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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.
Fixed Interest Loan Rate Student News
Fitch: Fixed Rate-Private Student Loans Could Spur Growth - MarketWatch (press release)
 Christian Science Monitor | Fitch: Fixed Rate-Private Student Loans Could Spur Growth MarketWatch (press release) Two of the largest private student loan lenders have begun offering fixed-rate student loans in addition to their traditional variable-rate products. On May 7, 2012, SLM Corp. (Sallie Mae) unveiled its fixed-rate loan product, with interest rates ... Private Student Loans Are Becoming More Competitive Student loans: Pay them off, or invest elsewhere? WHAT? Private student loan over federal? |
Discover Announces Fixed-Rate Private Student Loans - MarketWatch (press release)
 U.S. News & World Report | Discover Announces Fixed-Rate Private Student Loans MarketWatch (press release) While Discover continues to offer competitively priced variable rate loans with initial rates as low as the prime rate -- currently 3.25 percent APR -- the new fixed-rate loans provide predictability with a set interest rate for the life of the loan. Student loan price war: Banks vs. feds Student loan myths and facts Seven Ways to Borrow for College |
Protesters to demand forgiveness of student loans at meeting of Sallie Mae ... - Washington Post
Protesters to demand forgiveness of student loans at meeting of Sallie Mae ... Washington Post Sallie Mae, a private lender that also services some government-backed student loans, announced earlier this month that it will offer fixed-rate loans for the first time to help students and their families pay for college. Copyright 2012 The Associated ... Protesters Gather in Front of Sallie Mae Headquarters |
Sallie Mae Competes with Feds for Fixed-Rate Student Loan - BusinessWeek
 Business Insider | Sallie Mae Competes with Feds for Fixed-Rate Student Loan BusinessWeek (SLM) (SLM), the student lender known as Sallie Mae, plans to offer its first fixed-rate private loans this month to compete with government-backed loans, which have more protection for borrowers. Interest rates on the loans will range from 5.8 percent ... Sallie Mae Introduces Fixed-Rate Private Education Loan Sallie Mae's New Fixed-Rate Student Loan Option Should Freak Congress Out Sallie Mae Will Offer Fixed-Rate Private Student Loans |
Harkin fights college loan rate hike - Carroll Daily Times Herald
Harkin fights college loan rate hike Carroll Daily Times Herald The fixed rate on Stafford subsidized loans is currently 3.4 percent. The rate will go up to 6.8 percent unless Congress acts by July 1. Harkin says this could mean an increase in interest payments of $1000 for more than 7.4 million student borrowers ... |