Unsubsidized student loans:Undergraduate, graduate and professional students can apply for unsubsidized loans. Unlike subsidized loans, potential borrowers don’t need to show financial need. But the loan terms aren’t quite as good as those of subsidized loans because borrowers are responsible for p...
How student loans compare to other debt types Steps to apply for a student loan In a nutshell Share this What is a student loan? A student loan is a financial product that approximately 43 million Americans actively use to fund their education. There are many types of loans, each wit...
Unless their parents have somehow saved enough money—or earn massive salaries—most students these days need to borrow to pay for college. Working your way through college is also largely a thing of the past. For that reason, student loans (and debt) have become commonplace. Applying for fed...
If you have multiple student loans, you can refinance your student loans into a single loan, with one interest rate and monthly payment. However, it’s important to take the necessary steps to find the best student loan refinance product for your goals. 5 steps to refinancing your student lo...
If you’re classed as an independent student, Student Finance England won’t take your parents’ income into account when working out how much student finance you can get. Understand if you qualify and how to apply here.
But it’s not always the best move—especially if you have federal loans that offer benefits you’d lose by switching to a private lender. Before you apply, it’s worth asking a few key questions: Should I refinance my student loans? Can I refinance my student loans? Is it a good ...
You can consolidate multiple federal student loans into a single, new federal loan on studentaid.gov. To consolidate (a.k.a. refinance) private student loans, go directly to a private lender.Many, or all, of the products featured on this page are from our advertising partners who compensate...
How to get a federal student loan Backed by the U.S. government,federal student loansoffer a range of payment plans, borrower protections and competitive interest rates. Because they come with competitive terms and no credit check, it’s best to apply for federal aid before seeking private loa...
1. Understand how your student loan debt will affect your future If you haven’t started repaying your college loans yet, it can be hard to imagine how they could impact your income and lifestyle. Are you going to be able to make enough money to cover your loan payments and support eve...
Borrowers with balances on federal student loans before July 1, 1993, have additional deferments as well — for example, for working mothers. Many private lenders also let you defer student loans while you’re in school or the military. Contact your lender for eligibility details ...