There are two types of Private loans. They are :
school-channel
School-channel loans offer borrowers lower interest rates but generally take longer to process. School-channel loans are ‘certified’ by the school, which means the school signs off on the borrowing amount, and the funds for school-channel loans are disbursed directly to the school.
direct-to-consumer.
Direct-to-consumer private loans [...]
Written on July 28, 2008 | Posted in
Student Loans |
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Planning to take private student loans? Here is some information for you.
The private student loans are not guaranteed by a government agency and are made to students by banks or finance companies.
Advocates of private student loans suggest that they combine the best elements of the different government loans into one. They generally offer higher [...]
Written on July 26, 2008 | Posted in
Student Loans |
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Usually these are PLUS loans (formerly standing for "Parent Loan for Undergraduate Students"). Unlike loans made to students, parents can borrow much more — usually enough to cover any gap in the cost of education. However, there is no grace period: Payments start immediately.
Parents should be aware that THEY are responsible for repayment on these [...]
Written on July 24, 2008 | Posted in
Student Loans |
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Federal student loans in the United States are authorized under Title IV of the Higher Education Act as amended.
These loans are available to college and university students via funds disbursed directly to the school and are used to supplement personal and family resources, scholarships, grants, and work-study. They may be subsidized by the U.S. Government [...]
Written on July 22, 2008 | Posted in
Student Loans |
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