Private Student Loans – dispelling the myths

Written by Vanessa McHooley


Private Student Loans – dispellingrepparttar myths If savings, grants, scholarships, and federal loans don’t coverrepparttar 112028 cost of your education, it’s time to turn to private loans. But young college students can’t qualify for a private loan, can they? Wrong! This article addresses this and other myths about student loans that you may run into.

I don’t have any collateral, so I can’t get a private loan. Private loans are usually unsecured, which means no collateral is required. Onrepparttar 112029 downside, this may also mean a higher interest rate.

I don’t have a good credit history (or no credit history at all) Sincerepparttar 112030 government doesn’t back private loans, your credit history is a consideration in being approved for a loan. If your credit history is bad or non-existent, you may be subject to a higher interest rate. And remember, you can always get a co-signer. Pay your loan off on time, and soon you will have a good credit history!

I have enough funds for tuition and fees, so I can’t get a private loan In addition to paying tuition and fees, funds from private loans can be used to cover living expenses, supplies, computers, and other everyday living needs.

I can’t afford to make payments on a loan while I am still in school For most loans, your principal and interest payments can be deferred while you are enrolled in school. Another option is to make interest payments while you are in school but defer paying offrepparttar 112031 principal. Your interest payments might even be tax-deductible!

Seeking Angel Investors?

Written by Craig Rosenbaum


What preparations need to be made when seeking angel investors?

In order to increaserepparttar probability of obtaining capital from an angel investor, a company needs to take meticulous care in creating its investor marketing materials. Even though angels do not typically abide byrepparttar 112027 same formal processes as venture capitalists, it is still important to prepare your materials in a format that can endurerepparttar 112028 same scrutiny as their corporate counterparts.

How can you ensure you getrepparttar 112029 funds you need to thrust your business torepparttar 112030 next level? There is no simple, cookie-cutter formula. There are a lot of variables, many of which we will cover in greater detail in future articles. Inrepparttar 112031 meantime, let’s focus onrepparttar 112032 essential elements of your marketing materials that must be well presented and thoroughly organized when attempting to raise capital.

A solid management team is critically important torepparttar 112033 success of any business. Demonstrate why yours is exceptional. Angel investors want to knowrepparttar 112034 qualifications of management personnel. They want to see that your team can work together effectively to make your business successful. Your team should include people with expertise in marketing and selling, accounting, managing people, and product development. Angels want to see prior track records of success. Keep this in mind when assembling your management team. Perhaps you will need to solicit help from solid business community members.

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