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Something To Think About Before Applying For California Student Loans
from:There are many reasons to go back to college. Maybe it's something you've been thinking about for awhile but haven't been able to make time for. If you are a resident of California, there are a few extra reasons; incentives that just might be what you need to make that leap back into the world of furthering education.
People considering applying for student loans in California might be surprised to know that California has a huge grant program that provides money to people going to college for various fields. You may not have to borrow as much money as you think.
The California State Aid Commission
The California State Aid Commission, or CSAC, is a valuable resource when looking for funds for college. Their website has a list of all the grants and scholarships available to people looking for student loans in California, as well as the necessary requirements for obtaining them. There are grants available specifically for people who want to go to nursing school with incentives if you graduate and work in a state run facility. Also, there are grants for people studying to be teachers, with incentives to stay and teach in the great state of California. One of the great things about going to college in California is the wide availability of assistance and the fact that the government makes it available and rewards you for staying in the state and giving back.
A Little Research Goes A Long Way
So before you apply for a California student loan, make sure you check out all your options. Talk to your school's financial advisor and check out the California State Aid Commission. You will have to fill out a form for federal financial aid for most of the grants, and this also tells you if you are qualified to receive a California Federal Stafford Loan. This is a low interest California student loan that does not require a credit check and does not have to be paid back until after you graduate.
What If I Still Need A California Student Loan?
You want to try to get a Federal Stafford loan first. If that doesn't suit all your needs and you have to look for a private loan, there are many companies out there that are happy to help you. Rates are usually competitive, and many offer generous plans for paying the money back when it's time. College is expensive, but if you're in the beautiful state of California, you just might get a little extra help. It's worth looking into.
Federal Subsidized Student Loan News
Nancy Pelosi, Xavier Becerra Argue for Extension of Federal Student Loan Subsidy - NBC Los Angeles
Nancy Pelosi, Xavier Becerra Argue for Extension of Federal Student Loan Subsidy NBC Los Angeles By Conan Nolan and Frava Burgess More than 500000 college students and graduates in California are facing an increase in student debt as the temporary federal student loan subsidy is about to expire. If Congress does not vote to extend it, student loan ... |
Private Student Loans Are Becoming More Competitive - BusinessWeek
 WBEZ (blog) | Private Student Loans Are Becoming More Competitive BusinessWeek Now private lenders are introducing loans fixed at nearly the same rates as some federal products, seeking to nab a bigger piece of the student loan market as outstanding debts balloon to more than $1 trillion. The largest student lender, SLM (SLM), ... Fitch: Fixed Rate-Private Student Loans Could Spur Growth WHAT? Private student loan over federal? 'Nothing is Free': College students and their debt |
Restoring the middleman to higher education - msnbc.com (blog)
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Reid says student loan bills will fail in Thursday votes - The Hill (blog)
 Northland's NewsCenter | Reid says student loan bills will fail in Thursday votes The Hill (blog) Reid's comments reflected the harsh reality of today's votes on a GOP and a Democratic proposal to keep the interest rates on new, federally subsidized student loans at 3.4 percent for another year, rather than let that rate double in July. US's Reid: Senate To Reject Dem, GOP Student Loan Bills Thurs |
Federal student loan interest rate could double - Gainesville Times
 U.S. News & World Report | Federal student loan interest rate could double Gainesville Times By Lee Johnson ljohnson@gainesvilletimes.com In 2007, Congress approved a law lowering the interest rates on subsidized Stafford loans from 6.8 percent to 3.4 percent to entice more students to go to college. Earlier this year, Democrats drafted a bill ... Student loan myths and facts Student loan price war: Banks vs. feds Seven Ways to Borrow for College |