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...
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...
In this article, we’ll cover what to expect from student loan deferment or forbearance when it comes tofederal student loans. Privatestudent loansmay have options to postpone payments, but the rules will vary among lenders. How to decide if you should request student loan deferme...
Having less-than-stellar credit can make it difficult to qualify for student loans. Private lenders will consider your income and credit history; as a college student, you likely have poor credit or no credit. However, some lenders offer student loan options for borrowers with bad credit. Gener...
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.
How to Get Approved for a Federal Student Loan There are things you can do to improve your chances of approval when you want to take out federal student loans. Here are some tips: Complete your FAFSA accurately and on time. Research and apply for as many scholarships and grants as possib...
» MORE: Should you co-sign a student loan? How graduate students can get student loans Graduate student loans include two federal loan options, along with private loans. • Federal direct unsubsidized loans. Graduate students can borrow up to $20,500 each year. To apply, submit the FAFS...
There's a staggering lack of financial literacy when it comes to how student loans work when paying for college. Every college financial aid office says "just apply for student loans", but nobody tells you how student loans work! Increasingly, tuition continues to rise, saddling millions of ...
Refinancing can be a great way to reduce your interest rate, lower your monthly payments, or pay off student debt faster. 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 ...
Applying for Private Student Loans You don’t need to file a FAFSA to apply for a private loan. You’ll need to apply with an individual lender. The lender will check your credit score and often requires a creditworthy cosigner. It is helpful to apply to multiple lenders to find the best...