Student Loans

A sound education is a prime pre-requisite for a promising career of any student. But it comes at a significant cost, a cost that most students or their families cannot afford. Student loans are therefore a very important facility for many students.
Students are usually funded by financial institutions, charitable institutions or scholarships etc. Student loans are the financial assistance provided to students on a repayable basis. Whereas student grants are provided to those students seeking admissions for higher or professional education, which requires a lump sum investment. Student’s loans come with lower interest rates than other types of credit available to students.
In the US there are two main types of student loans, federal loans and private student loans. The federal loans may be directly provided to the students or handed to the parents by the US government as governed by the higher education act. These federal loans in the United States are also known as Stafford loans or Direct loans. They are repayable after student graduation, but the size of student loan offered to the student is limited. When the parents actually receive the loan rather than the student directly, a larger amount is available.
If you are a student looking for a student loan to fund your pending education, click here on the apply for student loans online link.
Private student loans are paid either to the parents or students, and the amount that is paid is higher and the payment is made only after graduation. To read more about private student loans click on the link.
If you already have more than one student loan, you can Consolidate Student Loans online. To read about your student loan consolidation options click on the link above.
If you are specifically looking for Federal Loan Consolidation click here.
If you are a prospective student or current student looking to borrow via student loans, you can calculate how much you can afford to borrow and repay using online Student Loan Calculators. For more details click on the link.
Finally, if you are a prospective student in the UK you can read all about the rules, limits and eligibilty on our detailed Student Loans UK page.

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