lawyer

Featured Programs:

What types of loans are available?

A variety of state sponsored and private company loans are available, and a student has between six and twelve months after graduation to get a job and start repayment. An education loan helps students pay for college tuition, books, and other expenses. The interest rate is substantially lower than other types of loans, and students are bound to return it only after they have finished their studies.

Do I qualify?

Most college students qualify for some type of student loan, although the amount they qualify for is based on the income level, parents' income, property owned by the family and other financial considerations which are weighed to determine the right amount that a person is eligible to borrow and pay back. While government sponsored loans are at low interest rates, what makes private financial institutions more attractive are their student loan programs that stretch over an extended period of time. This way you can set up a plan that may stretch as long as ten or twenty years, significantly lowering monthly payments.

Repayment can be deferred until the student is out of school to a period between six and twelve months; and in some cases until the student has found suitable work. A wide variety of programs with a number of different conditions are available for students to take advantage of, and it is extremely important to properly explore and research the type of loan you require and to ensure that you understand all of its conditions before committing to it.