Recent Posts
Pages
Blogroll
Student Loan Terms
If you plan on entering the world of student loans, there are a few terms you should know.
Anticipated Graduation Date – The date you anticipate completing your degree program and exiting school. Applications for student loans contain this date and must be verified by the school.
Capitalization of Interest – The practice of adding [...]
You are planning to go to college. How are you going to fund this venture? I am hoping to help you out with some information about financial aid programs. For most people this is the first place to start.
Financial aid refers to monies that are specifically borrowed for a higher education. While there are many [...]
Government Student Loan s
Borrowers who find their government student loan in default have the option of rehabilitating the loan. Through the federal loan rehabilitation program, the borrower and government student loan holder agree to a payment plan that repairs the loan’s status. This plan is spread out across 10 months and includes nine voluntary (and [...]
Private School Loans
Attending a private college after high school can cost approximately four times more than it costs to enroll at a public four-year institution. Students, however, increasingly opt for a private education as professional careers become more competitive. Paying for private school is by no means easy, but it is quite possible.
Private school loans [...]
Student Loan Calculator
A student loan calculator will help you understand your loan repayments in relation to your possible starting salary. One would just enter the amount(s) you have borrowed or expect to borrow for college, graduate, or professional school in a form. Then, enter the amount you expect to earn when you graduate. Submit the [...]
Private student loans, or alternative loans funded by banks and non-profit organizations, provide another source of financial aid for students. However, what they are really about is availability, flexibility and options.
Availability
Availability to a Private Student Loan is much more accessible for most people. Federal financial aid becomes more and more limited with rising [...]
Lower Payments for Higher Education The Parent Loan for Undergraduate Students (PLUS) is part of the Federal Family Education Loan Program (FFELP). Provided at a low interest rate of 8.5%, a PLUS loan allows you to fund up to 100% of the cost of your student’s education less any financial aid already awarded. It’s a cost-effective [...]
Stafford Loans Explained
Students applying for federal financial aid may find themselves confused by the various loan programs available to them. Specifically a student may qualify for a Stafford Federal Family Education Loan (FFEL) or a Direct Loan. Aside from the fact that both are loans, what are the differences in these two programs that both [...]
Investigate financial aid and scholarship opportunities. There are many ways to pay for college. In addition to personal savings, like 529 programs, most people pay for college with a mix of low-interest loans, federal and state grants, work-study programs and scholarships. If you’re looking for a federal student loan or other government aid, you must [...]
Student Loan Consolidation: Is this necessary for students to use?
When students are finding themselves at the point of having to repay loans for school back to the lenders many are finding it hard to manage a specific amount of money out of their budget to repay loans. Student loan consolidation is an option for students [...]
