- All About Student Loans
- 10 Best Student Loan Options
- Government-Student-Loan-Consolidation.
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- Applying For a Student Loan
- Is A Student Loan Consolidation Right For You
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- Why Student Loans are Better Than Credit Cards
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- What Students and Parents MUST Know about Student Loans
- Are Student Loans Better Than Credit Cards
10 Best Student Loan Options? by: The
Student Loan Today Group
There are several different options available for students in terms of
student loans; however, following are the 10 Best Student Loan Options:
1. Subsidized Stafford Loan
2. Unsubsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS loan for parents
5. Direct PLUS loans
6. Federal consolidation loan
7. Federal Nursing Loan
8. Federal Insured Student Loan
9. Health Professions Student Loans
10. Private student loans
Let's take a closer look at more information regarding the 10 best
student loan options that anyone considering college student loans
should consider:
1) The Subsidized Stafford Loan is available for both graduate and
undergraduate study. While the student is in school, the interest on the
loan is paid by the federal government. This loan is need based, so not
all applicants may qualify.
2) 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.
3) 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.
4) 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.
5) Direct PLUS loan: this type of student loan is available to parents
and 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.
6) 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.
7) 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.
8) 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.
9) The Health Professions Student Loan provides long-term, low interest
loans to students pursuing degrees in dentistry, optometry, pharmacy,
veterinary medicine or podiatry.
10) 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.
For more in-debt information on the 10 best student loan options, and
many other student loan topics please visit http://www.student-loan-today.com.
The Student Loan Today offers insight into the various options students
have for student loans, aid, and student assistance. For more valuable
tips on this topic and much more visit http://www.student-loan-today.com.
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