|
Below, you'll find extensive information on leading
sc student loan articles and products to help you on your way
to success.
Private Student Loans – dispelling the myths
By Vanessa McHooley
Private Student Loans – dispelling the myths
If savings, grants, scholarships, and federal loans don’t cover the cost of your education, it’s time to turn to private loans. But young college students can’t qualify for a private loan, can they? Wrong! This article addresses this and other myths about student loans that you may run into.
I don’t have any collateral, so I can’t get a private loan.
Private loans are usually unsecured, which means no collateral is required. On the downside, this may also mean a higher interest rate.
I don’t have a good credit history (or no credit history at all)
Since the government doesn’t back private loans, your credit history is a consideration in being approved for a loan. If your credit history is bad or non-existent, you may be subject to a higher interest rate. And remember, you can always get a co-signer. Pay your loan off on time, and soon you will have a good credit history!
I have enough funds for tuition and fees, so I can’t get a private loan
In addition to paying tuition and fees, funds from private loans can be used to cover living expenses, supplies, computers, and other everyday living needs.
I can’t afford to make payments on a loan while I am still in school
Stop home foreclosure-Steps to stop home foreclosures
Must read advice on stopping home foreclosures
A simple guide to car donation and the inherent tax relief benefits
All questions answered on car donation and the tax relief benefits for car donations
Credit reports- Get a credit report today and save your credit history!
Amazing revelation-Almost all credit reports have mistakes in the credit reports.Read free simplistic guide on credit reports
A debt management guide- a must-read simple guide to taking charge of your debt management
Read an easy free simple debt management guide to get rid of your debt worries
Disability insurance guide- a must-read simple guide to taking disability insurance
A Disability insurance guide- Simple ideas and tips -disability insurance reviews
Home equity loans guide- a free must-read simple guide to home equity loans
Home equity loans-Pros and cons of home equity loans- read free reviews on home equity loans now!
An easy introduction to loan consolidation
Does loan consolidation make sense to you? Read simple,free loan consolidation article now!
A simple guide to long term care insurance- do you need long term care insurance?
An easy guide to long term care insurance-pros and cons of long term care insurance
Easy simple tax relief tips
Tax relief-an easy-to understand simple guide to saving taxes for everyone
Mortgage refinance-mortgage refinance advice from the leading personal finance portal
Mortgage refinance- refinance your mortgage today and take advantage of low interest rates
1st guide to homeowner's insurance
Homeowner's insurance-What every homeowner's insurance plan should contain-read this guide before you take a new homeowner's insurance plan
1st guide to life insurance-Learn all about life insurance policies
Life insurance policies-What every life insurance policy should contain-read this guide before you take a new life insurance policy
/>
For most loans, your principal and interest payments can be deferred while you are enrolled in school. Another option is to make interest payments while you are in school but defer paying off the principal. Your interest payments might even be tax-deductible!
I missed the deadline for applying for financial aid this year
You can apply for private student loans any time – there is no deadline. Depending on the financial institution you choose, you can be pre-approved in minutes and have the money (which will be sent directly to you) within a matter of days.
I don’t have a bank to apply through
Private loans are offered by thousands of banks, credit unions, and other financial institutions. Just search the internet for “private student loans” and you will find many places to apply to.
If you need the additional funds provided by private loans, don’t let myths and misconceptions keep you from applying!
This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about Private Student Loans at http://www.NextStudent.com.
Vanessa McHooley
My goal is to help every student succeed - education is one of hte most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.
|
|
We strive to provide only quality articles, so if there
is a specific topic related to student loan that you
would like us to cover, please contact us at any time.
And again, thank you to those contributing daily to our
sc student loan website.
|
