Welcome to Student Loan Guide
Defaulted Guide Loan Student Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
You may also listen to this article by using the following controls.
Information on the Different Types of Student Loans
from:There are a number of different student loans that you can choose from, and it is really important to learn as much about each and every one as you can, so that you can make the best possible decision in regards to what types of student loans would be best for you.
Types of Student Loans
One of the most major types of student loans are the Federal Stafford Loans, which are awarded based on financial need and are regulated by the federal government. They can be obtained in several different ways, for instance from the bank, credit union, or directly from the government. You can choose from the subsidized Federal Stafford Loan, which is long-term and need-based, the unsubsidized Stafford Loan, which is long-term, need-based, and has a low-interest rate, and the additional unsubsidized Stafford Loan, which are loans that are reserved for those borrowers who are classified as being independent students, as determined by particular Federal guidelines.
Another of the most popular types of student loans are the Federal Plus Loans, which are available to parents who have children that are attending college as either full or half-time undergraduate students. Furthermore, they are awarded based on the applicant's credit history and the specific cost of attendance, and although the interest rate is relatively loan on these particular types of loans, repayment usually begins much sooner than with other loans, typically within 60-90 days after the full disbursement of the loan.
Yet another of the optional types of student loans are the Federal Perkins Loans, and these are loans which are awarded to students based on their financial need, and are typically then only awarded if the student is in extreme financial need. These types of student loans also generally have very low-interest rates, and the total funds available to be dispersed for these loans is limited, however at the same time it should be known that this means that the amount of the loan will most likely be relatively low.
Choosing From the Different Types of Student Loans
When it comes to you actually deciding on one of the optional student loans, there are several issues that you are going to have to consider, and the first and most important is whether or not you are actually eligible for the specific loan that you are interested in getting. This means that you have to apply for the loan in order to see whether you are eligible or not, and if so, then you can continue on with the process.
Loans can be a great help to students who wish to pursue a postsecondary education, however they can also be the cause of great detriment if you find out afterwards that you are not able to pay them back.
Defaulted Guide Loan Student News
Nationwide Families Struggle with College Debt, COACH2college Offers Them Real ... - PR Web (press release)
 PR Web (press release) | Nationwide Families Struggle with College Debt, COACH2college Offers Them Real ... PR Web (press release) This commonly results in an “I give up” attitude and leads to poor debt management and, frequently loan default. COACH2college has a unique service to guide borrowers through post-college debt management of both Federal and private loans. |
Repayment rates for student loans vary at Massachusetts colleges and universities - MassLive.com
 MassLive.com | Repayment rates for student loans vary at Massachusetts colleges and universities MassLive.com ... repay their federally backed student loans. If recent history is a guide, graduates of some institutions will do far better than their peers at others. The Massachusetts Institute of Technology and Stonehill College were tied for the lowest default ... |
Romney Works To Balance Bain With Demands of General - BusinessWeek
Romney Works To Balance Bain With Demands of General BusinessWeek The Obama administration has promoted increased regulation of for-profit colleges because of concern about their educational outcomes and federal student-loan default rates. Much of that growth has come from the online offerings of these institutions, ... |
2012 grads gift guide - Blast
2012 grads gift guide Blast But as 2008′s gadget of the year begins to age and the student loans start to come due, you can bet your class of '12er won't be running around to buy the latest and greatest anytime soon. So we put together this little gift guide. |
The CFPB already has how many employees? And LO's wonder... - Mortgage News Daily
The CFPB already has how many employees? And LO's wonder... Mortgage News Daily Wrong: "The number of FHA-insured home loans entering foreclosure jumped in March after half the mortgages it modified to ease repayment terms were in default again a year or more later." More on that HERE. Speaking of loans heading south, ... |