admin, Author at Student Loans

How To Receive Money From Lenders

Generally speaking, a federally subsidized or unsubsidized loan or private loan can be sent directly to the student, or sent to the student's school to be put in their account. Federal student loans have two distribution channels, both of which can cut a check directly to the borrower or the school. The channels have two names, and are funded differently: Federal Direct Student Loans (otherwise called Direct Loans, or FDLP) and Federal Family Education Loans (FFELP). […]

By admin|November 22nd, 2012|Types of Loans|0 Comments

Late Loan Payments

You found the perfect loan combination for your higher education costs. The federal government and private entities have been loaning people tuition money for so many decades now that the process can be smooth sailing. But you might be asking yourself, what happens if I’m late on a payment? Will there be financial penalties or even worse, criminal penalties? Will all my hard work be for naught? Will banks and the government forever dog me? […]

By admin|November 20th, 2012|Pay Off Student Loans|0 Comments

4 Student Loan Stories This Week Worth Reading

This week there are some helpful articles that have been written that cover topics about investing, date of graduation and other factors that all influence how your student loans will impact your life. I have had a busy week posting articles each day here as well as a couple guest posts. It has been a pleasure to read these student loan related articles… […]

By admin|November 16th, 2012|Weekly Resources|0 Comments

5 Repayment Options To Consider

Besides the total amount of your student loans, you’ll want to know what you can expect in terms of a repayment plan. This is one of the most important pieces of homework you should do when you decide to take out any educational loan. You might be tempted to push off thinking about repayment options – after all, they seem so far away in time – but the reality is, graduation day will arrive faster than you think, or you might be paying off some of the loan during school. […]

By admin|November 15th, 2012|Consolidation|0 Comments

Are You Eligible for an FSEOG Grant

Like other types of financial aid programs, the only people eligible for a FSEOG Grant are families that demonstrate strict financial need. Anyone who proves that they can afford college tuition is ineligible for the FSEOG and Pell Grants. Financial need takes into account a family's income, size, assets, as well as the cost of tuition. If the cost of tuition is well above the Expected Family Contribution, a FSEOG Grant will be awarded. […]

By admin|November 13th, 2012|Types of Loans|0 Comments

8 Student Loan Articles To Help Reduce Your Loan Burden

This week we have had a presidential election where the student loan crisis took a back seat to many other domestic and foreign issues. However, these finance writers provided us with some great articles… […]

By admin|November 9th, 2012|Weekly Resources|0 Comments

Who Needs Student Loans?

Who needs student loans? Conventional wisdom says anybody who needs money for school! Simple question, simple answer. But there are slightly different scenarios for needing the money from a student loan program to pay for school. Generally speaking, people who need a student loan are those who want to make an investment in themselves and their future, and have decided that it’s worth going into debt in order to have some financial payback and security farther down the road in his or her life. […]

By admin|November 8th, 2012|Applying for Loans|0 Comments

Student Loan ROI Calculator

This simple student loan ROI calculator is a tool for people looking to understand if going to school is the right financial decision. The calculation is pretty straightforward and shows the net present value (value of all future earnings in today's dollars) comparing if you go to school or not. […]

By admin|November 6th, 2012|Applying for Loans|0 Comments

Can Student Debt Consolidation Actually Help?

A debt consolidation loan can be a useful way to combine your debts and save money if you are paying off high-interest rate debt. By consolidating your debts into a loan with a lower interest rate, you can get great financial benefits. Done right, taking out a student debt consolidation loan can be a smart move. It can help you move your way out of debt. In addition, if you use a home equity loan or line of credit, the interest on a debt consolidation loan is usually tax deductible. (Be sure to check with your tax advisor.) Instead of having several credit card balances, you can combine them into one payment. Be careful, though. If you do take out a student debt consolidation loan, and then continue to run up credit card debt, you will be even worse off than you were before. […]

By admin|November 2nd, 2012|Consolidation|0 Comments

Bad Credit Student Loan Consolidation

When it comes to bad credit student loan consolidation, federal loan programs are, in most cases, the best way to go. Legitimate private lenders across the board, such as banks, require good credit from their borrowers in order to ensure competitive interest rates, and most private lenders will not even consider those borrowers who have a bad or no credit history. Unlike these private lenders, the government does not seek to turn a profit from their student loan consolidations and there are several federal loan consolidation programs that do not require credit history checks. […]

By admin|November 1st, 2012|Consolidation|0 Comments

Best Consolidation Companies

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