College Student Loan News and Info

Federal Student/Parent loans (Government Student Loans) come in many different forms.  There are loans for the student as well as loans for the parent to pay for the education the student is seeking.

Let us start with a federal PLUS loan (government student loans).  This loan is an easy and affordable way for parents to borrow up to the total cost of their undergraduate child’s college attendance.  PLUS loans are not need-based, so eligible parents can qualify for PLUS assistance regardless of how much or how little money they make.

Federal Stafford Loans are available to both undergraduate and graduate students and are one of the most affordable ways to pay for school. Stafford loans (government student loans) come with fixed interest rates that are lower than most other forms of consumer financing.  There are no application fees or credit checks, and repayment is postponed until you have left school or dropped below half-time enrollment

The Federal Stafford Loan is really the most practical and easiest government student loan available for an undergraduate or a graduate student to obtain a loan for schooling.  The two biggest benefits are Stafford student loan rates are lower than other forms of consumer financing, and repayment is postponed until you are out of school.  Not having to pay until you are out of school is very appealing to most.

• Interest rates currently low— just 6.8%
• No collateral or credit check is required
• You owe no payments while you are in school
• 2% Upfront Cash Rebate
• 3% Cash Rebate: on the remaining principal balance after the first 30 months of consecutive on-time payments. Borrower must participate in auto-debit
• .375% Interest Rate Reduction: for electing to use auto-debit for repayment
• Federal student loans are eligible for federal loan consolidation
• Tax deductions and flexible repayment options available
• No co-signers required

One of the easiest government student loans you will ever obtain.

This entry was posted on Saturday, December 22nd, 2007 at 12:35 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.