by School Cents | Dec 6, 2011 | Student Loans
Can I get a Student Loan with Bad Credit?
If you have bad credit, you may be reluctant to start a college education for fear that you won’t qualify for a student loan to pay for school; but fear not! If you have bad credit, you have several options for getting a student loan. Federal loans and private loans (with or without a co-signer) are avenues to pursue to help pay for school.
Federal loans, both Stafford and Perkins loans, are available for students with bad credit. These student loans for bad credit are ideal for nearly all students, including those with bad credit because they are easy to obtain, offer low interest rates, and have flexible repayment terms. Generally, repayment is not required until after graduation so the chance that you will have a better job making enough money to afford the monthly payments of these student loans is pretty good.
by School Cents | Nov 29, 2011 | Student Loans
What are Direct Student Loans?
Direct Student Loans are funds made available to students and parents to help pay for college. Direct student loans are low-interest loans, and while the lender is the U.S. Department of Education, individuals may work with a private business who releases the funds or directly with the federal government. Direct student loans include subsidized, unsubsidized, and parent-only loans. These loans are simple to apply for, and unlike other forms of financial aid, are not based on financial need. These funds must be paid back after graduation; however, there are payment programs, opportunities to consolidate multiple loans, and loan forgiveness programs for qualifying individuals.
by School Cents | Nov 22, 2011 | Student Loans
What is Student Loan Consolidation
Student loan consolidation combines all your student loans and often lowers your monthly payment. If you spent four or more years in college, you are likely to have a number of student loans from subsidized to unsubsidized, Stafford and Perkins loans, and perhaps some privately-funded student loans as well. After graduation, you enter the repayment period and each loan requires a monthly payment. Not only can keeping track of several (or more) monthly payments be difficult, each loan’s minimum payment may become a financial burden when they are added together each month.
Consolidating your student loans is a lot like consolidating any other debt. A new loan is taken out to pay off all existing student loans so that only one monthly payment is made each month to the new lender. There are many benefits and a few disadvantages to this option so be sure to consider your options carefully as student loan consolidation is not required.
by | Jun 4, 2010 | Student Loans
President Obama’s Recovery Act in 2009, wasn’t only focused on jobs. The Commander in Chief realized one of the best ways to improve a citizen’s income is to advance the person’s education. As such, a major part of the Act, $225 billion of it, is dedicated to contracts, grants and loans, including college loans, and $500 million of that will have a direct impact on online colleges.
by | Jun 2, 2010 | Continuing Education, Student Loans
Students can find more online college classes available nowadays than ever, as the number of online degree programs continue to soar. Determining which scholarships and grants are applicable in your educational pursuits means finding the money to help pay for an online education.
by | May 31, 2010 | Continuing Education, Student Loans
If you’re a working professional who is trying to earn enough money to remain in good standing with all of your financial obligations, the idea of approaching a higher education may seem daunting. Earning an online degree can allow you to keep your schedule flexible, by completing coursework when it is most convenient for you. It is less expensive than a traditional education, especially with money for college in the form of financial aid and scholarship opportunities. You could be on the road to a new career sooner than you think.
