Tag: Student Loans

There are times in our lives when it seems as if the day to day costs of living are preventing us from enjoying life and our dreams. One such dream that may get waylaid is that of your child’s or even your own education. To help us get over these difficulties there are many different forms of federal student aid programs. However in some instances the aid that you will get from a federal aid program will not be of any help. You can therefore look for ways of getting a private student loan.

This private student loan will need to be from a recognized loan agency. You should investigate the many possibilities before you select one at random. You should also see what the differences between a federal student loan and a private student loan are. Knowing these differences can be of help when you are trying to decide on an appropriate private student loan.

Some of the main differences that you will find will include having your loan approved of in minutes of the private student loan. With the federal student aid programs you need to wait until your loan application has been looked over. Once the loan has been passed in the private student loan you will need to wait only about a week to get the first of the funds.

This funds payment will take longer in the federal government loans. In the federal student loans you need to fill out the FAFSA form. Once this form has been approved of you will then be able to apply for the other student loans that you want. This is not the case with the private student loan. You can of course apply for the FAFSA form so that you are still eligible for other aid and for grants too.

In the private student loan the student’s academic record as well as the family’s finances will inform the private student loan company if your family is eligible to take a loan. There are some private student loan companies where your re-payment scheme depends on the school year that you are applying financial aid for.

As all of these details need to be thought of you should look through the many different loan programs that are available for private or alternative educational loans. These programs should have the information that you require to apply for a reputable private student loan. With a private student loan your worries for a successful education can now be put aside now.

Muna wa Wanjiru is a Web Administrator and Has Been Researching and Reporting on Student Loans for Years. For More Information on Private Student Loan, Visit His Site at Private Student Loan

Are you getting ready to graduate? Well, along with college graduation comes the much-dreaded student loan repayment. If you were lucky enough to qualify for subsidized student loans, the government has been paying the interest on your student loans through school; if you had to take out unsubsidized student loans, your interest has been accruing. Either way, six months after graduation your grace period ends and it is time for you to begin repaying your student loans.

NextStudent, a leading Phoenix-based education funding company, recommends that you start shopping around for student loan consolidation loans as soon as possible. Student loan consolidation is a great way to manage your monthly student loan payments. Not only will you lock into one loan at one fixed interest rate, it also is possible to reduce monthly payments by up to 60 percent and eliminate the hassle of dealing with multiple payments to different lenders.

Do Your Research before Selecting a Student Loan Consolidation Lender

Frequently, college financial aid offices offer students a list of Preferred Lenders for all of their financial needs, from Stafford loans to student loan consolidation loans. However, students are not required to work with the lenders on those lists and instead should shop for a company that best suits their needs.

Just like every student is different, every lending company has its own character, ethical standards and quality controls. Borrowers should be selective and choose their lender carefully, making sure to consider and compare the reputation and integrity of the company, level of customer service provided, and the individual student loan consolidation incentives offered.

NextStudents LOCKED Discount

The federal government sets the base interest rate on all student loans, including student loan consolidation. The only true differences the consolidation loan lenders provide are the incentives offered by each company. For example, in an effort to extend significant savings to borrowers, NextStudent offers a 1 percent LOCKED interest rate discount after 36 consecutive on-time payments, which borrowers retain for the life of their student loan, while other lenders may revoke their benefits for a single late payment. NextStudent also is committed to providing outstanding customer service and the best incentives in the industry.

Some of NextStudents Federal Consolidation Loan Benefit Packages:

Package #1
1 percent LOCKED interest rate reduction after 36 on-time payments
.25 percent interest rate discount for Auto-Debit payments

Package #2
2 percent interest rate reduction after 36 on-time payments (not locked)
.25 percent interest rate discount for Auto-Debit payments

NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Student Loans, Private Student Loans and Student Loan Consolidation at NextStudent.com.