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Student Loans

• Stafford Loans: Stafford loans are issued to students on a need basis. They are often subsidized by the federal government, and thus the interest does not apply until the time that loan begins to be repaid. These loans have a low, fixed interest rate.http://www.studentloannetwork.com/federal-student-loans/stafford-loan.php
• Perkins Loans: These loans are available to both graduate and undergraduate students who are able to demonstrate financial need. The interest rate is low and fixed, and the money is paid back to the educational institution instead of a bank or other lending institution.http://www.studentloannetwork.com/federal-student-loans/perkins.php
• PLUS Loans: These loans are typically given to the parents of students to help pay for their children's education. Credit will be checked, and a fixed interest rate of 7.9% applies.http://www.studentloannetwork.com/federal-student-loans/plus-loan.php

updated 2010-08-10 00:58:33

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Government Student Loans

The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.

updated 2010-07-28 18:06:27

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How To Get A Loan

When you are thinking about taking on new debt, the first thing to consider is how much money you need. It always makes sense to ask for more than you actually need as lenders will sometimes offer you at least 10% less than the amount you were asking for.

updated 2010-07-17 08:46:37

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How to Consolidate Student Loans

The content of this page is intended for general informational purposes only and is not a substitute for professional financial advice. Contact your loan administrator or financial aid counselor for more information.

updated 2010-07-17 08:25:48

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Helb Loan Application Form

HELB application forms are available on the helb.co.ke website under the section labeled "HELB Downloads." The official application form is titled "Disbursement Downloads." Loan applications vary depending on what level of schooling the applicant is pursuing.http://www.helb.co.ke/helb_loans_downloads_disb.html

updated 2012-04-27 21:55:45

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Minority Scholarships

The content in this page is not a substitute for professional financial advice. Please contact a finance professional before using the information presented here.

updated 2010-08-02 09:09:48

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How to Consolidate College Loans

Which Repayment Plan is Best?

The last step in the process is choosing which type of repayment plan you want to use. Read them carefully and decide which one is the best one for you.

Standard: This payment plan is set at a fixed interest rate and has a term of up to 10 years.

Extended: This is the same as standard except the term extends from 12 to 30 years.

Graduated: These payments start out small and increase over time as your income does. These payments are no less than 50% and no more than 150% of the standard payment. The term is from 12 to 30 years. Monthly payments are a minimum of $25, and at least the monthly interest owed. The first three options are the only options available for parent loans.

Income contingent: This option is open to Direct Loan consolidations only. The term is up to 25 years and any balance on the loan is discharged after the 25 year period. They are based on the income and the amount of debt of the individual. There is a $5 minimum repayment.

Income sensitive: These repayment plans are based on a term of 10 years and a percentage of 4% to 25% of the gross income of the individual.

Income Based: These repayment plans apply to Direct Loan and FFEL Program consolidations only. The payment is capped at 15% of discretionary income.www.finaid.org

Things to Consider before Consolidating:

There are some other things you ...

updated 2010-07-17 08:25:42

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How to Get a Student Loan Deferment

Interest does not accrue for subsidized loans during a deferment, but it interest does accrue on unsubsidized loans. Some lenders require interest to be paid on unsubsidized loans, but others will also defer the interest adding t to the balance due on the loan.

updated 2010-07-17 08:48:11

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How to Consolidate Debt in Canada

Now is really the time to sit down and make a budget that you can stick to. If you do not make the monthly payments on or before the due date, the ramifications are not in your favor. If you fall into financial difficulty and you are late making a payment, your current interest rate will skyrocket up so high that it could be almost impossible to pay.

If you used your home as collateral, you will definitely become homeless if you cannot make timely monthly payments toward the loan. So many people, when they find themselves with credit cards with a balance of $0.00, lose control and they come to their senses after a couple of shopping sprees. This is a really big mistake - now they have the loan payment as well as the same credit cards bills that helped to put them in a financial bind in the first place.http://www.lendingtree.com/debt-consolidation/advice/debt-consolidation/pros-cons-debt-consolidation/

Those are just a couple of the consequences of not being able to repay the loan. If you do decide to get the loan, you have to sit down and make a list of all of the ways you can cut back your spending. From this list, you can figure out exactly how much you can save every week and every month.

Here is an example of some of the items that may be on the list of expenses you can do without.

• Lunch - $10.00 per day=$50 ...

updated 2010-07-17 08:25:44

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