Loans
Here is a collection of articles to help you learn about your loan options for school:
Grants vs. Loans
Although most people realize that the major difference between grants and loans is whether or not you must repay the money, there are other factors that distinguish a grant from a loan.
How Do You Apply for Student Loans?
Before you accept any loan, keep in mind that you should only borrow what you need because you will have to repay the loan with added interest. Don’t forget to resubmit your FAFSA each year to determine if your eligibility for federal aid has changed.
How to Find Loans for College
By now you have probably filled out the FAFSA (Free Application for Federal Student Aid) and learned that you are not eligible to receive grant money for college. You know that you have to get a loan but just aren’t sure where to begin your search.
The Benefits of Student Loan Consolidation
In a perfect world, every student would be able to graduate from college, find work quickly, collect a huge salary, and pay off student loan debt with all of that newfound cash. Unfortunately, life may have other plans for you like graduating, finding your dream job (halfway across the country), relocating, buying a house, marrying, having children, buying a bigger car, and the list goes on and on.
What is a Student Loan?
Student loans are loans offered to students pursuing a postsecondary education and must be repaid. The federal government usually issues student loans at a lower interest rate than private loans. Students may finance their education through private lenders; however, the interest rate is much higher and you may not be able to defer payments until after you finish college.
When Do Graduates Repay Loans?
You’ve graduated at last. Hopefully, you have a job ready and waiting for you or are very close to securing employment. As you’re admiring that crisp diploma, it hits you—I have to begin repaying all of those student loans. How does that work exactly?
