At times a student may apply for all student loans options available and still realize that he/she needs more help. Such times he/she needs to think of Unsubsidized Stafford Loans. These loans are not awarded according to a student’s financial need. All students regardless of needs are eligible for Unsubsidized Stafford Loans.

The interest for Unsubsidized Stafford Loan is charged right from the moment the loan is disbursed to the moment the loan is paid in full. The advantage is that you can have the payments deferred until after you graduate by capitalizing the interest. By capitalizing the interest I mean that the interest payments are added to the loan balance increasing the size and cost of the loan and hence the paying period is extended.

Most of the students combine the subsidized loans with unsubsidized loans to borrow the maximum amount permitted each year. Like starting 1st July 2007, Stafford loans allow dependent undergraduates to borrow up to $ 2,625 and $ 3,500 their freshman year, $ 3,500 – $ 4,500 sophomore year and $ 5,500 for each remaining year. The good news is that independent students and parents turned down for a PLUS loan can borrow an additional unsubsidized $ 4,000 the first two years and $ 5,000 the remaining years. There are other specified amounts for graduate students and cumulative limits for undergraduate. It is good to look for more information and see these amounts to understand what I am talking about.

It is worth noting that for you to be eligible for unsubsidized Stafford loan you need to fill in the FAFSA form, submit it and be accepted. You need to fill the FAFSA form as early as possible to avoid rushing with the deadlines.

While there are many alternatives to help you fund your education, Unsubsidized Stafford Loans are the kind of loans that you will find with very low costs and manageable interests. Therefore go for the Unsubsidized Stafford Loan and enjoy the benefits.

Poly Muthumbi, a Web Administrator, Has Been Researching and Reporting on Student Loans for Years. For More Information on Unsubsidized Stafford Loan, Visit Her Site at UNSUBSIDIZED STAFFORD LOAN



By: Poly Muthumbi

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hevdoll asked:


What is the best non government student loan I can get? Should I go to a bank (if so which one is the best)? Or somewhere on line. thanks so much.

john47 asked:


Where can I find easy understand options for this?

poohbear3 asked:


I used education direct in may and all was well, recieved notification they had received loans and payments to those loan holders then all of a sudden they said no, and that payments had been returned just last Thursday(long after july deadline to lock in good interest rates! Now what do I do?)

Erin asked:


Well, I live in Montana, in a small town of 400 people, there are no jobs out here for me, I am going to be 18 in 2 months, I have my GED. I really want to move out to Seattle and attend the university there but I have absolutely no money or way of getting a job where I am at, I feel very trapped. Is there any way I could get a loan and go to college out there?

FinancialAidPodcast asked:

Lee Hannula from fafsaonline.com and studentloannetwork.com discusses the FAFSA.

maybell asked:


What Loan company will take over my federal student loans when the loans are in forbearance so I can go back to school?
My loans are government loans from Saillie Mae. I owe them under $5000.
I heard about this company that will take over your school loans from them but I don’t know the name of the company.

 

Education has been very important in the lives of many people. However, it is not that easy to go to college and get a degree. What if you don’t have the financial resources to earn a college degree? Is there still a way for you to fulfill your dreams?

An Astrive student loan is a private student loan. It is the best solution for you to be able to enter college even with a low amount of financial help for schooling. You can get an Astrive student loan if you are seventeen years of age and a certified US citizen or have lived at least for two years in the US. Moreover, you must have a well established credit history of twenty one months at least. Also it is important that you must have worked for a minimum of two years at the same employer. 

A co-signer is important in getting approval for particular Astrive student loans. The co-signer will be the one to help you acquire a better credit line if ever you have a bad history credit. With a co-signer you can be assured of a much lower fees as well as rates. Furthermore, with a good co-signer you can receive the loan in the fastest and quickest way possible. Your status as well as the name of the school you are attending is important to qualify for an Astrive student loan.

Annually, you can have the chance to borrow as much as $40,000 which has a $130,000 lifetime limit. However you can also borrow for a minimum amount of $1,500. As for payment, you have three choices on how you want to pay the money that you have borrowed. The first option is to pay the loan right away to avoid high interest payments. With this option, you can be assured that in the long run you will be able to save more money. The second option is to pay interests for payments only. But to be able to have this option, you must be a half time student at least. And the last option is to fully pay the loan after graduation. But, just like the second option, you must also be a half time student at least to be qualified for this type of repayment schedule. 

You are allotted twenty years to repay Astrive student loans. However, along with this are the monthly minimum payment of $25.00 and an inconsistent rate of interest. Early payments are encouraged to avoid penalties. 

Therefore, with Astrive student loans, financial resources are not anymore a problem to earn a good college degree. So, there is no reason for you not to go to school and achieve your dreams for your future. 

 



By: Brian Link

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