Online Student Loans Guide

New Income Based Repayment (IBR) Plan for Federal Student Loans

Part of a package of proposals outlined by the White House Task Force on Middle Class Families last month (January 25, 2010) was a proposal to enhance the Income-Based Repayment (IBR) plan, which was enacted as part of the College Cost Reduction and Access Act of 2007 and became available on July 1, 2009. The proposed improvements involve capping student loan payments at 10% of discretionary income and discharging student debt after 20 years in repayment.

1 comment February 25th, 2010

The New, Simplified FAFSA Form For 2010 – 2011

The U.S. Department of Education estimates that approximately 15 million parents and students fill out the FAFSA (Free Application for Federal Student Aid) form every year. The form is used by the federal government to determine a student’s eligibility for federal assistance in the form of loans, grants, work-study and a number of scholarships, and it is also used by some colleges and universities to determine the nature and amount of financial aid provided to students. Filling out the FAFSA is a required step for obtaining student loans and other forms of financial assistance.

Add comment January 30th, 2010

WORRIED ABOUT STUDENT LOANS, BAD CREDIT CAUSING PROBLEMS? (Subsidized student loans)

This interesting article addresses some of the key issues regarding student loans. A careful reading of this material could make a big difference in how you think about student loans.

Thankfully for most students and parents, student loans, bad credit problems or little credit now have almost nothing to do with each other as long as you avoid private student loans that use your credit score as a tool in determining the loan. In the past several issues have prevented students from getting student loans, bad credit being one of the most common. Private lenders can still use your credit score to eliminate you from

getting a loan, however federal government loans don’t use your credit report, meaning that limiting student loans, bad credit issues, or other financial problem cannot exclude you from qualifying for a loan.

1 comment September 25th, 2009

Student Loan Online Application (Student grants and loans)

The borrower must first complete the FAFSA (Free Application for Federal Student Aid) form and submit it to the financial aid. A renewal FAFSA can be completed if the applicant has submitted a FAFSA in the previous year. The FAFSA can be completed online: http://www.ed.gov/offices/OSFAP/Students/apply/express.html. If the student has already completed a FAFSA or renewal FAFSA for the current school year, he or she should submit a copy of their SIR forms. The Federal Government must receive the FAFSA or renewal FAFSA before any financial aid will be disbursed.

Add comment November 9th, 2008

Student loans for students in ms – Student Loan Consolidation Guide 101

The constantly escalating fees as well as the competition in the field of higher education have made the life of a student burdened by debt. Most of the students are financially not capable of bearing the enormous expenses of their college life and as a result of this they have to acquire numerous loans, such as, education loan, credit card loan etc. These loans definitely help them for a while but when the time to pay them back arrives they can become a real nuisance for these students. Their numerous monthly installments and high interest rates can make many students lose their sleep and get distracted from their career path. All these problems and more can be avoided if the help of a Student Loan Consolidation is secured.

Add comment September 14th, 2008

Consolidate private student loans – Student Loan Consolidation – Save Money, Pay Less, Spend More

Save Money, Pay Less, Spend More on What You Want? Sounds too good to be true, doesn’t it? Well, if you’ll spend a few minutes learning about student loan consolidation, you’ll soon be armed with enough information to make some really good decisions and help you achieve all of the above, and more.

Student loans are available to students (and parents) in need of help with living costs while studying and working on a degree program. For many students, student loans are their largest source of cash and income (in some cases, their only source).

Add comment July 2nd, 2008