Archive for the ‘college-and-university’ Category
Plus Loans From Nextstudent Available for Fall Semester and During the Year
FINAL Informal Article
08/09/06
477 words
Plus Loans from NextStudent Available For Fall Semester and During the Year
The fall semester at college is just about to begin, and many parents wonder if they are in a position to help their children with their education costs. College funding is still available, now and throughout the year, for parents who take out a PLUS Loan – Parent Loans for Undergraduate Students, according to NextStudent, the premier education funding company based in Phoenix.
NextStudent offers PLUS Loans with rates as low as 6.25 percent along with benefits, including a 2 percent rate reduction following the first 48 months of on-time payments, and an additional .25 percent rate reduction when parent borrowers repay with Auto Debit. Read the rest of this entry »
No CommentsNextStudent’s Graduate Plus Student Loans Help Students Attain an Even Higher Education
NextStudent’s Graduate Plus Student Loans Help Students Attain an Even Higher Education
For college students who desire to attend graduate school but do not think it is in their financial reach, there is an alternative. Students can easily actualize their goals through a program that features the benefits of a parent student loan but funding that is distributed directly to the student, according to NextStudent, the Phoenix-based premier education funding company.
NextStudent’s Federal Graduate PLUS Student Loans (http://www.nextstudent.com) are convenient and manageable and start with rates as low as 8.5 percent. In addition, the program also offers additional incentives such as aggressive rebates.
Graduate Plus Loans Cover the Cost
Student borrowers looking to attend graduate school will find that the Graduate Plus Loan could Read the rest of this entry »
No CommentsRepairing a Defaulted Federal Student Loan
REPAIRING A DEFAULTED STUDENT LOAN
Oops, you haven’t made your federal Stafford, PLUS or Graduate PLUS loan payment in 270 days and your loan has defaulted. How to you get out of this one?
Having a defaulted Stafford, PLUS or Graduate PLUS loan on your credit report will cost you dearly in the long run. The bad mark will mean higher interest rates and credit denials until it is cleared, a minimum of 7 years. Even if you pay the loan in full it will still be marked as defaulted. There is only one way out of this predicament – loan rehabilitation.
It’s easier than you think! By contacting your lender and making arrangements for repayment you Read the rest of this entry »
No CommentsWith College Come Financial Responsibilities
Between homework, tests, class schedules, a part-time job, and the pressure to maintain acceptable grades, college thrusts students into a world of increased responsibilities. And financial responsibility, the one that could most affect you in the long run, often gets lost in the crazy shuffle of your college life.
Credit card companies bombard you with irresistible offers. Your student loans seem to involve pages and pages of complicated rules and restrictions. All you know is you don’t need to pay them off right now, while you’re still in school.
Unfortunately, when you’re not familiar with the responsibilities that come with being a student loan borrower or aware of the Read the rest of this entry »
No CommentsTuition Reimbursement – Ten Things You Need To Know, Plus One Extra
Thinking about using your company tuition reimbursement plan? What a great way to get money for college. Below I have written up the basic parts of a company tuition benefit. Take a look to learn the good and not so good points you need.
1. The Benefit
A tuition reimbursement benefit pays for you work on an advanced education, like college classes to further your education. Companies offer these plans to help you gain an education, and to help themselves keep good employees. Also, companies then benefit from the education in terms of better productivity, new ideas, marketing, and even tax write-offs.
Each plan has a little something different. The term tuition reimbursement refers to a plan where Read the rest of this entry »
No CommentsStafford Loans for Your College Funding
The Most Widely Used Loan For College Students.
Stafford loans are low-interest, federally guaranteed student loans available to both eligible undergraduate and graduate students for tuition and other school-related expenses. Stafford Loans are an affordable loan option available for most students to pay for college. Stafford Loans are the most widely used, low-cost education loans available from the United States Federal government.
Stafford Loans are widely used and low cost!
Stafford Loans are available to students either directly from the United States Department of Education through the Federal Direct Student Loan Program (FDSLP, also known as Direct) or from a financial intermediary (such as Chase, Sallie Mae or Student Loan Corp). Stafford loans are given to students Read the rest of this entry »
Defaulted Student Loans – Part 1
Once you have left school and your federal student loans are in repayment it is important to make your payments on time. Some students and parents get behind on their Stafford loan, PLUS loan or Graduate PLUS loan payments, feel overwhelmed, and before you know it you haven’t made a payment in 270 days and your loans have gone into default. Your lender must make an aggressive effort to collect but if that fails your loan is turned over to the guarantor. Now it starts getting expensive.
The guarantor has several options at their disposal for collecting your loan payments
• US treasury offset – your federal and state income tax refunds may be garnished.
• Turn the loan over Read the rest of this entry »
No CommentsPlus Loans May Help Parents Offset College Costs
By now, undergraduates are making their final preparations for school: deciding on class schedules, arranging housing and finalizing financial aid awards. While some lucky students have received enough aid and grants to see them through the semester or maybe even the school year, others may be taking on additional work hours to help pay for their college expenses.
Some undergraduate students who have already used all their available resources like grants, student loans, scholarships and federal work-study may still find themselves falling short on their college expenses. These students may want to ask mom or dad to consider taking out a credit-based Federal Parent Loan for Undergraduate Students, Read the rest of this entry »
No CommentsHow Student Plus Loans May be Used to Close the Gap in Education Funding
With the increasing cost of education in recent years students who have relied on traditional Stafford loans have frequently discovered that they fail to cover most of their expenses. The PLUS program (Parent Loans for Undergraduate Students) was therefore introduced and is intended to assist in closing the gap between the funds available from college loans and the actual cost of education.
Despite the fact that the interest rate is higher than other loans the limit on borrowing is a great deal more flexible and the loans are not need-based.
For the FFEL program (Federal Family Education Loan) in which funds are provided by private lenders the interest rate is presently 8.5% and loans provided by the US Read the rest of this entry »
No CommentsThe William D Ford Direct Student Loan Program
The Direct student loan program started approximately 15 years ago and was intended to cut out the middle man so that, instead of involving banks, credit unions and other private lenders, the Federal government loans the money directly to students and parents.
Direct loan programs overlap the alternative which is called the FFELP, or Federal Family Education Loan Program, which is a program designed to work through a network of private lenders. Since direct loan programs duplicate in many ways the FFEL programs, it is important to decide which program you want. Both programs offer both Stafford and PLUS loans.
The criteria for eligibility on both programs is the same and they follow identical need based guidelines, or Read the rest of this entry »
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