Assessor Links USA
a State by State guide to Tax Assessor Websites and More

Assessor Links USA
a State by State guide to Tax Assessor Websites and More

Assessor Links USA
a State by State guide to Tax Assessor Websites and More

Assessor Links USA
a State by State guide to Tax Assessor Websites and More

Assessor Links USA
a State by State guide to Tax Assessor Websites and More

Assessor Links USA
a State by State guide to Tax Assessor Websites and More

To Home Page

 

Student Loans – A Simple Guide
 by: Lucy Bartlett

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.

 

About The Author

Lucy Bartlett is a proud contributing author. Find more articles at http://consumerresourcesportal.info/ For more info visit http://loanresourceonline.info/ or http://loanresourceonline.info/student-loans.php

 

This article was posted on August 28, 2006

Disclaimer: The information presented and opinions expressed herein are those of the authors
and do not necessarily represent the views of the publishers of Assessor Links USA.

What's your
Career Outlook?
Research over
80 top professions

NEW!
Business Records Lookup
UCC Records Lookup
Financial News Center

Back to U.S. Banks Directory
State Banking Associations
State Banking Boards




              To report a broken link or to suggest a new site for our online resource guide, please Contact Us.
Proquantum Corporation.
Copyright @ 2004-2014
Use of this website is expressly subject to the various
terms and conditions set forth in our

       User Agreement/Disclaimer  and Privacy Policy

              To report a broken link or to suggest a new site for our online resource guide, please Contact Us.
Proquantum Corporation.
Copyright @ 2004-2014
Use of this website is expressly subject to the various
terms and conditions set forth in our

       User Agreement/Disclaimer  and Privacy Policy

              To report a broken link or to suggest a new site for our online resource guide, please Contact Us.
Proquantum Corporation.
Copyright @ 2004-2014
Use of this website is expressly subject to the various
terms and conditions set forth in our

       User Agreement/Disclaimer  and Privacy Policy

              To report a broken link or to suggest a new site for our online resource guide, please Contact Us.
Proquantum Corporation.
Copyright @ 2004-2014
Use of this website is expressly subject to the various
terms and conditions set forth in our

       User Agreement/Disclaimer  and Privacy Policy

              To report a broken link or to suggest a new site for our online resource guide, please Contact Us.
Proquantum Corporation.
Copyright @ 2004-2017
Use of this website is expressly subject to the various
terms and conditions set forth in our


User Agreement/Disclaimer and Privacy Policy



To report a broken link or to suggest a new site for our online resource guide, please Contact Us.

Proquantum Corporation.
Copyright @ 2004-2017
Use of this website is expressly subject to the various
terms and conditions set forth in our

User Agreement/Disclaimer and Privacy Policy

Other Proquantum sites:

Health Guide USA

All Things Political    Doomsday Guide

Juggling Cats     Engineers Guide USA