to go over the pros and cons of each method.The Pros and Cons of Keeping High Interest Student LoansPros:·Student loans can be put into deferment/forbearance if you should ever experience economic hardship.·Interest on student loans can be used as a tax write-off for a certain number of years.·In certain very rare cases, student loans can be forgiven.Cons:·Student loans continue to accrue interest while in deferment/forbearance.·Interest on student loans transferred to a credit card is not eligible for a tax write-off.·It is next to impossible to have student loans forgiven.The Pros and Cons of Transferring Student Loans onto a Low Interest Credit CardPros:·Faster pay off time and less interest paid.·Bankruptcy can be filed on credit cards if you experience economic hardship.Cons:·Credit Card amounts can't be put into deferment/forbearance.·Miss a payment or be late making a payment means loosing a low interest rate.Obviously there are pros and cons for both sides. Most important, however, is your level of tolerance where debt is concerned. For many people, a seemingly never ending cycle of payment after payment made to high interest student loans with the majority of each payment going toward interest is a huge burden.I don't recommend this as an option for people already on the precipice of economic failure, but rather for people just looking for an alternative way to eliminate old student loans quicker and cheaper.Each person should weigh their situation carefully before deciding to take this or any other route where student loans are concerned. For me, this presented an excellent option to finally rid myself of an old pesky student loan once and for all. Jona Kessans is the editor of Simple & Frugal News and the Simple & Frugal website http://www.simpleandfrugal.com: a website dedicated to providing information to those on the journey to simplifying their lives. Terry Rigg is editor of The FREE Budget Stretcher Newsletter and Budget Stretcher web site http://www.homemoneyhelp.com.

Private Student Loan

Below, you'll find extensive information on leading private student loans articles and products to help you on your way to success.

Private Student Loans – Dispelling The Myths Private Student Loans – dispelling the mythsIf savings, grants, scholarships, and federal loans don't cover the cost of your education, it's time to turn to private loans. But young college students can't qualify for a private loan, can they? Wrong! This article addresses this and other myths about student loans that you may run into.I don't have any collateral, so I can't get a private loan.Private loans are usually unsecured, which means no collateral is required. On the downside, this may also mean a higher interest rate.I don't have a good credit history (or no credit history at all)Since the government doesn't back private loans, your credit history is a consideration in being approved for a loan. If your credit history is bad or non-existent, you may be subject to a higher interest rate. And remember, you can always get a co-signer.

Pay your loan off on time, and soon you will have a good credit history!I have enough funds for tuition and fees, so I can't get a private loanIn addition to paying tuition and fees, funds from private loans can be used to cover living expenses, supplies, computers, and other everyday living needs. I can't afford to make payments on a loan while I am still in school For most loans, your principal and interest payments can be deferred while you are enrolled in school. Another option is to make interest payments while you are in school but defer paying off the principal. Your interest payments might even be tax-deductible!I missed the deadline for applying for financial aid this yearYou can apply for private student loans any time – there is no deadline. Depending on the financial institution you choose, you can be pre-approved in minutes and have the money (which will be sent directly to you) within a matter of days.I don't have a bank to apply throughPrivate loans are offered by thousands of banks, credit unions, and other financial institutions.

Just search the internet for "private student loans" and you will find many places to apply to.If you need the additional funds provided by private loans, don't let myths and misconceptions keep you from applying!This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about Private Student Loans at http://www.nextstudent.com./ Vanessa McHooleyMy goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.

Alternative Student Loan

Below, you'll find extensive information on leading alternative student loans articles and products to help you on your way to success.

Private Loan Consolidation College life teaches you how to stretch a dollar, how to make a pizza cover breakfast, lunch, and dinner, and how to get the most out of your money. That said, when your college education is over and achieved, the student loans following it should not last a lifetime and follow you throughout your career!Consider Consolidating Your Loans and SaveRather than lug around student loans for years to come, why not consolidate all your different student loans into one private loan consolidation that makes it easy for you to pay off your student loans with just one low monthly payment every month. Six months after you graduate, you can be sure that creditors will be banging down your door, looking for your first payment towards your student loans. Whether you borrowed from a bank, the government, or through some other private means, student loans add up quickly. A private loan consolidation allows you to take all of your student loans and throw them into one general debt – this way, you can make payments towards that debt and only have to deal with one private company, instead of 2, 3, 4, or 5 loan firms and/or creditors.

Where To Find A Consolidation LoanBest of all, there are a plethora of companies out there willing to give you a private loan consolidation. They will analyze your student loans, see where the loans came from and what interest percentages the loans carry, and then they will get on the project immediately, possibly saving you hundreds, even thousands of dollars over the next few years! Stop paying money out to creditors who are holding you hostage with their high-interest fees. Obtain a private loan consolidation today from a company that can help you to save money and eliminate your loans quickly as well. Research on the internet or speak with a financial advisor today and find the private loan consolidation that will put all your debt into one small easy and convenient package – which can disappear before you hit mid-life! This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible.

We invite you to learn more about how to get Private Loan Consolidation at NexStudent.com. Vanessa McHooleyCollege life teaches you how to stretch a dollar, how to make a pizza cover breakfast, lunch, and dinner, and how to get the most out of your money. That said, when your college education is over and achieved, the student loans following it should not last a lifetime and follow you throughout your career!

ACS Student Loan

Below, you'll find extensive information on leading acs student loan articles and products to help you on your way to success.

Student Loans Can’t Be Swept Away Through Bankruptcy Bankruptcy is in the news these days, as Congress has finally overhauled the Federal bankruptcy law after years of talking about it. The credit card companies, rightly or wrongly, have been pressuring members of Congress to tighten the bankruptcy statutes, saying that too many people were willfully spending money they couldn't repay with the intention of avoiding paying the money back by filing for bankruptcy. That will soon change, and those with student loans may pay a heavy price.Most everyone knows that consumers with problem debt who are unable to pay their debts may file for bankruptcy under Chapter 7 of the Federal bankruptcy code. This allows for the court to basically wipe away all of the debtor's bills and allows them to start over. It's not entirely free; the bankruptcy filing stays on the debtor's credit report for the next ten years and may affect their ability to buy a home, borrow money or obtain employment.

What many people fail to realize is that while installment loan debt or credit card debt can be wiped out through filing for bankruptcy, most student loans cannot. In fact, thanks to legislation enacted several years ago, most any loans acquired for education, including those issued by for-profit agencies, may not be eliminated through filing for bankruptcy.What this means for those with student loans is that they will need to be repaid. If bankruptcy is inevitable, those with outstanding student loans should contact their lenders and see if they can't negotiate a repayment plan. Those with Federally funded student loans should contact their lender soon, as rates for student loans will go up on July 1, 2005. Now would be a good time to consolidate student loans, as the rates can be locked in for the long term.

If these options are not viable, then holders of student loans should simply be aware that their lenders and their lenders' loan collectors will be keeping in touch with them for the foreseeable future. Those with student loans and other financial problems should also be aware that Federal bankruptcy law will change in October, 2005, making it harder to file for bankruptcy. If you have problem debt, now would be a good time to consider meeting with a credit counselor.