It's easy to think now that a $200-a-month payment won't be a big deal, says Hilmer, but those payments can take a big chunk out of your monthly income. First, the interest only loan, where you're paying the interest but not reducing the debt itself. Keep in mind that every dollar you borrow must be repaid--with interest--which can really add up over a long repayment term. But the tooth fairy has been missing in action for more than a year. Two types of mortgages need special attention. 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. GRACE PERIOD A period of time--usually lasting six months after you leave college--when many student loans don't require.
Education loan
Latest payday-loan bills focus on more education, oversight
Seattle Times - OLYMPIA — Two state lawmakers who once sparred over payday-lending legislation are now working together on a more measured approach to regulating the industry. State Reps. Sherry Appleton and Steve Kirby are co-sponsoring bills that would create ... Read more...
Fitch Rates SLM Student Loan Trust 2007-2 Issue
Forbes - The ratings are based on the quality of Federal Family Education Loan Program (FFELP) student loan portfolio, the quality of the servicing provided by Sallie Mae Inc., rated 'ABPS/S1', the transaction's legal structure and level of credit enhancement ... Read more...
Education loan
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.
Direct Loan Home Page
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 for Students
It receives data from schools, agencies that guaranty loans, the Direct Loan program, the Pell Grant program, and other U.S.Department of Education's central database for student aid.Department of Education programs.U.S. 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.
FAFSA - Free Application for Federal Student Aid
Official site for the Department of Education Free Application for Federal Student Aid (FAFSA).Includes an online submission form with necessary documents, deadlines, eligibility, and general student aid information for college students.
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.
Student Loan Consolidation and Federal Consolidation Loans - Consolidate Student Loans with NextStudent.com
Offering federal and private student loan consolidation services.