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Archive for June, 2008

Private student loans can often carry an origination fee. Origination fees are a one time charge based on the amount of the student loan. They can be taken out of the total student loan amount or added on top of the total student loan amount, often at the borrower’s preference. Some lenders can offer a [...]

Each year, college bound students will receive offers of financial aid from colleges who have accepted them as students. In addition, every year, enrollment and financial aid offices across the country wait for one of two responses from the student and their families.
Usually the first response is; Is this the most we qualify for? The [...]

With an average student loan debt of approximately $20,000 weighing on a students shoulders and savings at an all time low, college student borrowers often view their post graduate existence as a difficult one. At the critical juncture of a student loan repayment, financially drained graduates with tight incomes can feel the financial pinch as [...]

The Department of Education establishes annual and aggregate student loan limits for the various federal student loan programs. Stafford student loan limits vary depending on whether you are financially dependent on a parent or guardian or an independent.
To date, the total debt a dependent, undergraduate borrower can accumulate from all Stafford college student loans (subsidized [...]

Your education is going to be a major investment in yourself and your future. You are going to spending your limited resources now in the hopes that you will produce a positive return for the future.
Looking at the time and money you are going to invest in your education along with the personal and professional [...]

Direct Student Loans and Federal Family Education Loans (FFEL) are the two biggest government federal student loan programs. FFELs are guaranteed student loans made by private lenders. That means the government will reimburse the lender when a borrower defaults, or otherwise fails to pay back the student loan. Before being reimbursed the lenders are required [...]

Many lenders offer college student loan discounts to encourage borrowers to obtain their student loans from them.
The Higher Education Act of 1965 sets the maximum interest rates and fees on college student loans. However, nothing prevents a lender from charging lower interest rates and any applicability fees. The illegal inducements regulations prevent lenders from [...]

Student Loan Debt Consolidation
When we speak of student loan debt consolidation, please keep in mind that we are discussing loan consolidation for college student loans. If you are looking to combine payments for other forms of consumer loan debt, you will have to choose another financial vehicle such as a home equity loan or a [...]

What is a Federal Perkins Student Loan and What Can It Do for Me?
A Federal Perkins Student Loan is a low interest 5 % student loan for both undergraduate and graduate students with financial aid needs. Your school would be the lender. The student loan is made with government funds, and your school would also [...]

Which College Student Loan Is Best for You?
Comparing college student loans is not always easy, as the college student loan terms will vary. Here are some things to consider when comparing college student loans.
1. Four Important Variables
The four most important variables to consider are the interest rates, whether college student loans are subsidized or [...]