Home > Special Advertising Section

Paid Advertisement Article

Student Loans: The Last Step before You’re Free to Enjoy School!

You finally got into college. After months of waiting, months of essay writing, SAT-taking and general anxiety, you got the letter you’d been waiting for. Now all you have to do is figure out how to pay for it. If you’re most people, the idea of paying for college out-of-pocket isn’t even close to reality. The cost of education rises every year – much faster, most likely, than money accumulates in your bank account. Today, hefty student loans are an unfortunate fact of life.

To request more information from a student loan provider, click here.
Student Loans

There are Plenty of Student Loan Options for Those Who Know Where to Look

If you haven’t already filled out a Free Application for Federal Student Aid (FAFSA), you should go to the federal department of education’s website today and get started. The FAFSA will ask a series of detailed questions about your own income, that of your parents, your tax status, age, and the degree you plan to get. That information will then be used by the government to determine your eligibility for federal loans. The most common type of federal student loan is the Stafford Loan. Money for a Stafford Loan will be paid either by private lenders in cooperation with your school and the government, or by the government itself if you attend a “direct lending” school. There are two varieties of Stafford Loans. In the case of subsidized loans, the federal government pays the interest until you are out of school. You must pay the interest on unsubsidized loans, which are available to anyone who fills out FAFSA, but the interest is capped at a lower rate than it would be for a private lender. Depending on how many years you’ve been in school and what degree you seek, you will be limited to different maximum Stafford Loan amounts. Perkins Loans, also disbursed by the federal government, are given to students with “exceptional” financial need, and are governed by different rules than Stafford Loans.

To request more information on financial aid for college, click here.

Even if you get the maximum combined subsidized and unsubsidized loans, there is still a chance that there will be a cost gap that must be filled. This is where private lenders come in. Loans from private lenders are more costly than government loans, but can also be the difference between going to school and waiting another year. The FAFSA does not govern private loans; each lender has its own application. When it comes to student loans, there’s a lot to take into account. Our partner is on-call, so feel free to get in touch with us using the form located here. We’re here to help you make your college dreams a reality.

^ Paid Advertisement Article ^