Federal Student Loans versus Private Student Loans – which is best for me?

Written by Vanessa McHooley


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Unsubsidized loans are available to all students, regardless of income. The student is responsible for all interest.

Federal PLUS Loan The Federal PLUS Loan (Parent Loan for Undergraduate Students) is a low-interest education loan for parents. Each year, parents can borrow up torepparttar 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 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 torepparttar 112001 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 determinesrepparttar 112002 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 NextStudent. At NextStudent, we believe that getting an education isrepparttar 112003 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.


Tips For Getting Your First Credit Card

Written by CreditorWeb


Continued from page 1

All late payments count as bad credit and if you make such reckless spending, you are in danger of having your credit ceased as soon as it was approved. You will also be considered a "bad" client if you lose your credit card or if you forget credit card information often. Avoid carelessness when you deal with money and note down allrepparttar information regarding your card andrepparttar 112000 transactions you have made with it.

Another good advice that all new card holders should follow is about owning only one credit card inrepparttar 112001 beginning. This is a good idea because it helps you get familiarized withrepparttar 112002 banking world,repparttar 112003 card system and it is also a test to see if you can balance money. After one year or so, of good credit history you may apply for a second credit card; however, if you've had payment problems it is wise to stick to that one single card until you can correctly manage card-money.

It is always difficult for new-comers to break through inrepparttar 112004 baking world, yet with patience and a bit of wits you can becomerepparttar 112005 owner of a new credit card. The difficult and tricky part begins when you start balancing it. Keeping records of card information, ofrepparttar 112006 transactions made with it, remembering never to overspend or delay payments and generally having a careful and wise banking-attitude will make you a good client and a satisfied customer atrepparttar 112007 same time.

This article has been provided courtesy of CreditorWeb. CreditorWeb offers great credit card articles available for reprint and other tools to help you find the right credit card. You can also use our credit card comparison tool to easily compare credit card offers from multiple issuers.


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