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The two faces of private student loans

May 02,2011 by: Dallas Browne

Not all can be lucky enough to pursue their ambition of higher studies without additional resources to fund them. There are many resources you can count on to supplement you as you work towards your dream and private student loans are one such option. The private student loans provide various benefits as listed below. Bridge the gap You do have Federal educational loans and scholarships coming to your rescue but there is a limit till which they can be claimed. If you have to provide for other facilities like your hostel expenses, extra studies and so on, this … (more) May 2, 2011

Private student loans and the benefits offered

April 02,2011 by: Dallas Browne

In an age where there are grants, federal aids and even scholarships, private student loans provide the flexibility and versatility that is required as far as financial assistance for education is concerned. Private student loans usually turn out to be the last resort for many students when they are struggling to make fee payments and the financial grants alone aren’t quite sufficient to take care of the tuition fees and college related expenses.  Factors that affect choice of private students’ loans  Interest rates are slightly higher for private loans compared to federal PLUS loans and Stafford loans which are offered … (more) April 2, 2011

Advantages and disadvantages of private student loans

February 14,2011 by: Dallas Browne

Need for private student loans In most of the cases, the terms and conditions for federal student loans are so strict that it becomes difficult to avail them. Even when availed these loans do not completely fulfill the financial needs of the student. With the growing cost of all educational programs, tuition fee, enrollment fee and also other needs like boarding, food and other expenses thinking to get higher education has become a dream for most of the students. Here the private lenders come to play a big role. Advantages of private student loans 1. These loans are … (more) February 14, 2011

Why private student loans make sense

January 28,2011 by: Dallas Browne

With so many different ways of getting funded, it is not uncommon to consider something that most people tend to forget about. In fact, you too should take into account all the different options out there so that you are able to get an accurate picture about your options and pick out the right one that you can go ahead and make use of. In many cases, this is something that you would ideally want to consider, since you would want to get the maximum value for your money and not spend more than you need. If this is your … (more) January 28, 2011

Difference between federal and private student loans

January 15,2011 by: Dallas Browne

Private student loan A private student loan is a financial option for pursuing further studies in United States. These loans can be taken as an add-on to the federal loan. In case a person does not meet the criteria’s for acquiring a federal loan, they can consider applying for private student loan. These loans are usually granted by private financial institutes or banks and the interest rates levied might vary from one bank to the other. These loans are not secured. The loans have various options for repayment and may offer clemency and deferral options. This is done only when … (more) January 15, 2011