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"10
Best Student Loan Options"
There are several different options available for students in terms of
student loans; however, following are the 10 Best Student Loan Options:
1. Subsidized Stafford Loan
2. Unsubsidized Stafford Loan
3. Federal Perkins Loan
4. Federal PLUS loan for parents
5. Direct PLUS loans
6. Federal consolidation loan
7. Federal Nursing Loan
8. Federal Insured Student Loan
9. Health Professions Student Loans
10.Private student loans
Let's take a closer look at more information regarding the 10 best student
loan options that anyone considering college student loans should consider:
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1) The Subsidized Stafford Loan is available for both graduate and
undergraduate study. While the student is in school, the interest on the loan is
paid by the federal government. This loan is need based, so not all applicants
may qualify.
2) The Unsubsidized Stafford Loan is also available for graduate and
undergraduate study. Unlike the Subsidized Stafford Loan, with this loan the
student is responsible for the interest that is accrued on the loan while they
are in school. This is not a needs based loan, so students may be eligible for
the loan even if they do not show a financial need for the loan.
3) The Federal Perkins loan is a type of student loan that is available to
both graduate and undergraduate students. Applicants must demonstrate financial
need in order to qualify for this loan. Funds are disbursed by the school and
must be repaid to the school.
4) The PLUS loan program gives parents of students the option to borrow up to
100% of their child’s cost of education. Parents are eligible for this loan even
if they do not demonstrate a financial need and regardless of income.
5) Direct PLUS loan: this type of student loan is available to parents and
guardians of dependent undergraduate students. Borrowers do not need to
demonstrate financial need and may borrow up to the cost of attendance; minus
any amount of financial aid that may be received. Loan funds are first applied
to tuition and fees. This type of government and federal student loan has a
variable interest rate.
6) The federal consolidation loan program gives students and their parents
the option to consolidate loans and take advantage of lower interest rates and
monthly payments.
7) The federal nursing loan gives students who are enrolled in nursing school
the option of a low interest loan and flexible repayment options. Loan
cancellation is available in some cases.
8) The Federal Insured Student Loan program gives students who might not
otherwise qualify for a student loan the ability to receive the funds they need
to complete their education.
9) The Health Professions Student Loan provides long-term, low interest loans
to students pursuing degrees in dentistry, optometry, pharmacy, veterinary
medicine or podiatry.
10) Private student loans require a credit check for borrowers; however,
students and their families are typically able to borrow more money than they
would have been able to through a federal student loan.
For more in-debt information on the 10 best student loan
options, and many other student loan topics please visit
http://www.student-loan-today.com.
I wish you the highest success,
Katarina Bader
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