August 2nd, 2009 at 08:17pm
Under Student Loan
Federal Student Loans are easier to pay and brings less long term hassle and panic if these debts are converted into Federal Student Loan Consolidation. Consolidating your loan means that all the different types of student loans you acquired will be combined in one loan. Doing so has many advantages. Since federal student loan interest rates are currently at their lowest, loan consolidation actually means that the interest rate used for the whole duration of your loan is fixed.
However, there are also disadvantages when one avails student loan consolidations. It all depends on you, really. If you think it would take you a longer time to pay off your student loan, you will then consequently pay more interest during the course of your whole loan repayment. However, since in consolidating your loans, there are really no penalties in prepayment and if you continually pay the same amount of payments before actually consolidating your loans, the interest you will incur would not increase. You will be able to pay the student loan off faster than when you did not consolidate your loans.
One category you could take into consideration regarding federal student loans is availing of the FFEL consolidation loan. This loan program helps any borrower via multiple repayment schedules. Through the FFEL loan consolidation program, only one payment is made each month. In the FFEL program, the student loan consolidation you will be acquiring will be made by a commercial lender, after which credit bureaus will tell you that you already have a zero balance in your account, after doing so you will then sign a fresh promissory note indicating that you will have a new interest rate and schedule of repayment. But, in order to avail of the FFEL student loan consolidation, you must currently be in repayment on the loan you defaulted or that you have been able to make at least three voluntary and on time monthly payments in full.
Again, refinancing student loans depends on the borrower. The United States Department of Education does not in any way allow any borrower to refinance a student loan consolidation. But if in case a borrower has an additional federal loan that is not originally included in the loan consolidation, these debts may then be added and calculated again into a another Federal Consolidation Loan. Another advantage when one avails of student loan consolidation is that there are no fees or charges incurred. The United States Department of Education does not in any way make charges or collects any fees to any borrower who avails of the student loan consolidation.
So now that the details and advantages have been outlined, the following is a basic list of some student loans that are eligible to be consolidated: PERK – Federal Perkins Loans, formerly Nations Defense/National Direct Student Loans (NDSL), PLUS – Federal PLUS (Parent) Loans, SCON – Subsidized Federal Consolidation Loans, UCON- Unsubsidized Federal Consolidation Loans, SLS – Federal Supplemental Loans for Students (formerly Auxiliary Loans to Assist Students (ALAS) and Student PLUS Loans), SS – Subsidized Federal Stafford Loans & Guaranteed Student Loans (GSL), DSS – Direct Subsidized Stafford Loans, DUS – Direct Unsubsidized Stafford Loans, DPLUS – Direct PLUS Loans, DUCON – Direct Unsubsidized Consolidation Loan, including Direct PLUS Consolidation Loans.
Student loan consolidation has another advantage. A borrower is still entitled to avail of the same Federal benefits. This is because student loan consolidation is a federal program. And being it a federal program, a borrower is more than welcome and is entitled to various benefits such as deferment, interest that is tax deductible and forbearance. Plus, the student loan is guaranteed by the government and is insured federally.
By Credit Info
August 2nd, 2009 at 02:17pm
Under Student Loan
Student loan consolidation centers should have these 10 common options.
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student’s federal loan; at present, the rate being offered by the “Department of Education” is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. At the same time during the time of the grace period, there is a maximum of point six percent in interest rate that is deducted for consolidating loans or student credit refinancing.
4. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
5. When a student pays on time for thirty six consecutive payments, he/she then is qualified for a maximum of 1 percent reduction on interest rate.
6. A student gets to keep or maintain all assistance and allowances concerning Federal or State benefits allowed to its borrowers such as delay or deferment and forbearance.
7. Student loan consolidation centers have payment options that are flexible.
8. There are no fees or any other charges or even advance payment or deposit penalties.
9. Does not require that one be checked for his/her credit or that one should have a co-signer.
10. Students having “Federal Direct Loans” are able to consolidate by means of the “Federal Loan Consolidation Program” provided by the government, while still attending school.
7 Student Loan Consolidation Facts to Consider
1. Interest rates for students that are already adults going to college or that they are on their way in their sixth month grace period will increase; Rates previously at 2.77 percent will rise to 4.66 percent starting July 1. Rates will have an increase from 3.37 percent to 5.26 percent for debtors that are paying their loans.
2. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and one can unable to acquire loan forgiveness provisions services like nursing or teaching.
3. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. Consolidation can bring about loss of certain benefits for example loan deferment and other loan forgiveness alternatives or options.
4. If married and your wife/husband has outstanding student loans as well, you both can opt to merge or bring together consolidation of the loans having an arrangement to repay in any case, of the total loan obligation or any change in the future of your marital status.
5. Student loans that are not paid can be consolidated if reasonable and agreeable payment planning was made between you and your guarantor or lender. Usually, you need to make voluntary and consecutive prompt and punctual payments.
6. When near the completion of your loan repayment, take into account forbearance or deferment when you are in need financially. As student loan consolidation will lower your monthly payments, this also points that extra interest accumulate over the span of the loan and will drastically raise total cost of the loan. To really benefit from consolidation, as much as possible, pay the equivalent monthly payment and always pay ahead of time.
7. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance. Consult and seek advice from your lender student loan consolidation center on which loan options are best and right for you.
By Credit Info
August 1st, 2009 at 08:23am
Under Student Loan
Student Loan Consolidation July 1 Interest Rate Hike Nears
The federal student loan consolidation program is heading down a path leading to interest rate increases. On July 1, 2006 interest rates are expected to increase and fixed rates no longer will be available.
With the changes set to occur in approximately two months it is important for college students to consolidate prior to the July 1 deadline. Following that date, the lives of student borrowers throughout the country easily could take a turn for the worse. With all the expected negative changes, students could find it impossible to consolidate their loans after July 1. By taking action now, student borrowers will save a lot of money in interest – money that could be used for more important things in their lives.
Instead of paying for rent and the necessities of life after graduation, borrowers who do not consolidate their student loans could find themselves with extremely high monthly student loan payments, not to mention thousands more in interest than is necessary.
Student Loan Consolidation Can Save Thousands
However, by consolidating student loans before July 1, borrowers can lock in a lower, much more reasonable rate, which, over time, will save thousands. The lower monthly payment also will enable student borrowers to breathe easier knowing they have extra cash to put toward other everyday needs.
With current (http://www.nextstudent.com/consolidationloans/consolidationloans.asp) student loan consolidation borrowers who still are in school can receive a 4.75 percent interest rate that will be in effect for the life of the loan if the process is complete before July 1. A 2.75 percent interest rate now is available to eligible borrowers. This low rate includes applied benefits that typically feature the use of Auto Debit and incentives for making 36 consecutive on-time payments.
Student Loan Consolidation Makes Life Easier
When college students graduate they oftentimes are left with numerous student loan bills of differing amounts all with high interest rates. After adding everything up, most students find they have exorbitant monthly student loan bills. With the high price of college, the interest rates on loans make things worse, especially for borrowers who do not consolidate their student loans. Those borrowers should take into consideration that they can (http://www.nextstudent.com/) consolidate student loans while in school or after they graduate.
The last thing students need after graduation is a pile of student loan bills to pay. Following graduation students have to find a job and a place to live. Along with rent and other everyday expenses, numerous student loan bills with high interest rates will make things worse. Student loan consolidation will bundle together all of a student’s loans into one easy payment, which makes life simpler. In effect, it also will save thousands over the years.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about (http://www.nextstudent.com/) Student Loans at http://www.nextstudent.com/.
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
http://www.nextstudent.com
By Credit Info
July 31st, 2009 at 08:18pm
Under Student Loan
FINAL Informal Article
07/20/06
438 words
Private Student Loans Help Students Fund Their Higher Education
College students who need additional funding for college because they were unable to cover their total education costs with federal aid have another option. NextStudent, the Phoenix-based premier education funding company, offers private student loans (http://www.nextstudent.com) for undergraduate and graduate students.
Private student loans are available throughout the year to student borrowers who need money for college. These student loans are unsecured and are credit-based. NextStudent’s Undergraduate and Graduate PLUS Loans (http://www.nextstudent.com/plus_loans/graduate-plus-loans.asp) can help students cover up to the full cost of their education. Education expenses covered include tuition and fees, housing, computers, supplies and many other everyday expenses related to education.
No Application Deadlines for Student Loans
There are no application deadlines or fees with NextStudent’s Private Student Loans; therefore, undergraduate and graduate student borrowers can apply at the beginning, middle or near the end of the school term. Student loan borrowers can apply directly online with a fast and easy application form and receive preapproval in minutes.
With NextStudent’s Private Loan Program student borrowers may qualify with or without a co-signer. Funds are disbursed directly to the borrower, and payments do not have to be made until after graduation. There are various money-saving repayment options and interest payments may be tax deductible for these student loans (http://www.nextstudent.com/).
Eligibility Requirements for Private Student Loan
To be eligible for NextStudent’s Undergraduate and Graduate Private Loans, students must be enrolled at school at least half time in a degree or certificate program at a school approved by The Education Resources Institute, TERI, a nonprofit organization by which all NextStudent private loans are guaranteed. Private student loans also are available for distance learning and international students.
Student borrowers can borrow an annual maximum of $40,000 or the calculated cost of attendance with a program maximum of $130,000.
Repayment on the Undergraduate and Graduate Private Loans starts six months following graduation, or when the student borrower drops to less than half-time enrollment status. Student borrowers have up to 20 years to repay their loan. However, student borrowers with balances of more than $40,000 may have their term extended to 25 years. The minimum loan payment is only $25.
NextStudent offers private student loan (http://www.nextstudent.com/privateloans/privateloans.asp) options throughout the year for eligible undergraduate and graduate students who need the funds to help them achieve the dream of a college education. There are no deadlines or time constraints so that student borrowers can receive the funding they need no matter the time of year.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans at http://www.nextstudent.com/.
By Credit Info
July 31st, 2009 at 02:19pm
Under Student Loan
Private Student Loans from NextStudent Can Still be Dispersed Before Fall Semester Begins
With the approaching fall semester, many college-bound students still are in need of essential student loans (http://www.nextstudent.com) for school. Whether students need funds to cover the full cost of their tuition and expenses or funds to supplement the financial aid they received, NextStudent, the premier education funding company, can help students through its Private Student Loan Program.
NextStudent, based in Phoenix, AZ, is dedicated to helping students and their families find affordable ways to pay for college. Along with a host of highly competitive education finance products, the company provides a variety of Private Student Loans (http://www.nextstudent.com/privateloans/privateloans.asp).
Private Student Loan Funds Disbursed Fast
For college students who are concerned that it is too late to receive loan funds for college, Private Student Loans through NextStudent may be disbursed in as little as five business days.
Student borrowers can apply for Private Student Loans through NextStudent at any time throughout the year, as there are no application deadlines. From the beginning of the school term through the end, student borrowers have the ability to secure education funds to help them pay for all their education expenses.
Free and Easy Application Process
The application process is quick and easy and student borrowers can be preapproved within minutes after speaking with one of NextStudent’s knowledgeable Education Finance Advisors. Private Student Loans are unsecured and credit-based, and there are no application fees. The loans may cover as much as the full cost of a student’s education, less any received financial aid. Expenses can include tuition and fees, supplies, housing costs and computers, according to NextStudent.
Student borrowers can apply for a Private Student Loan with or without a co-signer; however, NextStudent approves more Private Student Loans when there is a qualified co-signer.
The NextStudent Private Student Loan Program requires that student borrowers are enrolled at least half time at college. They must be in a degree or certificate program at a TERI-approved school. The Education Resources Institute, or TERI, is a nonprofit organization. It guarantees all private loans issued from NextStudent. International students and those in distance learning courses also can apply for Private Student Loans.
An annual maximum of $40,000, or the calculated cost of attendance (lesser amount), is available to private student loan borrowers. The program maximum available is $130,000.
Private Loans Disbursed Direct to Student
Private Student Loan borrowers can rest easy, as funds are distributed direct to the borrower. Repayment on the private loans (http://www.nextstudent.com/privateloans/privateloans.asp) does not have to begin until six months after graduation, or when the student drops below half-time enrollment status at college.
On private loans of less than $40,000, student borrowers have as much as 20 years to repay the loan. The repayment term may be extended for student loans of more than $40,000. In addition, the minimum student loan payment is $25, and interest payments may be tax deductible.
Since NextStudent offers Private Student Loans throughout the year, student borrowers can rest easy knowing that they can receive the funds they need at any time. The fall semester is around the corner, and student borrowers easily can apply now and receive the college funds they need within weeks.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans at http://www.nextstudent.com/.
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
http://www.nextstudent.com
By Credit Info
July 31st, 2009 at 02:19pm
Under Student Loan
Private Student Loans from NextStudent Can Still be Dispersed Before Fall Semester Begins
With the approaching fall semester, many college-bound students still are in need of essential student loans (http://www.nextstudent.com) for school. Whether students need funds to cover the full cost of their tuition and expenses or funds to supplement the financial aid they received, NextStudent, the premier education funding company, can help students through its Private Student Loan Program.
NextStudent, based in Phoenix, AZ, is dedicated to helping students and their families find affordable ways to pay for college. Along with a host of highly competitive education finance products, the company provides a variety of Private Student Loans (http://www.nextstudent.com/privateloans/privateloans.asp).
Private Student Loan Funds Disbursed Fast
For college students who are concerned that it is too late to receive loan funds for college, Private Student Loans through NextStudent may be disbursed in as little as five business days.
Student borrowers can apply for Private Student Loans through NextStudent at any time throughout the year, as there are no application deadlines. From the beginning of the school term through the end, student borrowers have the ability to secure education funds to help them pay for all their education expenses.
Free and Easy Application Process
The application process is quick and easy and student borrowers can be preapproved within minutes after speaking with one of NextStudent’s knowledgeable Education Finance Advisors. Private Student Loans are unsecured and credit-based, and there are no application fees. The loans may cover as much as the full cost of a student’s education, less any received financial aid. Expenses can include tuition and fees, supplies, housing costs and computers, according to NextStudent.
Student borrowers can apply for a Private Student Loan with or without a co-signer; however, NextStudent approves more Private Student Loans when there is a qualified co-signer.
The NextStudent Private Student Loan Program requires that student borrowers are enrolled at least half time at college. They must be in a degree or certificate program at a TERI-approved school. The Education Resources Institute, or TERI, is a nonprofit organization. It guarantees all private loans issued from NextStudent. International students and those in distance learning courses also can apply for Private Student Loans.
An annual maximum of $40,000, or the calculated cost of attendance (lesser amount), is available to private student loan borrowers. The program maximum available is $130,000.
Private Loans Disbursed Direct to Student
Private Student Loan borrowers can rest easy, as funds are distributed direct to the borrower. Repayment on the private loans (http://www.nextstudent.com/privateloans/privateloans.asp) does not have to begin until six months after graduation, or when the student drops below half-time enrollment status at college.
On private loans of less than $40,000, student borrowers have as much as 20 years to repay the loan. The repayment term may be extended for student loans of more than $40,000. In addition, the minimum student loan payment is $25, and interest payments may be tax deductible.
Since NextStudent offers Private Student Loans throughout the year, student borrowers can rest easy knowing that they can receive the funds they need at any time. The fall semester is around the corner, and student borrowers easily can apply now and receive the college funds they need within weeks.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans at http://www.nextstudent.com/.
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
http://www.nextstudent.com
By Credit Info
July 31st, 2009 at 08:20am
Under Student Loan
There are various resources to find money for a college education. Student scholarships, student loans, and grants are available to get a college education. After going through the merits and demerits, the best option may be chosen.
Student loans are different from a student scholarship since they have to be repaid. Student loan schemes are available in two different types. One is a subsidized loan and another is an unsubsidized loan. The interest for the subsidized loan is taken care of by the Federal Government in USA and in other countries the finance ministry provides some sort of assistance, whereas the unsubsidized loans carry a normal percentage of interest. Eligibility for a subsidized loan can be found out by filling in the relevant details online
The students and the parents can become tense at the time of planning how the expenses of a college education will be met.
To finance a college education, a programme called FFELP (Federal family education loan programme) provides the most flexible and affordable student loan options. Using the loan finder web service a student can find all the required information for applying for a federal loan online.
Additional finances not covered by the federal programme such as education related expenses, overseas study, and housing can be procured through a private student educational loan. When compared to credit cards, these programmes carry a marginally lower interest rate and have very easy payback terms.
Many of the student loan agencies – both government and private – have online submission and processing facilities hence the loans are accepted after a review within a week or sooner. The repayment of the Federal student loan can start six months after the graduation of the applicant.
Student loans can be used not only to pay the fees but also for lab fees, dues for associations and housing. A student can still avail an educational loan even though the tuition is covered by a grant.
A student who is eighteen years or above in age, can apply for a student loan. Most of the student loan is deferred for repayment until the student completes the education or leaves the school.
Private loans for students are not given without a co-signer or a credit report. Credit unions give student loans if a vehicle or a boat is provided as collateral.
During the cumulative credit period, a student has the option of paying or not paying the interest part of the loan. It will become easier if periodical payment is made to cover the interest. If this is done, the capital repayment after completing the studies becomes easier for a student.
Student loans are to be repaid in ten years. Nevertheless, longer repayment facilities are provided to large student educational loans.
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By Credit Info
July 31st, 2009 at 02:19am
Under Student Loan
Student loan has become a ‘necessary evil’ for most of the students, which help them to complete their education. In the present social and economic scenario, the education is a costly affair, of which financial expenses cannot be managed without a financial aid in the form of a scholarship or educational loan. Scholarship is reserved for exceptional students and educational loans will be the only resort for an average student to pursue his student loan. The student loan has the advantage of several relaxations in the terms and conditions than a standard loan. However it is essential that the student loan amount including the prescribed interest have to be repaid. The top 5 ways to help the repayment of the student loans are comprehended from the testimonials of the students, who are successful in student loan repayment.
It is a fact the student loan repayment will not be practically easy in the beginning years of ‘struggle of existence’. The student will get a grace period of 6 months to 9 months for the start of the loan repayment after the course completion, which varies according to the nature of the loan. But in the entry level jobs, it will be pretty hard to find the amount for the loan repayment. Proper financial management is the only possible solution to handle the crisis successfully. But it may not be easy to restrict the expenses in the early days, even though you are aware about the student loan and other liabilities. A budgeting will certainly help you to plan the situation well and it can be a winning strategy, if you have the necessary will power to act accordingly.
The negotiation with your debtors can be the next step. You can contact them directly to avail any adjustments in the repayment schedule or can switch on to a more convenient repayment plan. The repayment period has to be selected according to your capability to spare for the monthly installments. The lenders benefits and offers can be another helping hand to pay off the student loans. Now most of the lenders have put forwarded certain benefits and incentives for the loan repayments. The utilization of the relaxations in the interest rates and total debt is certainly advantageous to pay off the student debts.
If you have multiple debts, the best strategy is to consolidate the different loans to a single consolidation loan. Now, Federal consolidation loan is available, which will help to consolidate all federal loans, with certain pronounced advantages in the rates and terms of the loans. However, it will not consolidate the private loans. You have to seek any of the private consolidation loans to mange the private loans. If the multiple debts cannot be consolidated, then you have to pay off the loan with the higher interest rate. The regular follow up of such a strategy will certainly help to pay off the student loan easily.
In case of defaults in the repayment of the student loan, the rehabilitation programs of the lenders can be utilized as the way, which help to pay the student loan. In brief student loans can be compared to the common saying “slow and steady wins the race”. If you are able to start the repayment during the study using money from the vacation jobs or part time jobs, it will certainly help to pay the student loan early. Also, keep in mind that the extended repayment schedule is not advised in all cases as it will levy more money as interest. Hence a planned and intelligent strategy will be the best way to pay the student loan easily.
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By Credit Info
July 30th, 2009 at 02:19pm
Under Student Loan
If you are an American student or one studying in an American school, then you are eligible for federal student loan consolidation from the U.S government.
Federal student loan consolidation plans are applicable for all students whether you are still in school or a recent graduate or already into your new career.
If you are successful in your student loan consolidation application, it will help you to reduce the student loan payment amount each month and/or allows you more time to pay off your student loans.
If you currently have several student loans, it is easier if you use federal student loan consolidation to consolidate them into one loan payment thus making it easier to manage.
The Four Types Of Federal Student Loan Consolidation
The U.S government in a bid to attract more students to take up their student consolidation loans have come up with four plans to suit the different needs of students.
They are :
* Standard Student Loan Consolidation
The maximum student loan period is 10 years and the payment amount per month is fixed. This type of plan is suitable for students who can afford to pay a fixed amount per month. The interest rate would not be a big factor in huge student consolidation loans
* Extended Payment Plan
This type of plan is similar to standard student loan consolidation except it has a longer repayment period of between 15 to 30 years. The repayment period is dependent on the student loan amount.
* Graduated Payment Plan
This type of plan is suitable for students still schooling and can only repay the student loan when they have a job after they graduated. The payment period is between 15 to 30 years. The payment amount per month usually starts low and increase steadily every 2 years. The intent is the as the student has worked for a longer period of time, their salary will increase accordingly and thus able to pay a larger repayment student loan.
* Income Contingent Payment Plan
This type of plan is complicated and is based on the student’s income level over a period of years. It is also based on the family’s annual gross income, other loan amounts owed, other assets, mortgages etc.
Most student usually choose graduated payment plan or the extended payment plan for their federal student loan consolidation.
By Credit Info
July 30th, 2009 at 08:21am
Under Student Loan
FINAL inFormal Article
10/26/06
586 words
Private Student Loans from NextStudent Help Students Stay on Course to Pay for College
Although the cost of college is increasing, a college education still is a good investment. Most often those who choose to go the college route in the end will fare better in the job market and typically will receive better salaries than those who opt out of college.
There are numerous scholarships and grants available to college students. By researching the many scholarships and grants, students can find the “free money” that is out there to help fund their college education.
Private Student Loans Can Save the Day
There are times when private student loans are necessary because borrowers have exhausted the funds available through federal student loans. It never is a bad time to apply for private student loans (http://www.nextstudent.com/private_loans/private_loans.asp) , as they are available any time during the year and have no application deadline.
With private student loans, student borrowers can pay for the entire cost of their education, less financial aid received, which includes tuition, fees, housing costs and supplies. It is easy to apply and preapproval is complete within minutes. There are no application fees and the loans are credit-based and unsecured. Even though borrowers may apply without a co-signer, more private student loans are approved by NextStudent when a qualified co-signer is named.
Students in a pinch need not worry, as the loans go direct to the borrower. In addition, repayment on the loans can start as much as six months following graduation, or when a student is enrolled less than half time at college.
NextStudent’s Student Loan Options
Oftentimes, “free money” is not enough to cover the full cost of an education. This is when student loans (http://www.nextstudent.com/) step in to help save the day. NextStudent offers a wide variety of student loan options to help make student and parent borrowers’ lives easier. From federal Stafford Loans to PLUS loans (https://www.nextstudent.com/plus_loans/apply-online/apply-online.asp) Parent Loans for Undergraduate Students, NextStudent has the loan to best suit each individual borrower’s needs.
Student Loan Amounts and Eligibility
Private student loan borrowers can receive as much as $40,000 annually, or the calculated attendance cost (lesser amount). The available maximum for the program is $130,000.
Student borrowers must be enrolled at college at least half time in order to participate in NextStudent’s Private Student Loan Program. Other requirements include being enrolled at a school approved by the Education Resources Institute in either a degree or certificate program. All NextStudent private loans are guaranteed by TERI, which is a nonprofit organization. The loans also can be available to international students and students taking distance learning courses.
NextStudent, federal lender code 834051, is dedicated to helping students and their families find affordable ways to pay for college. NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education finance products and services including a free online scholarship search engine, federally guaranteed parent and student loans, private student loans, both federal and private student loan consolidation (http://www.nextstudent.com/consolidation_loans/consolidation_loans.asp) programs, and college savings plans.
The NextStudent Scholarship Search Engine, one of the nation’s oldest and largest scholarship search engines, is updated daily, available free of charge, completely private and represents 2.4 million scholarships worth $3.4 billion.
For more information about NextStudent and its student loan programs, please visit the company’s Web site at http://www.nextstudent.com/.
By Credit Info
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