- Subsidized Stafford Loans -
The Subsidized Stafford Loan is available for both undergraduate and graduate
study. The U. S. Federal government pays the loan interest while your
child is in school at least half-time. Your child is responsible for
the interest during loan repayment. This need based loan is calculated
from the information provided during the application process, along with school
costs and other financial aid. Please visit our detail page for the web
link to the application process.
Free Application for Federal Student Aid (FAFSA)
- Unsubsidized Stafford Loans -
The Unsubsidized Stafford Loan is also available for graduate and undergraduate
study. Unlike the Subsidized Stafford Loan, with this loan the student
is responsible for the interest that is accrued on the loan while they are in
school. This is not a needs based loan, so students may be eligible
for the loan even if they do not show a financial need for the loan.
- Federal Perkins Loans -
The Federal Perkins loan is a type of student loan that is available to both graduate
and undergraduate students. Applicants must demonstrate financial need in
order to qualify for this loan. Funds are disbursed by the school and must
be repaid to the school.
- Federal PLUS Loans for Parents -
The PLUS loan program gives parents of students the option to borrow up to 100% of
their child's cost of education. Parents are eligible for this loan even
if they do not demonstrate a financial need and regardless of income.
- Direct PLUS Loans -
This type of student loan is available to parents or guardians of dependent
undergraduate students. Borrowers do not need to demonstrate financial
need and may borrow up to the cost of attendance; minus any amount of financial aid
that may be received. Loan funds are first applied to tuition and
fees. This type of government and federal student loan has a variable
interest rate.
- Federal Consolidation Loans -
The federal consolidation loan program gives students and their parents the option
to consolidate loans and take advantage of lower interest rates and monthly payments.
- Federal Nursing Loans -
The federal nursing loan gives students who are enrolled in nursing school the option
of a low interest loan and flexible repayment options. Loan cancellation
is available in some cases.
- Federal Insured Student Loans -
The Federal Insured Student Loan program gives students who might not otherwise
qualify for a student loan the ability to receive the funds they need to complete
their education.
- Health Professions Student Loans -
The Health Professions Student Loan provides long-term, low interest loans to
students pursuing degrees in dentistry, optometry, pharmacy, veterinary
medicine or podiatry.
- Private Student Loans -
Private student loans require a credit check for borrowers; however, students and
their families are typically able to borrow more money than they would have been
able to through a federal student loan.
Items covered in this section:
Student Loans, College and University Student Financial Aid, Student Grants. There
are several different options available for students in terms of student loans; however, the
following are the Best Student Loan Options: Subsidized Stafford Loan, Unsubsidized
Stafford Loan, Federal Perkins Loan, Federal PLUS loan for parents, Direct PLUS loans,
Federal consolidation loan, Federal Nursing Loan, Federal Insured Student Loan,
Health Professions Student Loans, Private student loans.
A student loan is an unsecured loan made by lenders that receive government underwriting
assistance. Without this government assistance, student loans would not be
very practical. Lenders would find other more profitable arenas in which
to loan their money. Nobody would be able to get a low interest student loan –
without the help of a parent with a substantial financial history and reasonable
means. Like any government sponsored program, there are rules and regulations.
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