2012年8月30日 星期四

consolidation programs-Pros and Cons About Private Student Loans

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consolidation programs,Private Student Loans,Student Loans -------------------------------------------------------------------------------- consolidation programs are 4 types:
 1.The Extended Payment Plan Students who have a very low monthly income are set to struggle to meet even improved terms.

 2. Standard Consolidation Plan Clearing college debts with this program is ideal because it limits the term of the agreement to 10 years, with monthly payments to be made according to a set schedule.

 3.Income Contingent Payment Plan The fourth available consolidation program for federal student loans is the Income Contingent Payment Plan, which takes into account a lot more than the other plans.

 4.Graduated Payment Plan A Graduated Payment Plans allows for a structured repayment schedule that starts very low and gradually gets bigger, as income and circumstance improves.
consolidation programs,Private Student Loans,Student Loans -
 Article Source: http://EzineArticles.com/7207568 ---------------------------------------------------------- -->

the majority of private student loans



private student loans,student loans
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1, the majority of private student loans would need co-signers. It raises danger for banks, thus the banks includes cosigner who can guarantee that the student will repay the student loan debt once graduated. Most of cosigners are usually parents of prospective college students or close family members. 
2. While federal loans are administered by students needs and financial situations, private student loans are centered on credit history. This means that individuals with great credit score commonly receive a better rate and other good aspects than people who have poor credit ratings.
3.Many private lenders give you different types of repaying methods like government. 
4.University students will have less burden with monthly payments with this option One of more popular choices students choose though is a deferred repayment. That means that students only focus on their school activities while in school, instead start paying back after graduating school.
5.Most of private lenders do not offer a grace period. Students with government loans typically get 6 - 9 months grace periods. Article Source: http://EzineArticles.com/7187597
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private student loans,student loans

type of student loans available


Student  Loans,Student  Loans types,tuition fees loan,Maintenance loans
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Student  Loans are now split into two different types;
a tuition fees loan for full and part-time students which will cover the costs of the course fees until the time comes when you need to start paying it back, 
Tuition fee loans are paid directly to the university or college that you're signed up to - though it's important to note that in the case of some private universities, this loan may not be enough to cover the course fees in entirety - check with the university to see how much the fees are and whether you will need to find alternative ways to source finance.
Maintenance loans are student loans that are paid straight into your bank account every term, and are calculated on your financial position. If your parents or partner earn above a certain income, the amount of money you can claim may be reduced. These loans are there to help you with your living costs, such as paying for your student digs (and associated bills), food, study materials such as books and travel. From 2012, every full-time student is eligible for 65% of the maximum loan amount, with the remainder assessed on income and any grants or bursaries you may have been awarded.

maintenance loans which are there to help you cover your living costs - although these are available to full-time students only.

Maximum loan amount
The maximum annual loan you can get in the academic year of 2012/2013 is £4,375 if you're still living with your parents, or £5,500 if you're responsible for financing your own student digs - rates are higher in London to account for the increased living costs.
Student  Loans,Student  Loans types,tuition fees loan,Maintenance loansArticle Source: http://EzineArticles.com/7233024