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Which is better, the federal or private education loan?

January 02,2011 by: Maxim Thomas

You know that you could climb higher in life if you have obtained a college degree or higher education level. If you are equipped with the right knowledge and excellent skills needed in your chosen career, then you have a higher chance of getting promoted and attaining your dream job. Indeed your education will be one of your best weapons against the stiff competition for jobs which is experienced nowadays. However you must also be aware that college education will cost you a serious amount of money. If you are not financially prepared to handle your tuition fee and related … (more) January 2, 2011

Where can I apply for Private Student Loans?

December 20,2010 by: Maxim Thomas

Aside from federal financial aid for students, private student loans are made available by private lenders for students to take advantage of. Students can choose from an array of lenders that are trustworthy and a variety of student loans that fits their academic position.  What are Private Student Loans?  Private student loans are owned by private companies. The funds that will be released for these loans are the company’s profits unlike federal student loans that get the loan money from government funds. Private student loans are used for funding educational expenses.  Where can I apply for Private Student Loans?  The … (more) December 20, 2010

What are the most favorable conditions for private student loans?

November 15,2010 by: Maxim Thomas

Loans come in a number of different variants. Depending on what exactly interests you, it might be quite important to check out all the different options and then decide on the one that is most favorable for you. This can be quite tricky, if you aren’t quite sure about what you ought to be looking for. Taking the different things into perspective, you might probably be in a better position to go in for the right kind of loan and perhaps stick with that. One of the loans that you might perhaps be interested in considering would be the private … (more) November 15, 2010

What is a private student loan?

October 22,2010 by: Maxim Thomas

Yes, college education is expensive, and yes, you can afford it. As long as you are willing to get that degree that you want, and you are determined in finishing your college education then you will get that degree. So, if your problem is how you would be able to afford college fees, well, there are many ways. Aside from applying for a grant or scholarship, high college fees could be reached through educational loans. There are a lot of educational loans that are offered not just by banks, but also by the government and by the school itself. However, … (more) October 22, 2010

Can my child be held responsible for my PLUS loan after he graduates?

October 21,2010 by: Maxim Thomas

The only answer to this question is, no. A PLUS loan or a Parent Loan for Undergraduate Students is only offered to parents who would want to help their children pay for their college education finances. The PLUS loan is used when an undergraduate student’s financial aid is not enough to cover the whole college fees the he or she must pay for. In this event, the parent could get a loan from either the government or any other non government institutions. So, the answer is no, the parent could not transfer the PLUS loan to his or her child … (more) October 21, 2010