Without getting some kind of education after high school your chances of getting a good job or making a decent wage decrease dramatically.
The student loan market is massive and keeps on getting bigger every year.
Part of this is due to the rising costs of college tuition and part is due to the number of people attending college.
Grants and scholarships are great resources, since money received does not require repayment, but they don’t always cover the comprehensive costs of your student’s academic program. The government invests in society’s future by underwriting educational loans that are offered at interest rates well-below market standards.
Beyond gift aid, the next best forms of assistance are low-interest fixed-rate student loans provided by the U. Flexible repayment terms and no credit check requirements make Federal Direct Loans the most attractive options for student who qualify. Ford Direct Loan Program offers additional financial aid solutions for parents who want to carry some of the debt load associated with a child’s education, or graduate students who have achieved independent financial status.
Student loan consolidation or refinancing can be a great tool to use for those looking to save on, or simplify, their monthly payments, but going that route can also have serious consequences if not approached carefully – there are even student loan consolidations scams to be aware of.
That’s why we created this guide – to give borrowers a useful resource that empowers them to choose if student loan consolidation is right for them and which type may best suit their needs.
The last section is dedicated to identifying the best private consolidation loans for those with a few different financial profiles.
There are two types of consolidation loans: federal and private, and they each come with distinct advantages and drawbacks.
Adverse credit entries may eliminate some applicants from consideration.
Students enrolled at least half-time are eligible for PLUS loans up to the amount owed that is not covered by other aid.
Student loan debt is a grave concern in modern America.