Find the Best Student Loans that fits your needs. 1. Choose the loan you are looking for. 2. Select the lender that best for you 3. Get connected and Approved

How to Save a Million Dollars

Go Banking Rates has a
special calculator
to show you what it takes to
save $1,000,000.

Click Below
to see how you can
be a Millionaire

Go Banking Rate's Weekly Newsletter
Go Banking Rates
Receive a free financial newsletter with the latest rates, special offers and informative articles.
* Email Address:
First Name
Last Name
Your email will not be shared and you can opt-out of alerts at anytime

STUDENT LOANS » College Financing

Posted in Loans, Student Loans

You have always wanted the best for your child and it was a promise you made to pay for your daughter's education. Well the time is right around the corner and you are just beginning to research all the options out there to help get the financial resources organized. A Federal PLUS Loan may be just the ticket you need to pay for your offsprings higher education.

The Federal Parent PLUS Loan provides parents and guardians with the opportunity to borrow money at a low rate to help pay for their kids education. Only those with a good credit with a child attending an accredited American University plus with at least a half time enrollment status can apply to the program.

Federal PLUS Loans have low, fixed interest rates and are federally guaranteed. The amount to be borrowed can include all expenses such us tuition, room and board, and any other eligible school expenses. All a parent needs to apply is a good credit history. This loan requires no collateral to gain approval and the fixed rate interest (set at 8.5% since July, 2006) may be tax deductible.

Not only can undergrads take advantage of this program, but there is also a Graduate PLUS Loan for Grad Students. Graduate students can borrow this money directly and take advantage of the fixed interest rate, possible tax deduction and the backing federal guarantee.

Those wanting to take advantage of a Federal PLUS Loan to finance their tuition costs, need to fill out applications and submit them properly as well as possibly fill out some additional paperwork. Since this is a federal program, it may be required by the university that a FAFSA (Free Application for Financial Student Aid) be completed. The FAFSA may need to be "certified" (approved) by the college or university's financial aid office.


Posted in Loans, Student Loans

College has always been a dream of yours and after applying yourself you have decent enough grades and SAT scores to get into the university you wanted. However, for you managing your budget has not been a strong point and you are fearful that your credit score will prevent you from getting the student loan you need.

If your goal is solely to borrow money from a private institution, your credit score is certainly going to be an issue when qualifying for a loan. The banks will do a credit check on you to see if you have a credit history. However, if you're not experienced in this area don't be discouraged - there is a way to get around this.

Parents or guardians with good credit records can help you secure a loan by co-signing for you. When someone co-signs on a loan that person has the financial responsibility to pay for the loan if the main person defaults on the loan payment.

Not all student loans require a full credit check. The Federal Government offers loans to students that meet certain qualifications with low fixed interest rates. This money does require a decent credit history (usually for the previous three months) but a credit score doesn't really matter. However, the loan amounts are capped by Congress, and unfortunately will not cover the full amount of most four-year college programs. An additional private institution student loan may be necessary.

Students can also apply for a personal loan, where a credit history doesn't really matter as much. However, these loans have very high interest rates and closing fees.


Posted in Loans, Student Loans

You never really had the passion to attend a four-year college. It was not your desire to work in a suit, in an office, and watch quarterly numbers. You always fancied yourself a fashionista and loved playing dress up. Your goal has always been to attend beauty school and become a master of the...



Read Full Article: What is a Career or Technical Training Loan?

Posted in Loans, Student Loans

Life is filled with so many decisions. Starting with the innocent thought of, "What do I want to be when I grow up?" to "How am I going to pay for my college education?" can send your mind reeling. When it comes to finally securing a student loan , there are some considerations to mull before...



Read Full Article: What Factors are Important when Selecting a Student Loan?

Posted in Loans, Student Loans

Even since you were a baby, you have been pretty independent. You refused your mothers outreached hands and walked for the first time, just because you felt like it. As soon as you could, you got your first job and waived away your parents offer of an allowance and now you want to do the same...



Read Full Article: Do All Students Need a Co-Signer for Student Loans?

Posted in Loans, Student Loans

After years of putting your nose to the grindstone, working hard and targeting a path to higher education, the moment is coming around the corner. Your entire family has worked, scrimped and saved to finance your dream but there still isn't enough money in the kitty to fully pay off your tuition...



Read Full Article: Who Qualifies for a Student Loan?

Posted in Loans, Student Loans

Higher education is desired by many and an excellent way to help ensure higher earnings over the period of your professional career. The cost is extremely steep and loans will be necessary to help cover the expenses. During the course your of education, it is not unusual for your mind to start...



Read Full Article: Can Student Loans Only Be Used for Education?

Posted in Loans, Student Loans

For years you have been planning to go to college and have been working hard to maintain a high GPA, as well as save whatever money you can to help offset the costs of college. Luckily, you have been offered financial aid to your state school of choice, but you are still wondering whether or not...



Read Full Article: Do I Need a Student Loan if I Have Financial Aid?

Posted in Federal Student Loans, Loans, Student Loans

After years of studying and working hard, your little baby is now in the process of filling out college applications. You know your child is getting into a university for sure, now the only obstacle for you is paying for your child's college education. This is the time to research the different...



Read Full Article: What is a Federal Stafford Loan?

Posted in Loans, Student Loan Consolidation, Student Loans

Paying for a college education is a costly process. But for aspiring professionals and inquisitive minds, there is no better debt to aspire to have. Statistically those who complete college earn significantly more than their less educated counterparts, over 1.8 average annual salary of a person...



Read Full Article: What is a Federal Consolidation Loan?

Learn More About Student Loans

A student loan is a way for a person matriculating in higher education to borrow money from either the government or a private banking institution to pay for their education. Typically, as long as a student is enrolled in an accredited university and is meeting the minimum credit requirements, the repayment of the student loan is deferred until after graduation.

Those looking for a student loan with low interest rates are advised to first complete a Free Application for Federal Student Aid and see if they can get any loan money from the government. However, the amount of money the Feds loan is capped by congress, so additional loans through a private bank will probably be necessary.

By taking the time to compare the student loan interest rates offered by a variety of banking institutions, a student or their benefactor can help locate the best rate available to them.

Current Student Loans News

powered by Google News
C

Sign up for our FREE e-mail newsletter to get the latest savings tips, rate updates, and special offers.

Your e-mail will not be shared and you can opt-out at anytime