Archive for the ‘Private Student Loans’ Category
Make sure you know all the terms for borrowing on a private student loan prior to accepting thousands of dollars from your bank. Understand the plan of repayment, the way interest accrues, and any fees associated with the loan.
When used correctly, private or alternative student loans can provide a practical and reasonable financial bridge between what you have combined in federal funds and personal savings and what you have calculated to be the final cost of your college education.
College Loans for the Best Rate – Private Student Loans, USA
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Chase Student Loans: Private Student Loans – College Student Loan
Private student loans are a remarkable departure from the federal suite of loan products. Federal loans are low-interest, very affordable financial tools specifically designed to give American students the easiest access to higher education. Private loans, on the other hand, have been criticized for their variable interest rates, that can turn as ludicrous as the worst credit card rates, and their shockingly high loan limits.
- These are credit-based loans. If you have poor credit or no credit chances are likely you will have to find a co-signor in order to borrow.
- Variable interest rates could put you at the mercy of a fickle industry.
- Feature no grace periods: you are required to begin loan repayment as soon as funds are disbursed.
- May be packaged with hidden borrower fees.
- Often require a minimum loan amount.
How Private Loans Work – Private Student Loans
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Discover Student Loans – Certified Private Loans for College Students
Given the fact that almost every private bank and student loan lender offers its own brand of private student loan, there is no good reason to be hasty when choosing a lender or product. You’ll quickly discover a wide array of private loan options, products designed for particular types of students, different interest rates, loan limits, borrower fees, and repayment terms. Consider all of these components before you choose a lender.
Examples of private banks that lend private loans include Bank of America and Citibank.
Examples of student loan lenders that include private loans as key components in their suite of products: Sallie Mae and Nellie Mae.
Choosing a Private Loan Lender – Private Student Loans – USA
Sallie Mae: Private Student Loans, Federal Student Loans, Private …
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A Reasonable Strategy for Financing Private Student Loans
Private student loans, interchangeably called alternative student loans, should be used to complement your college financing strategy.
Exhaust your federal student loan options first, before you even consider the chances that you may need private loans to augment your education. An unfortunate trend in student debt is the rapid increase in high cost private loans:
Statistic: In academic year 2004-2005 students borrowed 30% more in private student loan funds than they had just the previous year. 1
Remember this rule: squeeze every nickel you can from your Federal student loans first.
You’ve exhausted your federal student loan options and received any scholarship and grant monies. Now you may cautiously consider how a private student loan could be used to optimize your student financial package.
Student Loans through Banks – Private Student Loans – USA
Have Bad Credit Scores? Apply Today for a Low Interest Student Loan!
Student Loans Requiring No Credit Check
After college, when you’re out in the real world, and the bills begin piling up, continue to nurture your credit record. At the first sign of repayment woes, talk to your lender about a student consolidation loan.
We’ve given you some proven ways to overcome bad credit, work toward continuous improvement, and get the money you need to make college a reality.
Keep Your Credit History Ship-Shape – Private Student Loans – USA
Private Bad Credit Student Loans ~ GoCollege.com
YouTube – BaDcreditLoan73’s Channel
Good news: Bad credit, or no credit, is not a legitimate obstacle to a college education
You may have to work a little bit harder to secure the financing, but you should never let bad credit stand in your way to an education.
Federal Student Loans: Perfect Bad Credit Loans
The federal student loans—Direct of FFEL–are hands down your first strategy when you must overcome bad credit. The subsidized and unsubsidized Stafford Loans may be utilized to your advantage in a number of ways. First these are the single most popular student loans and require no credit check at all to qualify for funds. The only federal loans that require a credit check are the Parent and Grad PLUS Loans—both non-need-based loans.
- Dependent students with high financial need may qualify for Stafford Loan limits that increase with each year of study.
- Independent students may receive almost double the financial amount as dependents.
- Parents, been turned down for a PLUS Loan based on credit? You could be a benefit to your child—he or she could be approved for much more in Stafford Loan funds.
- Grad students and adult professionals may qualify for over $20,000 each year in low-interest Stafford Loans, without any credit check.
Bad credit, or no credit- Private Student Loans – USA
Student Loans, Bad Credit Student Loans, Students Loan
Private Student Loans in USA – Your Options Outlined | BadCredit’s …
Credit, good or bad, is a reality when it comes time to plan your financial aid and student loan strategy.
Common myths about college students and credit:
- All students that go in search of student loans are fresh out of high school—just plain wrong. A growing population of students is well past high school, many working on second and third degrees, and professionals that return to school for career-related courses. All may qualify for student loans.
- Students have no credit history—again, wrong. Any student that has had a job and paid any type of bill or credit card has a credit history. Alternatively plenty of younger students could be affected by their credit history because they, ironically, have little to reflect their financial situation or attitudes. Adult students usually have plenty of credit history from which to draw conclusions, good or bad.
- Students must rely on parents’ credit—again any student, young or old with enough good credit can qualify themselves.
- Parents have good credit—really wrong. While some parents have good credit it’s really a mistake to assume that all do. Plenty of parents have poor and bad credit, making them totally inappropriate choices for co-signors or co-borrowers.
Alternative Financing With Bad Credit Student Loans – USA
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Student Loans, Bad Credit Student Loans, Students Loan
Sallie Mae®, the nation’s leading provider of student loans and administrator of college savings plans, has helped millions of Americans achieve their dream of a higher education. The company primarily provides federal and private student loans for undergraduate and graduate students and their parents.
In addition, Sallie Mae offers comprehensive information and resources to assist students, parents, and guidance professionals with the financial aid process. Sallie Mae owns or manages student loans for 10 million customers and through its Upromise affiliates, the company also manages more than $17.5 billion in 529 college-savings plans, and is a major, private source of college funding contributions in America with 10 million members and $450 million in member rewards. Sallie Mae employs approximately 8,000 individuals at offices nationwide.
Private Student Loans – Sallie Mae, USA
Toll free: (888) 2-SALLIE (888-272-5543)
TDD: (888) TDD-SLMA (888-833-7562)
International: 001 (888) 272-5543
If you can’t dial toll-free numbers from your location, please call (850) 767-7471.
Business hours are Monday–Thursday, 7:00 a.m.–8:00 p.m. Central time; Friday, 7:00 a.m.–7:00 p.m. Central time.
Fax: (800) 848-1949. Please include a cover sheet with your name and account number.
Mail loan payments to:
Sallie Mae, Inc.
P.O. Box 9532
Wilkes-Barre, PA 18773-9532
Cosigners: Please send your payments to:
Sallie Mae, Inc.
P.O. Box 9555
Wilkes-Barre, PA 18773-9555
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Student Loan Consolidation 