Archive for the ‘Student Loans’ Category

Great Lakes Student Loans

Sunday, November 30th, 2014

Great Lakes Student Loans are unquestionably where you need to begin looking for that loan, especially in today’s fast paced world. College used to be seen as a privilege that one would earn for their hard work in school and dedication to education; today it is simply a high priced burden for many. There is no question that you can get so much more if you attend college and earn your degree, but how does one set about doing that in today’s society? It appears as though masses are still attempting to figure out how to put gas n their cars!

A college degree is going to decidedly land you a much more valued career. There are numerous young people nowadays who merely do not possess the particular money laid aside for college, or the funds to pay for their education at this time. Often times, you will hear of students that decide against the thought of even attending college, especially a high priced university. Too frequently, the idea of netting a worthy degree only out-weighs considering a fast job that doesn’t pay well, simply to have your rent covered, pay the bills or put a meal on the kitchen table. Today many a aspiring students are preferring that road instead of earning a degree, and do we fault them really? A college education is unquestionably a priceless gem.

There are virtually a million resources for discovering a student loan these days, especially on the internet! Some will predict a low rate, some other will guarantee no payments for a year and several will work around your means of paying. But do any of them offer up a way of managing this, and nonetheless be fit to attend school, work, and eat? Not many.

In That Respect is, however, a loan provider that serves all this and more! Student Loans from Great Lakes are offered to anyone who cares to possess more such information on loans for education. The Great Lakes student loans should be your first stop for inquiries about options to balance school, work and a effortless payment for success.

Great Lakes has been measured as one of the finest in assisting masses with new or existing loans. They are always ready to offer information about student loans and updated information regarding rates, news and available options. They allow for a great service for people wanting more in depth information. Merely, bottom line here is that receiving assistance for your loan is inexpensive and convenient.

Great Lakes also will provide aid to help new or returning students affordably design a budget or payment choice that works for them. They offer many a valuable services to the consumer too. This financial aid service will be ready to help anyone debating a student loan and likewise prides themselves in being fit to do so. If on that point is a student that carries multiple loans, no matter who holds it, they will discuss the options of consolidating their multiple loans, making life a lot easier for the student or borrower.

Typically, the loan is consolidated to smaller amounts that call for to be paid to the lender each month, only it could too higher the amount of interest that you, the borrower are paying back. Great Lakes Student Loans have been mentioned in the local news, many a written articles, educational material, financial reports, ezines and many other online and offline resources. So hopefully this article cast some light on this remarkable service.

If you would like more information on this topic and Credit Card Consolidation Loans or if you are in need Debt and Bill Consolidation, this site has many credit repair topics and tips that can be very useful.

Scholarships for Graduate Students

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Student Loans For Bad Credit-A Loan For Better Education

Thursday, February 3rd, 2011
johnsimen asked: Do you think that bad credit will bound you from going to college? No it’s not true. But it’s very possible if you have bad credit, your choices of student loan lenders are going to be limited. There are lots of financial institutions that provide loan to students with bad credit. If you are suffering from a bad credit score and you want to build your future secure, then apply for student loans for bad credit without thinking twice. The government has several loan programs they will grant students for their further study.

Student loans for bad credit are also possible if your parents have better credit than you do. Federal funding is a good choice for a bad credit student loan because it is specifically designed to help the student for their study.

Now you count yourself lucky as there are agencies that offer you bad credit student loans, the main purpose of which is for you to settle your obligation and the interest take charge on your unsettled loan. You must take advantage of this, you settle your loans and at the same time you will improve your credit rating, which will help you to allow your child to experience the benefits of a student loan for his school or college education.

Now all the above is the part of the federal student assistance package. If these do not provide students with enough money to pay for college, then students will have to find out private student loan funding institute. It’s difficult to get private student loans with bad credit however. But you must look online for student loan lenders who may give bad credit loans. However, the interest rate will likely be high. So apply for these loans only after you have verified all the terms and conditions. If all is in your favor then go for these loans.

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Apply For Student Loans

Wednesday, December 15th, 2010
The first place you should go is your college or university’s financial aid office. Assuming you applied for financial aid when you applied to the college, you will already have a financial aid package in hand. It may contain grants, or work-study, or federal or private loans for which you can apply.If you’re wondering, before applying to college, how you’re going to pay for it, here’s the scoop:

If you’re still in high school make sure you’ve applied for every scholarship for which you’re eligible through the high school.

Fill out a FAFSA. This is a Free Application for Federal Student Aid. It will tell you whether you’re eligible for federal student financial aid like Pell grants and work-study programs. You’ll need current tax documents to fill out a FAFSA – either your own, if you’re independent, or your parents. The FAFSA may get you money that you don’t have to pay back or money that’s the “cheapest” to pay back. You’ll learn more about the FAFSA through your college.

Okay, you’ve done your homework and you’re up to student loans. The first loan to apply for is the Federal Stafford loan. They’re sponsored by the federal government and offer low interest rates and a long time for repayment.

Have your parents consider the Parent PLUS loans which are federally sponsored loans for parents of students.

The last place to turn is to private student loans.

The key to college financial aid and loan applications is the FAFSA. You can find this online easily and certainly you will be informed about it through your college or university’s financial aid office. The FAFSA will help your college find all of the federal money, and scholarships and loans through the college itself, for which you’re eligible.

After dealing with the college for financial aid, you’ll want to apply for student loans through private lending institutions such as banks. Private student loans are also called personal student loans or alternative student loans.

The “cheapest” and hardest to get student loans are available to students who have great credit histories and who also have a cosigner with a great credit history. These loans sometimes offer a low interest rate and high fees. It’s often better to take a loan that has a slightly higher interest rate and low or no fees.

The best place to get information to apply for student loans is the financial aid office of your college or university. The office will tell you what “free” monies might be available to you and then help you apply for federal financial loans and finally, the loans of last resort, private student loans.

Scholarships for Graduate Students

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Private Student Loans

Tuesday, November 9th, 2010
When a student decides that they will need to look for student loans, they should look at federal student loans first. These loans often offer the best rates and payback options. In addition to these federal loans, or perhaps, instead of these federal loans, a student may decide to look into private student loans. The financial aid office of the student’s college or university will have information available to the student about private loans.Private student loans are on the rise. It is estimated that by 2025 that private education loans will surpass federal student loans in volume of money loaned. The rate of lending of private student loans is growing at a rate of 25% a year and the rate of federal loan lending is growing at 8% per year.

In general, students should borrow first from a Federal Stafford Loan and then look into private lenders. They should also file a FAFSA (which stands for Application for Federal Student Aid) to see if they qualify for any grants or work-study or any other type of financial aid.

Once a student has ascertained that they’ve borrowed all that they can from a Federal Stafford Loan and that they have gotten the most out of aid that might have become available to them after taking the FAFSA, private lending is the next stop.

What should students look for in a private loan? First they should look at the fee charged by the lending institution. A low interest rate can look very attractive but if it’s paired with high fees that same loan may suddenly become much more expensive than the loan that has a higher interest rate but low or no fees. Institutions that don’t charge fees sometimes roll the fees into the interest rates. Keep in mind that 3% to 4% in fees is equal to about a 1% higher interest rate.

When comparing repayment plans, be careful. A longer term loan will reduce the APR, even thought the total amount of interest paid will be more.

The very best loans from private institutions offer interests rates of the prime rate minus 0.50%, or LIBOR plus 2%, and will have no fees. LIBOR is the interest rate that banks charge each other for various types of loans. It stands for “London InterBank Offered Rate.” It’s the rate used by banks in London that’s then used by banks all over the world. The prime rate is the interest rate that banks charge dependent upon market forces that affect the banks cost of funds. These types of loans are usually only available to borrowers who have the best credit and also have a cosigner with great credit. In general, private student loans that depend on the LIBOR rate are better deals than those that depend upon the Prime Lending Rate.

When looking for private student loans, the student will want to spend some time looking for the best interest rates, fees and loan terms. The first stop could be the student’s financial aid office or online at Simple Tuition below.

Click here to find the right student loan for you!

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Student Loans in Canada

Monday, October 25th, 2010
Student loans in Canada are provided by a joint Federal and Provincial program with the amount of and eligibility for a loan different between the Provinces and so depends upon the Province you are a resident of (your Province or territory of residence is decided by where you have lived for the last 12 months consecutively whilst NOT a student). You may, however, attend any educational establishment in the country provided both the establishment and the program of your choice are listed by the assistance office in your province.There are several different types of funding for post secondary education that include grants and bursaries (which you wouldn’t have to pay back) but there are 2 main types of student loan – the Federal and Provincial programs. Whichever type of loan you wish to apply for it all has to be started off by applying to the Provincial/Territorial Assistance office for the Province you are officially a resident of.

The main attraction of a student loan is that although they are REAL loans that do have to be repaid, they are interest free while you remain enrolled in an eligible education program. Once you graduate/leave education the repayment terms are set (normally low interest and you agree the repayment term) and you begin to pay them back. Banks and other lending establishments are no longer involved in offering new loans as all funding is provided by the federal or provincial governments.

Quebec, Northwest Territories and Nunavut are NOT involved in the Canada Student Loans program and have their own systems. If you are a resident of one of these 3 provinces or Territories then you need to contact the particular office for that Province.

To start the ball rolling with the application for a loan there are several processes that you should consider. Your eligibility is the most important – both you (the applicant) and the course you wish to undertake must meet the criteria laid down.

The applicant: The main factor of eligibility is whether you are intending to be a full or part time student. If you are a part time student (20 – 59% of full course load) you may only apply for federal assistance though you would apply through the provincial/territorial assistance office.

A full time student (60% of a full course load) may apply through the same offices but will be considered for both Federal and Provincial support (depending upon the province in question) though this would have to repay both the loans. The difference between the Provinces and Territories is prevalent here as these provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island and the Yukon all would entail paying the loans back separately. If you are from Ontario or Saskatchewan then you would make one payment back to the NSLSC which would cover the total amount borrowed from both the federal and provincial programs.

The course you wish to enroll on must be listed on the Master List of Designated educational Institutions – it is strongly advised that you ensure the establishment you wish to attend is recognized by your provincial provider and the course choices meet the necessary requirements before you commit to it. This also applies if you wish to attend an overseas establishment.

Your personal financial status will determine the amount of assistance you will be offered with the Federal loan system covering up to 60% of the total you are assessed as needing and the provincial system contributing up to the remaining 40%. Your “needs” are assessed by the provincial office when you apply as they handle the initial application and will forward you the loan documents. Once the Provincial or territorial Student Assistance office has received and processed your application, it will establish the amount of loan you are entitled to apply for and carry out credit checks. Once approved, your Canada Student Loan will be administered by the National Student Loans Service Centre (NSLSC) through to its termination (full repayment).

This agency is responsible for all loans supplied since 1st August 2000 and has two distinct sections. The Public Institutions Division (looking after anyone attending a course at a Public facility such as a University or Community college) and the Private Institutions Division (for those who are receiving instruction at a privately funded facility like a technical college or trade school).

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