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Here are the finest resources for
higher education student loans
All About 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 and red tape to deal with. In the case of student loan red tape, it all begins with a financial aid form called the FAFSA (Free Application for Federal Student Aid).
This form establishes the students eligibility (or ineligibility) for all manner of student loan assistance, including low interest loans. This form can be filled out and submitted as a regular paper form, or it can be filled out and tracked online (much easier). The guidance office at your High School is likely to have a pile of these forms. Libraries and College Admissions offices are other places to look for the paper version of the form. If all else fails and you really want the paper version of the FAFSA, you can get one by calling 1-800-4-FED-AID.
Most people find it more convenient to simply log on to www.fafsa.ed.gov and submit the form electronically. By doing it this way you also automatically get a way to look in on the status of your application. Supposedly, doing the form online can make the process from one to two weeks faster than submitting the paper form. Either way, you will find that the form is relatively easy to fill out, and typically will require much of the same information that would be included in the parents tax returns.
Student loans are also available to those who turn out to be ineligible for the regular unsecured low interest student loans. These other loans are normally called Parent Plus loans or private alternative loans, or just alternative loans. These are basically loans made with a co-signature from the parents. In effect its no different from a young person buying a car with a parents co-signature. Both the student and the parents are on the hook for repayment of the loan.
Because of the government regulation involved with the unsecured student loans, this is one of the few types of loans that do not require a whole lot of shopping around. There is not a lot of variability in the interest rates and other features of the government sponsored loans. The same is not true for the Parent Plus loans or private alternative loans. With those you do need to shop around.
So the first step is really to fill out a FAFSA form well in advance of the time tuition is due and use that to start your quest for college money. This will help you to determine what kind of student loans you are eligible for and assist you greatly in your loan shopping.
You can learn more about your options and see offers from some alternative loan student loan lenders at my website - http://www.creditcards-and-loans.com/student-loans.html
About the Author
Jeff Pritchard is a webmaster with several informative websites and primary author of the new website www.creditcards-and-loans.com. This site is a supermarket for all types of credit and loans. You can learn about the options and differences between various kinds of loans and find all the best and latest loan offers
More Useful Resource and Updates on higher education student loans
- Consider consolidating student loans (The Springfield News-Leader)
When college alumni show up for homecoming weekend and hold forth about how much better things were when they were in school, it's usually the beer talking. But graduates who boast about the great deals they got on their federal student loans probably aren't exaggerating. As recently as three years ago, savvy borrowers who consolidated their loans were able to lock in rates as low as 2.88 percent.
- MU Board seeks more information (The Huntington Herald-Dispatch)
HUNTINGTON -- The Marshall University Board of Governors has asked its administrators to gather more information regarding proposals to purchase the University Heights Apartments property. Two organizations -- Prestera Center mental health services provider and the Cabell County Board of Education -- made formal offers for the property on Friday. The Board of Governors wants to hear a report at ...
- MU Board of Governors wants more information before deciding property deal (The Huntington Herald-Dispatch)
The Marshall University Board of Governors has requested that university administration gather more information regarding proposals from Prestera Center and the Cabell County Board of Education, two entities that made formal Friday offers for the University Heights Apartments property.
- Die, Student Loan, Die! (The Motley Fool via Yahoo! News)
Make fun of the so-called "professional students" all you want. You know, the ones who, unlike the TAs, remember the original Dukes of Hazzard TV show. But would you be in a huge hurry to check out of the ivory tower and into debtors' prison?
- TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend (PR Newswire via Yahoo! Finance)
Reported diluted earnings per share were $1.21, compared with
- Schnurman: Borrowing from your 401(k) can be smart, not crazy (Fort Worth Star-Telegram)
The key is being savvy and disciplined.
- Colleges, trade schools feel the pinch as lenders quit or restrict school loans (St. Louis Business Journal)
Mildred Elley is losing 60 to 70 recruits a year who fail to qualify for loans, as banks and other lenders continue to tighten standards and abandon the education funding business.
- The Student Loan People
... Higher Education Student Loan Corporation, also known as The Student Loan People, ... Future. We have the lowest cost student loans around, and I bet we have ...
- DfES Higher Education Gateway
... student or any other aspect of higher education you'll need as a ... Apply online for student loans and grants, and get comprehensive information on ...
- Lewisham Council - Higher education - student loan
Information on financial support available to students in higher education ... for Education and Skills (DfES) to process claims for student loans from ...
- SFA - Michigan Higher Education Student Loan Authority
Student Financial Aid - The Michigan Higher Education Student Loan Authority and ... federal loans through the Michigan Higher Education Student Loan Authority, a ...
- Welcome to the Missouri Department of Higher Education Website (MDHE)
Coordinating Board for Higher Education, including the state university system ... all its contents copyright © 2007, Missouri Department of Higher Education ...
- DfES, Student Support
Higher Education Student Support ... could qualify for, and apply online for student loans and grants, on the Directgov website. ...
- Oklahoma Higher Education - Student Center - Financial Aid - Loans
... Center provided by the Oklahoma State Regents for Higher Education ... may borrow a PLUS loan to help pay for a dependent student's cost of education. ...
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