guaranteed student loans guide  

Student Loan Options For Financing Your Education
By Sintilia Miecevole, Sat Dec 10th

When you begin applying for colleges, you will find that tuitionand boarding fees are extremely expensive. Unless they areindependently wealthy, few people can pay for college outright.If you do not qualify for scholarships, financing your educationcan seem virtually impossible, even with the help of regularfinancial aid grants. However, there are many low intereststudent available for students that qualify for them.Rather than putting off your education, you can borrow money anddefer payment until your have graduated and have found afull-time job with which you can pay back what you owe.

The first step toward applying for student is to fill outa financial aid application form called the Federal Applicationfor Student Financial Aid. Once you have been accepted to acollege or university, you will be sent a packet of financialaid information. You will be asked to provide your own and yourparents' financial information so the aid agency can assess yourneed and your ability to pay. There are many government basedgrants, like the Pell Grant, that give money to low-incomestudents and their families with no obligation to ever pay itback. However, grants can only pay for so much, and you willmost likely require student to finance the rest of youreducational expenses.

If the free financial aid you qualify for is not enough to coveryour expenses, student can help you make it throughcollege to get the degree you need to be financially successfullater in life. There are many different types of student loansavailable for both conventional and nontraditional students.Federal education like Perkins and Stafford can befunded by either the school, your bank, or by the U.S.Department of Education. Private education are notsponsored by the government and draw funds from a variety ofdifferent sources. If you are still considered a dependent,either you or your parents can apply for student tofinance your education.

Guaranteed Student Loans, or Stafford Loans, typically havelower interest rates than private loans. These areguaranteed by the federal government, and they can be subsidizedor unsubsidized. If you have a subsidized loan, the governmentpays your interest while you are in school. With an unsubsidizedloan, you begin accruing interest while you are in school, butyou do not have to pay it back until you have graduated. Youmust show financial need to obtain a subsidized loan, whereasunsubsidized are available to anyone who applies.

Often times, Direct Student are the loan of choice formany students. Direct are handled directly by the schoolyou are attending. These types of typically have

Pros and Cons of Private Student Loan Consolidation
Congratulations on finally finishing college. While it's great to be working and living on your own, you now get to pay your own bills (and yes, now you finally understand why your parents always yelled at you for taking more than 10 minutes in the shower). Amongst these bills, the most pressing may be those student loan repayment letters that start to arrive all too soon after graduation. With student loan debt averaging out to $23,000 per borrower, you could end up paying $200 per month for the next 15 years!<img src="" height="1" width="1" alt=""/>
5 Reasons to Consolidate your Student Loans
Student loan consolidation is a great option for borrowers looking to lower monthly payments or simply make repayment easier. Don't believe us? Here are 5 ways consolidation can benefit you!<img src="" height="1" width="1" alt=""/>
It?s almost graduation ? Do you know where your student loans are?
With graduation right around the corner for many-a-senior, the thoughts that occupy the minds of future grads probably revolve more around finals and parties than around repaying their loans. While graduation is absolutely a time for celebrating accomplishments, it also means that loan repayment is looming. Start planning now so that when the time comes, you're ready and not scrambling to locate your loan paperwork. Here are five ways you can prepare for repayment right now:<img src="" height="1" width="1" alt=""/>
Special Direct Consolidation Loans
This Special Direct Consolidation opportunity will allow borrowers who have both types to consolidate their FFEL loans into a Direct loan, allowing all loans to be serviced by the same company.<img src="" height="1" width="1" alt=""/>
From our Archives: Consolidation
For upcoming college graduates, the daunting task of paying off students loans is not far away. In a mere six months after graduation, paying off these loans will become a reality. That makes it the perfect time to begin to consider student loan consolidation. Here are some great articles from our archives with tips and tricks to guide you in the consolidation process.<img src="" height="1" width="1" alt=""/>
Most popular student loans for college
Not everyone is aware of all the loan options available to pay for college. For an overview of federal and private sources of credit used to pay for college, view these links! Here are just a few options to consider...<img src="" height="1" width="1" alt=""/>
How to Avoid Student Loan Defualt
Navigating student loan payments can seem daunting. Before you know it, you've graduated and need to start making payments. So what happens if you are unable to make your monthly payments? You can soon find yourself in default. Learn how to avoid this dilemma.<img src="" height="1" width="1" alt=""/>
What Will My Student Loan Consolidation Rate Be?
Depending on the type of student loans you will be consolidating, the interest rate can vary greatly. For instance, federal student loan consolidation allows you to obtain a fixed interest rate based on the weighted averages of your existing loans. Private student loan consolidation is much harder to nail down. Federal Student Loan Consolidation Rates [&#8230;]<img src="" height="1" width="1" alt=""/>
It?s July 23rd, Do you know where your loans are?
Did you know that because nearly all private student loans have variable APRs, your interest rate could have changed several times in the past 2 years?<img src="" height="1" width="1" alt=""/>
Confused about reform and consolidation?
If you&#8217;ve heard the word about the reform currently in progress across the country, you probably are aware of the end of the FFEL program and exclusive federal consolidation returning to the Department of Education. If not, read this page on upcoming changes to get acclimated. One question we get a lot is, &#8220;If FFEL [&#8230;]<img src="" height="1" width="1" alt=""/>

lowerinterest rates than most others. Your college or university mayobtain the funds from a variety of sources, but all of thepayments are generally made to the school itself. Once you arefinished with school, you typically have anywhere from six tonine months to begin paying back your accrued debt.

If you finish school and cannot afford to pay back your studentloans, they may be placed in default. This affects your creditrating and can keep you from getting other in the future.You can be granted a deferment on your if you decide tocontinue your schooling in graduate studies, or if you areunemployed. Deferment, however, does not last forever. If youhave many different student loans, you can often consolidatethem using a consolidation service, or, if you have directloans, you can consolidate through your school's lender.

About the author:With many years in the lending industry, Sintilia Miecevole'ssite will help you figure out what yourcollege costs will be and investigate the various fundingoptions that meet your needs including a loan. Visit for information on how to double yourlifetime income over people with high school diplomas.

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