Monthly Archives: September 2015

Student Loan Advice For The Modern College Student

Student Loan Advice For The Modern College Student

Student Loan Advice For The Modern College Student

Are you interested in attending school but worried you can’t afford it? Have you heard about different types of loans but aren’t sure which ones you should get? Don’t worry, the article below was written for anyone looking for a student loan to help make it easier to attend school.

Start your student loan search by looking at the safest options first. These are generally the federal loans. They are immune to your credit rating, and their interest rates don’t fluctuate. These loans also carry some borrower protection. This is in place in case of financial issues or unemployment following your graduation from college.

It is important for you to keep track of all of the pertinent loan information. The name of the lender, the full amount of the loan and the repayment schedule should become second nature to you. This will help keep you organized and prompt with all of the payments you make. Continue reading

Student Loans: Tips For Students And Parents

Student Loans: Tips For Students And Parents

Student Loans: Tips For Students And Parents

Student loans can help you achieve your dream of getting a college degree. But they can also get you in serious debt if you don’t consider all of the consequences before you borrow that money. Take the time to read up on student loans and how they can impact your future. Start with the tips below.

Start your student loan search by looking at the safest options first. These are generally the federal loans. They are immune to your credit rating, and their interest rates don’t fluctuate. These loans also carry some borrower protection. This is in place in case of financial issues or unemployment following your graduation from college.

When it comes to student loans, make sure you only borrow what you need. Consider the amount you need by taking a look at your total expenses. Factor in items like the cost of living, the cost of college, your financial aid awards, your family’s contributions, etc. You’re not required to accept a loan’s entire amount. Continue reading

What Every Student Needs To Know About Student Loans

What Every Student Needs To Know About Student Loans

What Every Student Needs To Know About Student Loans

A lot of people need to get student loans to make higher education possible. Many people don’t want to do this. This article offers advice on how to get the necessary funding to pay for your education.

Communicate often with the lender. Make sure your records are updated, such as your phone number and address. Do not put off reading mail that arrives from the lender, either. Perform all actions to do as soon as you can. It can be quite costly if you miss anything.

Do not default on a student loan. Defaulting on government loans can result in consequences like garnished wages and tax refunds withheld. Defaulting on private loans can be a disaster for any cosigners you had. Of course, defaulting on any loan risks serious damage to your credit report, which costs you even more later. Continue reading

Great Student Loans Ideas From People Who Know All About It

Great Student Loans Ideas From People Who Know All About It

Great Student Loans Ideas From People Who Know All About It

If you would like to attend school but think it is impossible due to the very high costs, don’t worry, there are student loans that you can apply for. Almost every student at some point will get a student loan to help finance at least part of their education, and you can get one too. Keep reading and learn how to apply for one.

Learn about your loan’s grace period. This is the amount of time you have before the lender will ask that your payments need to start. You can get a head start in making timely payments by knowing what your grace period is.

If you are having a hard time paying back your student loans, call your lender and let them know this. There are normally several circumstances that will allow you to qualify for an extension and/or a payment plan. You will have to furnish proof of this financial hardship, so be prepared. Continue reading

Don’t Understand Student Loans? Read This Piece

Don't Understand Student Loans? Read This Piece

Don’t Understand Student Loans? Read This Piece

So, you’ve decided higher education is for you, but you can’t possibly afford it. Most likely you have been wondering how it is that so many people are able to attend those expensive schools even during these tough economic times. It’s all through student loans. They help many people reach their education dreams. You can qualify for one, and the information that follows will help you understand more about the process.

Watch for the grace period which is available to you before you are required to repay the loan. This usually refers to the amount of time you are allowed after you graduate before repayments is required. Being aware of this will help you get a jump start on payments, which will help you avoid penalties. Continue reading