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How do my parents get a Direct PLUS Loan

AuthorSally Croft DateAugust 26th, 2008 Comments28 Comments

About 80% of all higher education students receive some form of financial aid, the majority end up with some amount of Student Loan. There are so many different type of loans to choose from (Federal, Private, Subsidized, Unsubsidized, Student, Parent, etc) that you need to know which is right for your situation. In the case of parent loans, you can look at the Direct PLUS program. This is a great program for parents who want to assist in paying for

StudentLoanBlog Poll 1- Why Students take more on Student Loans than required?

AuthorSally Croft DateAugust 25th, 2008 Comments9 Comments

So, all my fellow readers out there…I bring you the final results for the July/August Student Loan Poll which asked you “Students borrow more on Student Loan than required – Is that true?’ The results were as expected, 76% voters were in favor while 24% did not agree to it. I bring you this post to justify the results…. What are these Student Loans? Growing cost of education makes it impossible to fund the expenses out of savings. Hence students

Citibank Student Loan

AuthorSally Croft DateAugust 18th, 2008 Comments9 Comments

Are you looking for a Student Loan offered by Citibank? If yes, go ahead and have a glimpse of it. Benefits While it is obvious that any student would opt for a Federal Loan given the advantages, still you need an additional support for the shortfall in federal funding. This is when Citi Bank presents a private student loan offer. Your needs varying from books, students and school related expenses are covered under this loan. You stand to gain on

What are the Features of the Federal School Loan?

AuthorSally Croft DateAugust 18th, 2008 Comments1 Comment

Federal School Loans These are study loans offered directly by the government or by way of guarantee on loans offered by private lenders to students for financing their educational needs. These loans are more beneficial than other alternative source of finance namely private loans. Types of Federal School Loans Federal School Loans are of two types namely Federal Family Education Loan (FFEL) program:These loans are offered by private lender institutions, guaranteed by guarantors and reinsured by the government. Following are

Types of Financial Aid: Know your options

AuthorSally Croft DateAugust 12th, 2008 Comments1 Comment

Financial aid has become indispensable to anyone applying for a school/ college education in today’s world. The main reason for this is the escalating cost of education. You need money not only for the tuition and exam fees but also for meeting the cost of books, food, boarding and much more. So, you require lots of cash and it would be better if you look at various avenues to gather the same. There are so many perplexing options available for

Exorbitant Interest Rates on Student Loans – Students opting out?

AuthorSally Croft DateAugust 5th, 2008 Comments1 Comment

Are you in search of loans for funding your education? A support for financing your education comes in various forms namely, scholarships, financial aid and loans. Various scholarship schemes are available to students to meet the cost of education. But to qualify for these scholarships you either have to maintain an excellent academic record or be proficient in some other field such as sports, art, craft and such other talents such scholarships may prescribe. Well, you do not have any