US Student College Loans
| Getting into a college is a dream that every student cherishes. However, many fail to realize their dreams primarily due to steep tuition costs and educational expenses. With the objective of supporting the college education of students, the US federal government has initiated a variety of student loan programs. |
Sponsored Links :
|
Prominent among these loan programs are the Stafford, Perkins and Graduate PLUS loans.
Perkins Loans: These federal loans are low-interest rate loans that are provided to students with exceptional financial need. Both graduate and undergraduate students are eligible to apply. These loans are primarily distributed through the school’s financial aid office. The school acts as the lender and the student is required to pay the loan back to the school.
Stafford Loans: These are low interest rate student loans are disbursed through the US Department of Education. There are two different types of Stafford loans that include subsidized and unsubsidized loans. In case of a subsidized Stafford loan, the government pays the interest on the loan during the study period and the first six months after the student leaves school on completion of his studies. Subsidized Stafford loans are issued depending on the financial need of the student. Quite often, students might encounter situations where they need more money than the amount offered in a subsidized loan. In such situations, one can apply for an unsubsidized student loan. In case of an unsubsidized loan, the student is responsible for repayment of the loan along with the interest rate.
Graduate PLUS Loans: These federal student loans are available to needy parents who want to send their children for college education. PLUS loans are also low interest loans disbursed through the US Department of Education.
More Articles :
|
Us Student College Loans