Good Education is the cornerstone for social and economic development. Getting Quality Education is one of the most important investments for your life, your career and your future. With rising tuition and study-related costs, students may need to rely on scholarships, goverment grants or private student loans to finance their study. There are many companies offering financial assistance for students. One of them is NextStudent, the Web site dedicated to education financing, suitable for Undergraduate students, Graduate students, Parents of undergraduate students. They provide plenty resources and information on scholarships, federal grants, low cost federal student loans, private student loans, student loan consolidation, financial aid counseling and advice for parents, college-bound, college, and graduate students.
Education Financing Options
1) Scholarship
Check this free Scholarship Search Engine, which allows you to search online database of more than 69,000 college funding sources comprised of more than 5.9 million individually awarded scholarships valued at over $16 billion. Just enter your personal and academic information, then the Search Engine will select appropriate Scholarships that match your profile. It also provides the funding source's eligibility requirements, due dates, number of awards, award amounts, and contact information.
2) Federal Aids
In addition to scholarship, another source for financing can be found from federal financial aid, like Federal Student Loan Programs and grants. Because federal student loans generally offer more attractive terms ( low-interest, federally guaranteed loans, no collateral and no credit checks, most of which don’t have to be repaid until after graduation ) than private student loans, you should always use your federal financing options first.
3) Private Student Loans
When your education costs still exceed the scholarships and Federal financial aid, it’s time to take advantage of the Private Student Loans Program.
With Private Student Loans, you can cover up to 100% of your higher education expenses. To be eligible for private student loans, borrowers may be either an undergraduate or graduate student enrolled at least half-time in a TERI-approved program, pursuing a degree or certificate-based coursework. Students may borrow the cost of their annual attendance or up to $40,000, whichever is less.
PROS:
CONS:
Private Student Loans may not be available in all USA states.
It is easy for you to apply for NextStudent Private Student Loans, either by applying online or by calling Toll-Free (800) 299-4639. Friendly Education Advisor will provide professional advise and resources to address your specific financial needs.
4) Federal Parent PLUS Loans
If your student loan aid doesn’t fill the gap, your parents could be eligible for a Federal Parent Loan for Undergraduate Students (PLUS). Under this program, creditworthy parents can borrow up to 100% of the total cost of education for dependent children, less other aid awarded.
Education Financing Options
1) Scholarship
Check this free Scholarship Search Engine, which allows you to search online database of more than 69,000 college funding sources comprised of more than 5.9 million individually awarded scholarships valued at over $16 billion. Just enter your personal and academic information, then the Search Engine will select appropriate Scholarships that match your profile. It also provides the funding source's eligibility requirements, due dates, number of awards, award amounts, and contact information.
2) Federal Aids
In addition to scholarship, another source for financing can be found from federal financial aid, like Federal Student Loan Programs and grants. Because federal student loans generally offer more attractive terms ( low-interest, federally guaranteed loans, no collateral and no credit checks, most of which don’t have to be repaid until after graduation ) than private student loans, you should always use your federal financing options first.
3) Private Student Loans
When your education costs still exceed the scholarships and Federal financial aid, it’s time to take advantage of the Private Student Loans Program.
With Private Student Loans, you can cover up to 100% of your higher education expenses. To be eligible for private student loans, borrowers may be either an undergraduate or graduate student enrolled at least half-time in a TERI-approved program, pursuing a degree or certificate-based coursework. Students may borrow the cost of their annual attendance or up to $40,000, whichever is less.
PROS:
- Easy Requirement and Fast Approval. No FAFSA required. Applying for Private Student Loans is fast and convenient. Get Instant pre-approval. Applications can be completed 15 minutes over the phone with the help of a borrower's personally assigned Education Finance Advisor.
- Competitive interest rates and fees. Get FREE Application Fee. The interest rates on NextStudent Private Student Loans are variable rates based on the one-month LIBOR index, as published in The Wall Street Journal. The variable rate will be calculated by adding the current one-month LIBOR index to a margin and then rounding up to the nearest 0.125%. Your interest only capitalizes once, not quarterly like with other lenders. If you apply with a creditworthy co-signer, and you may qualify for a lower rate. Then, make your first 48 consecutive payments on time, and you can request to release your co-signer (you’ll need to meet the loan credit requirements at the time of request). You can take $300 off your principal loan amount when you graduate (with proof of graduation). Get an immediate 0.25% rate discount just for signing up for automatic monthly payments.
- Flexible Repayment. No payments required unless you become enrolled less than half-time or until six months after graduation. Immediate repayment and interest-only repayment options are also available. Repayment begins no later than eight years after the loan is disbursed (five years’ deferment for undergraduates, three years’ deferment for graduate students). You can start paying with as little as $25, have many repayment options, up to 20 years to repay and may qualify for tax-deductible interest payments. Those with accumulated total student loan balances that exceed $40,000 may opt to extend the repayment term to 25 years. There is no prepayment penalties if you are making more than your minimum monthly payment or paying off your PLUS loan before it’s due.
- Full Control on your money. Your check comes straight to YOU, not your school. This allows you to take control of your money and avoid the long wait times often associated with channeling the funds through the institution.
CONS:
Private Student Loans may not be available in all USA states.
It is easy for you to apply for NextStudent Private Student Loans, either by applying online or by calling Toll-Free (800) 299-4639. Friendly Education Advisor will provide professional advise and resources to address your specific financial needs.
4) Federal Parent PLUS Loans
If your student loan aid doesn’t fill the gap, your parents could be eligible for a Federal Parent Loan for Undergraduate Students (PLUS). Under this program, creditworthy parents can borrow up to 100% of the total cost of education for dependent children, less other aid awarded.
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