private student loans

private student loans

Which Student Loan is Best for You?

dollar signApplying for student loans can be very confusing and difficult. Do you need a subsidized loan or a Perkins loan? A Stafford or a private? Here’s a quick rundown of what the different types of student loans are.

Stafford Loans: These are federal loans. They come directly from the government through the Federal Family Loan Program. These require the FAFSA to be completed by the student.

Subsidized Loans: These are a type of Stafford loan and are designed for students who demonstrate financial need. While students are in school, the government pays the interest on these loans. Read the rest of this entry »



Student Credit Card Debt Rises With Tuition Hikes

credit-cardIt’s a correlation no one can deny. As college tuition and fees continue to rise (up 50% in the past 10 years), so does credit card debt. As fewer families have the cash to support college students, more students are charging their tuition, books, fees and other living expenses just to get by.

According to Sallie Mae, the average undergrad has a credit card bill of $3,173, up a startling 134% from $2,169 in 2004, and the highest amount since the organization began tracking in 1998. It seems that tenure in school correlates to debt as well, with seniors owing twice as much as freshmen.

This new study from Sallie Mae uses March 2008 data; due to the state of the economy since then, they warn the actuals for 2009 could look worse. Read the rest of this entry »



How To Get A Student Loan

According to a report from the National Center for Public Policy and Higher Education, college tuition and fees increased over 1,000 percent from 1982 to 2018, while median family income rose just 218 percent. You don’t have to be a math professor to see how that sort of trend puts amazing pressure on students and their families to find ways to pay for a college education. We want you to know how to get a student loan.

If you haven’t saved enough money to pay for your education, all is not lost. Financial aid has more than doubled in the last decade. And while the recent credit crunch has made it even more difficult on those in need of financial assistance, you still have options. We’ll show you how to tap into public and private sources of aid.

Loans for higher education come in three major categories: student loans, private student loans, and parent loans. Let’s take a look at each option. Read the rest of this entry »



NextStudent.com finds student loans and scholarships

Student LoansStarting at an early age, parents encourage their children to strive for great things. Children are taught that if they do well in school and work hard, they can be anything they want to be professionally. Without an advanced education though, these goals can be difficult to achieve. The professional workforce is constantly changing. Pressure is being placed on those that want good careers to receive higher education. A high school diploma is no longer enough to be what many deem as successful. For many aspiring to go to college or graduate school, the world of student loans can be an important part of making dreams a reality.
If you are newly entering college, finding and understanding student loans can be very intimidating. It’s helpful to have someone explain how everything works and walk you through the process of filling out applications.

One helpful site for such information is NextStudent.com. This site provides helpful information on applying for student loans as well as consolidating them. NextStudent.com offers a free scholarship search engine with over 5.9 million individual awards, free one-on-one counseling with a personally assigned Education Finance Advisor, financial aid top tips and low-cost student loans. There are also many helpful resources available like a directory of schools and a feature that compares loans. With NextStudent.com you can even apply for student loans directly through the web site.

Many student loan sites cater only to undergraduate students. NextStudent.com offers tools for graduate students including fellowships and graduate student loans to help pay for post-graduate education. NextStudent.com has private student loans available with many features not available through other student loan providers. NextStudent.com features a fast and easy application with approval in as little as 15 minutes. You can also enjoy loan amounts up to the full cost of your tuition, no application fees, no application deadlines, no payments for students until after you’ve graduated or dropped below half time enrollment, money sent directly to you and possible tax deductible interest.

Some of the benefits of applying for NextStudent.com Graduate PLUS Student Loans allow you to lock in your graduate student loan payments, no application fees or prepayment penalties and generous borrowing limits. The last thing you need to be worried about while in school is paying back student loans. This way you can focus on learning so that you’re ready for that dream job after graduation. Once you’ve graduated and it’s time to pay back your loans, you can also use NextStudent.com for loan consolidation. You’ll bundle all your federal student loans into one easy-to-manage loan with one monthly payment. By consolidating your loans, you can quite possibly cut monthly payments in half.

If you’re going to college or graduate school, chances are you’re going to need some help paying for it. Get help applying for your loans from a site you can trust and do all your loan shopping in one location. NextStudent.com can help you get the academic edge without stressing about money. Get your money when you need it so you can head down the path to success.





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