larsonface asked:


I can find plenty of banks that offer private student loan consolidations loans, but often, many places seem “gimicky.” Any help appreciated!

Southerngirl29 asked:


I have around $4500.00 left in student loans, and I have two semester left of college. In the fall, I am taking 15 hours, but in the spring I am only taking six. Will they offer the remaining of my loans for the fall semester, and I can use my pell grant for the spring or will they split the remaining loans between the two semesters?

brave.heart asked:


Is there anyone who knows of any good PRIVATE Student Loan consolidation program? Most lower your payments but do not lower your interest rate. I am looking for a lower interest rate.

rebel asked:


I’m a high-school senior, foreign exchange student from Serbia with a GPA of 4.0 (taking 9 classes) and a vegetarien. I got accepted to college, but the scholarship I got covers only about the half of the tuition. I can’t apply for FAFSA or anything like that cause I’m not a citizen, but I still need to pay about $ 20,000 more. Anyone knows something that could be helpful? Thanks!

deny89 asked:


i am 18 in college and i am thinking of getting a student loan about $3000 for personal consumption..what should i need to get one? thanx
can i spend these money for other consumptions rather than educational?

studentloanreform asked:

Qorvis presentation to NCHELP at the 2007 meeting – Qorvis is responsible for the current “Protect Student Choice” campaign underway via YouTube, Twitter and Facebook – what overpaid and behind the times agencies call “Social Media.” The outcome of this presentation is “Protect Student Choice” which is headed and managed by three FFELP lenders — according to the Press Release issued by Qorvis for this endeavor. This was presentation found simply using google at the link: www.nchelp.org…

These days, numerous options for paying college tuition abound. While some are more traditional and have been established for many years, others have been created only in recent years. Through all the changes and new options of how to pay for college, the one constant is that college tuition will increase as time goes by.

The following is a list of several options available for paying college tuition. Do your due diligence and research these as well as other opportunities for funding.

College Loans

A necessary evil for millions of college students, college loans provide funds for college that are to be paid back in a variety of plans. Currently, Sallie Mae is one of the premier companies for college loans. I’ve used them for my loan and they really seem to have their act together. Try a Google search under “college loan” for starters.

Two ideas to consider about college loans:

1) The interest on college loans can often be tax deductible, depending on the type of loan and how long you have the loan.

2) Be wary of the payment plan once you are ready to pay your loan back. The payment plan I chose started with low monthly payments for the first several years and the monthly note gradually increased over time. This made it handy as I wasn’t making much money fresh out of school, but started making more money as my minimum monthly payments gradually increased.

529 Plans

These plans allow people the chance to set aside money in an account that must be used to pay tuition at an accredited university. While the money that is saved is taxable, the dividends paid on that saved money and the withdrawals are not taxable.

Scholarships

You may have options available to you in scholarships if you are gifted academically, athletically or perhaps artistically. Of the methods listed in this article for paying for college, earning scholarships arguably requires the most research. The reason for this is scholarship requirements can vary and many are only available through a particular college.

I was fortunate to get a band scholarship for college. While the scholarship did not nearly cover my tuition, it gave me some extra spending money.

Pell Grants

According to the website http://www.ed.gov/programs/fpg/index.html, “The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain post baccalaureate students to promote access to postsecondary education.”

You should certainly try to get a Pell Grant, if you believe you are even remotely close to qualifying. Some factors like the amount your family is “expected” to contribute towards your tuition, whether you attend school for a full year or not, your attendance status (full or part time), and others will determine if you are eligible.

I was never able to qualify for a Pell Grant as I was still living with my parents at the time I went to college, and therefore was considered financially supported by them. Again, keep Pell Grants at the top of your list, as this is money you don’t need to pay back like you would a loan.

Among the uncertainty of college funding options, the principle of tuition rising remains constant. Do your due diligence and investigate the options listed here as well as options that may be available only in your home state. A college education is one of the best investments you can make. Researching the best funding options for college is a truly wise move.

By: Paul Heingarten

About the Author:

b.jackson asked:


i think so..hence the word “loan” but you can never be to shure.

Impressive_Instant asked:


I’m currently a freshmen in college in California and was wondering which bank would be better to apply for a loan? I with wells fargo myself for a credit and checking account. Also will there be interest rates since its a ‘college loan’?

Many students are awarded all types of financial aid and student loans that cover tuition. Unfortunately, college costs can far exceed the price of your class. Private student loans, or alternative loans, can help to bridge the gap between your financial aid, scholarships and living expenses.

Private student loans can be used for just about anything that you need while you are in school. You can use them for a laptop, car, food, and gasoline, whatever you need while you are in school. Many private student loans will allow you to defer payments on the loan until after graduation. This can be a big help when it comes to getting yourself through school.

You will need to do some comparison shopping before you apply for a private student loan. Compare rates, terms, perks and fees before you fill out an application. Some loans may require a hefty origination fee. Some may not offer deferred payments. Some will offer specials circumstance leeway with payments for future times of need. Educate yourself on the types of benefits you can receive from different types of private student loans before you apply.

Some students may get the idea to apply for as many loans as possible instead of doing the legwork and figuring out which private student loan is best before applying. This can be detrimental to your cause. This is because each application you put in reflects as a credit inquiry on your credit report, and can affect your credit rating. Your credit rating will determine whether or not you qualify for those better loans. So, do not jump the gun and just start filling out random applications, shop around and compare lenders before you commit.

Once you have your loan, stick to making payments on time, every time to protect your credit. Paying a loan on time can really help your credit score. Paying more than the minimum is also helpful. If you ever anticipate not being able to make a payment, call your lender right away. Keep in touch with them and make a concerted effort to resolve the situation. This could mean the difference in having a bad hit on your credit or keeping it blemish free. Do not ever blow off a loan payment. Every late payment goes on your credit. It can also cause you to lose good interest rates or other benefits.

Some private student loan lenders offer special reduced rates to customers that make on time payments for an extended period of time. One late payment could count you out of this special deal and could even cause your rate to increase.

Be wise and educate yourself about private student loans before you sign on the dotted line. Make sure that you know exactly how the payment plan works and work towards the goals of better rates and special deals. Keep your payments on time and your credit in check.

By: Evelyn A. Saunders

About the Author: