Welcome to Student Loan Guide
Direct Student Loan Consolidation 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 Emergency Student Loans
from:Not many people have actually heard of the 'emergency student loans' that are available, however it is a good idea that you learn about them, because you never know, maybe one day you will end up needing one for yourself.
About the Emergency Student Loans
The basic purpose of these emergency student loans is to provide students who need financial aide and who are late with their loan application. They can thus be incredibly helpful, however they are not encouraged, as the point is for you to try and make sure that you get your application form in on time with the regular student loans if you can.
Eligibility Requirements
There are eligibility requirements with these emergency student loans, just as with any other type, and they are as follows: to be eligible for emergency loans a student must have been accepted for enrollment and be enrolled on at least a half-time basis at the institution; to be eligible for the emergency student loans a student must be facing an emergency situation; and loans to eligible students shall be granted on the basis of the order in which the institution receives the application.
The Advantages
There are many advantages and positive aspects that come from that attaining of these loans, particularly - and rather obviously - that they enable the students to be able to attend the postsecondary education that they were planning on, and so thus this is incredibly positive. However, there are some drawbacks and disadvantages that come with these types of loans as well.
The Disadvantages
One of the biggest disadvantages to these loans is that you typically have to pay a higher interest rate when you repay the loan, and so although you are gaining from receiving the loan, you are going to end up being out more money than you would have otherwise by getting this type of loan. Another of the biggest disadvantages is that you generally have a much shorter grace period of repayment.
This means that you have less time allocated to you to repay the loan, and so you are going to be forced to come up with the money a lot sooner than you would have otherwise.
The best idea then is to try your hardest to get your application form for financial aid in as soon as you can, so that you will not have to worry about going through for an emergency student loan or anything of the sort.
Direct Student Loan Consolidation News
Student Loans And How They Will Affect Your Credit - San Francisco Chronicle
Student Loans And How They Will Affect Your Credit San Francisco Chronicle For federal loans, the Federal Direct Student Loan Program allows you to consolidate most federal loans. In the case of private loans, you can apply for a loan and use it to pay off multiple private loans, so as to consolidate the amount and roll ... How I'm Repaying $120000 in Student Loans |
Student loan myths and facts - Pocono Record
Student loan myths and facts Pocono Record This is an exciting time of year in the life of a high school senior. Prom, graduation, finally settling on a college, and, of course, deciding how to pay for it. Many will need to depend on student loans. There are several important changes coming ... |
Romney Proposes Return to Bush Education Policy - The Nation.
 The Nation. | Romney Proposes Return to Bush Education Policy The Nation. In October Obama instituted a program to encourage students who had previously borrowed under FFEL to consolidate their loans under the Direct Loan program. As Stephen Burd of Higher Ed Watch at the New America Foundation explained, “The initiative, ... |
Romney's Higher Ed Platform - Inside Higher Ed
 Inside Higher Ed | Romney's Higher Ed Platform Inside Higher Ed WASHINGTON -- The presumptive presidential Republican nominee Mitt Romney pledged Wednesday that, if elected, he would reshape or do away with two major Obama administration higher education policy initiatives: the overhaul of the federal student loan ... |
Can your student loan debt be forgiven? - Fox Business
Can your student loan debt be forgiven? Fox Business Federal student loans that qualify for relief include Stafford loans, Federal Direct PLUS loans and Direct Consolidation loans, according to Mark Kantrowitz, publisher of FinAid.org, a financial aid information site. Perkins loans are also supposed to ... |