GRACE PERIOD A period of time--usually lasting six months after you leave college--when many student loans don't require repayment. On a 30-year deal, you might pay 6.36 percent. Worst of all, a defaulted student loan can haunt you later, because it will be recorded as part of your credit history for a minimum of seven years. New borrowers may be eligible for federal aid if you decide to return to school until the loan is paid in full, says Lori Bloomberg, assistant vice president for the U.S. Bank Student Banking Division. These terms are specified in a promissory note, a legal document that binds you to make regular payments. A three-year or five-year hybrid might charge 0.25 percentage points less than a 30-year fixed. But why open yourself to the risk of rising rates for such a small monthly.
College loans
Investigation Finds Doctors Who Don't Pay Back Loans
NewsNet 5 - I had college loans when I was in college. I had loans from law school I paid back. I took responsibility for my actions." The 5 On Your Side investigation found $630 million nationwide that was never paid back, 21 of whom are doctors and dentists in ... Read more...
1. Saving for your own retirement is more important than saving for ...
CNN Money - The approval process for college loans is more lenient than for other loans. Late payments on your credit record aren't automatic grounds for refusal of a college loan. 9. Lenders can be flexible when it's time to repay. There are still ways to cut ... Read more...
College loans
Archived - Student Guide 2002-2003, Federal Perkins Loans
Low-interest, federally backed loans for both undergraduate and graduate students with financial need.
Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan Consolidation
Provider of federally guaranteed student loans originated under the Federal Family Education Loan Program.Sallie Mae offers comprehensive information and resources to assist students, parents, and guidance professionals with the financial aid process.
eStudentLoan.com - Compare Student Loans and Apply Online!
Offers comparisons of alternative student loans, scholarship search, financial aid information, and more.
William D. Ford Direct Loan Program
One of the Federal Student Aid (FSA) programs provided by the Department of Education that provides students with a way to borrow money to pay for education after high school.
Stafford Loans
Offering subsidized and unsubsidized student loans.
National Student Loan Data System (NSLDS)
NSLDS provides a centralized, integrated view of Title IV loans and Pell grants that are tracked through their entire cycle; from aid approval through closure..Department of Education's central database for student aid.It receives data from schools, agencies that guaranty loans, the Direct Loan program, the Pell Grant program, and other U.S.U.S.Department of Education programs
FAFSA - Free Application for Federal Student Aid
Includes an online submission form with necessary documents, deadlines, eligibility, and general student aid information for college students..Official site for the Department of Education Free Application for Federal Student Aid (FAFSA)
PLUS Loans
Federal loans for parents with good credit histories.
Student Loans, Student Loan Consolidation - Consolidate College Loans with NextStudent
Offering student loans, federal student loan consolidation services, scholarship search engine, and information about FAFSA, Stafford loans, and Federal PLUS loans.
Private Student Loans, Private College Loans and Private Loan Consolidation
Private Student Loans: Up to $40,000 Yearly.No Credit, No App Fees, No Payments till After Graduation- College Money to You Fast (877) 680-9879