Student Loans

Student Loans

A college education is an invaluable investment for your future. Therefore, applying for a student loan will be the important step in your pursuit.
Student loans offer you a financial aid for college or graduate school through a variety of programs.

• FFELP (Federal Family Education Loan Program): Loans with private resources and insured by the federal government.
• FDLP (Federal Direct Loan Program): Loans organized by the Department of Education and colleges using federal resources.
• Perkins loans: Reasonably low cost federal loans granted through colleges for students with special financial necessity.
• Private loans: Loans from different sources (educational institutions, financial institutions, professional associations), frequently used to complement federal loans and other support to cover up the total cost of schooling. Particular programs may be accessible for graduate students in health, business, and law professions.
• Other loans: Loans such as personal loans or home equity, that are not specially intended to be student loans can still be used to pay for school. Consider borrowing just after you have exhausted every other alternative for paying for college.

Student Loan Consolidation Page

Student Loans – Qualify for financial support

In order to obtain financial support, you are required to have a plan on working toward a degree or diploma in an eligible program, a valid Social Security Number, and meet the criteria for financial necessity. Necessity is defined as the difference between the price of attending the college and the EFC (Expected Family Contribution); the calculated capacity of a family to pay. If there is a difference between the college cost and the EFC, the family may be qualified for the financial support.

Student Loans – Apply for financial support

Beginning early on to apply for financial support will help you manage all application time limits. School and federal aid programs, grants and scholarships, each one has closing date. Important! To be deemed for federal financial aid, you have to fill up the FAFSA (Free Application for Federal Student Aid). In the majority of the situations, getting financial aid is a yearly procedure.