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This really is a great deal, and has no income or asset requirements. Even poor credit history may be overcome. Repayment is flexible, and can include zero payments for up to 4 years.
Only one drawback to
Federal Stafford and Federal Plus loan - your school must be approved to participate in these programs. If your school isn't approved, then you've got some other options...
* Banks
Many banks offer unsubsidized Stafford loans. You still get
money, which you must have to attend college, but repayment options are more limited. Some deals offer you an interest rate reduction if you make payments on time.
* State Loans
Most states offer guaranteed student loans. Apply direct to Banks, who'll administer
State program. It's usually a more expensive way to borrow than Stafford.
* College Board Extra Credit Loan
Administered by your college. Can be expensive, and best used only in an emergency e.g. your aid is withdrawn.
* Other Loan Sources
A number of other sources may be worth trying if you get a problem with your first choice lenders. Academic Management Services affiliates with approx. 2000 schools. AMS pay your tuition fees if you repay them in less than a year. College Resource Center also has loans available.
If your parent served in
military, then a military loan should be investigated.
College can be
experience of a lifetime. A child starts college as a high school kid, and emerges a full grown adult with high-earning potential…
But he or she needs money to survive and thrive in college. This article looked at
main sources of student loan funding, and those sources should be ideal for most students and their parents.
=========================================================== The right Student Loan makes all
difference to a successful college career. Discover important information on choosing
right student loan, and guaranteeing your future success. Click ==> http://www.college--loans.com/
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The right Student Loan makes all the difference to a successful college career. Discover important information on choosing the right student loan, and guaranteeing your future success. Click ==> http://www.college--loans.com/