Here are three kinds of web tools that can help find private college loans: Full disclosure: U.S.News World Report has a IWC replica watches business relationship with one of the websites: SimpleTuition.Private Student Loan Web Shopping SitesDescription Credit Union Student LoansAllows shoppers to search for variable rate loans from several dozen credit unions.As of June 2010,Abercrombie t-shirts, some were offering loans at about 3.2 percent to borrowers with excellent credit.Education Finance CouncilLists nonprofit student lending agencies.
Students who owe more than the $31,000 total maximum the government lends to undergraduates through the Stafford program can find it difficultand Corum replica watches occasionally impossibleto make their monthly private student loan payments.And they have little hope of relief, since bankruptcy courts rarely erase educational debts.[Read about a proposal to give relief to those with private student loans.]Also, lenders typically only approve applications of those who can prove they are likely to repay.So noncitizens or young adults without high credit scores will be denied unless they can find a citizen with a good credit score to agree to make payments the student skips.
(First step: fill out a Free Application for replica watch gift Federal Student Aid.) Unlike private loans, federal student loans offer fixed interest rates as low as 4.5 percent, easy repayment terms, and the possibility of forgiveness for public service.[Read about cheaper, easier federal student loans.]Students who need more than the federal governments student loan maximums should consider cutting their costs or switching to a cheaper college instead of borrowing more, many financial aid officers suggest.