Information about student loans
There are a number of different types of college student loan available. Unlike scholarships or grants, a college student loan has to be paid back to the lender and the amount is usually increased with interest added over the term of the loan.
A Federal Stafford Loan is the most common type of college student loan. However, these loans can be subsidised or unsubsidised. A subsidised college student loan is one where the interest is paid whilst the student is attending college. In the case of a Stafford Loan this interest is paid by the government. To obtain a subsidised college student loan it is necessary for the student to be assessed to decide whether they will have to pay the interest accrued throughout the duration of their college course. An unsubsidised college student loan has no interest-free period for the student and the interest is added from the time that the loan is paid out until it is repaid. The money for a Stafford college student loan is actually funded by banks, credit unions or other private lending institutions. The amount of money that a student receives with a Stafford college student loan is related to the year they are in at college. The money lent increases each year as the student progresses through the course.
A similar college student loan to the Stafford loan is a Federal Direct Loan. The only difference between them is that the money is paid directly by the college’s financial aid office for a Federal Direct Loan, rather than through banks or credit unions.
Of course, not every student qualifies for a federal college student loan or they may find that they still require further funding. Either way, there are a number of alternative sources of student loans available. These types of loan are offered by private lenders and the interest rates can vary greatly. It is important to compare the available private loans to ensure that you get the best college student loan possible. This means investigating other types of loan that you may be able to apply for, not just a specialised college student loan. The private lenders will perform a credit check on the student and any co-signer before considering offering a college student loan. Beware of low introductory interest rates that may seem attractive with a student loan but that increases over time. Some of the private college student loan companies also charge a processing fee that significantly reduces the amount of money that the student actually receives.
FAFSA on the Web - U.S. Department of Education
U.S. Department of Education FREE Application for Federal Student Aid Web Site. To apply for your PIN online, go to the Department of Education's PIN Site. ... If you are a dependent ...
Iowa Student Loan Homepage
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Connecticut Student Loan Foundation - lender, guarantor, servicer, stu
...Loan Program and other alternative student loan programs..... .. Search our website.....Connecticut Student Loan Foundation (CSLF) administers.....guarantees, finances, and services ...
NSLDS Student Access
Visit the link for details.
Stafford Loan Resource Center
Offers advice and an overview of the Stafford Loan, a federal financial-aid program for college students. Get info on rates, repayment terms, and loan consolidation.
Sallie Mae, the nation's number one paying for college company.
Plan for college, find federal and alternative student loans, apply online ... Find loan by NAME Stafford PLUS Signature Tuition Answer Loan MBA LOANS LAWLOANS Bar ... Training K-12 ...
Student Loans - College Loan Consolidation - Consolidate Student Loans
Student Loan Consolidation and Federal Student Loans with the best rates in the industry. Stafford Loans, Private Student Loans, and PLUS Loan Applications at NextStudent
Student Loan Hell
Biblical argument for abolishing the ban on student loan bankruptcy discharge, as well as links to other student loan information sites.
Student Loan Consolidation, Consolidate Stafford, PLUS, Direct Student
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Student Loan Consolidation: Consolidate Student Loans & Unsecured Debt
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Student Loan Repayment
Most student loan issues are covered by federal law. Similarly, there are numerous authoritative student loan web links offering untold student aid assistance. Below are listed some of the ...
National Student Loan Consolidation Corp.
Nationwide consolidator of student loans.
Visit the link for details.
Student Loan Repayments - U.S. Military
Military personnel who have been deployed or mobilized are not required to make student loan payments during their absences. Federal regulations require lenders to postpone the student loan ...
International Student Exchange & Study Abroad Resource Center
International Student Exchange and Study Abroad Resource Center provides scholarships, insurance, loans, university admission, esl and test prep services. ...
more to come... until then...