subsidized student loans guide  
 

Student Loan And Student Loans
By Christian, Sat Dec 10th

A student loan is a loan that is granted to a college student enrolledin courses full or part time for at least one semester orquarter and who have declared a major with the intent ofpursuing a degree of higher education. Student can begranted through various lenders with a governmental guarantee,or can be granted from private lenders with no guarantee. Somestudent do not require a parent's signature, while othersdo. The government guaranteed student loan is classified by twotypes, subsidized and unsubsidized.

The subsidized student have a yearly limit and allow forthe government to pay the interest on the loan while the studentis in school. The unsubsidized student loan allows for a higheryearly limit, but the student must pay the interest while inschool, or the accrued interest will be added onto the balanceof the loan and is the responsibility of the student duringrepayment. A student loan can be deferred while the student isin school half time indefinitely. Private student usuallyhave a set period of deferment, 2-5 years, and then the studentmust begin repayment regardless of whether or not they havecompleted their education.

Currently, studentloans have the best interest rates in town. As the interestrate index rises, so will the student loan rate. During low ratetimes, many scramble to consolidate their student loans. Thissaves a tremendous amount of interest in the long run, since astudent loan repayment plan can extend over 25 years dependingon the loan balance. Those students with an extremely lowstudent loan balance ($5,000 or less) usually only have thetypical 5 or 10 year repayment option. A student loan iseligible to be used for tuition, books, on campus housing andchildcare expenses. Some student allow for the purchase ofan automobile to get to and from school, or other pertinentschool materials such as a computer or to pay off other studentloan debt.


Many students today are counting on student for theireducation. What they are not realizing when they sign thestudent loan promissory note is the debt they are incurring fora very long time after their schooling has been completed. Theaverage student loan balance is upwards of $50,000 for a fouryear

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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/iasZQAuYtqg" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/7-Wt5pDDGRM" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/r2Q05r-eIkQ" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/Q7mebQDMb-M" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/NluNsZLNqCM" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/5tXe8H-XVsk" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/35ujamDmHBQ" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/SMJDVnTFPwE" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/5LK5HQ17s-U" 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="http://feeds.feedburner.com/~r/StudentLoanConsolidationHotTopics/~4/_dzf7_FB7WU" height="1" width="1" alt=""/>

degree. Add to that professional education costs, and somestudents will have over $150,000 in student loan debt. While theinvestment of an education is always a wise idea becauseinvesting in one's mind will never diminish in value, the costsassociated with this investment and the income expected to earnshould be carefully evaluated. Some careers do not warrant ahigh enough salary to repay the loans. Grants and scholarshipsshould always be considered as alternatives to obtaining studentloan debt.

For more information about student loan and student loans,visit: http://studentloans.christianet.com http://studentloans.christianet.com/articles.htm http://www.christianet.com

About the author:Christian N, http://www.ChristiaNet.com http://blogs.christianet.com Featuring numerous life application articles and tips.


 
 
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