Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

Private Student Loans Can Supplement Federal Aid, Help Borrowers

Written by: Vanessa McHooley

Private Student Loans Can Supplement Federal Aid, Help Borrowers

Prospective college students have a variety of student loans from which to choose, from federal student loans to private loans. With the rising cost of a college education, student loans can help ease the burden for those seeking a higher education or for parents paying for education for K-12 children.

Oftentimes federal aid does not cover the entire cost of a college education. However, students and/or parent borrowers can supplement federal aid with private loans.

Private Student Loans

Private student loans are unsecured and credit-based. Students can use private loans for tuition and fees, supplies, computers and living expenses.

NextStudent, the Phoenix-based education funding company, offers private loans for K-12 students, where the parent is the borrower. Also available are private loans for undergraduates, graduates and continuing education students. For these loans the student is the borrower and must be at least 18 years old.

Benefits and Incentives of Private Student Loans

NextStudent private student loans offer a host of benefits that do not necessarily apply to federal student loans. There are no prepayment penalties; students can apply with a co-signer; generous borrowing limits are available; there are no application deadlines; students can cancel within 90 days of disbursement, with no fees or interest; and fees charged to students are minimal to cover defaults.

There are many incentives when taking out a NextStudent private student loan. Since interest is tax-deductible and funds are sent directly to the borrower, private student loans are an easier way to help students pay for school. It also is encouraging to know that with private loans no original signature is needed and pre-approval is fast. Private student loans also can be used for distance learning, international students, study-abroad programs and past due balances at school.

Requirements for Private Student Loans

Prospective private student loan borrowers must meet certain requirements. Students must attend a TERI approved school and provide proof of income and enrollment. When applying with a qualified co-signer, borrowers automatically are pre-approved, which is based on credit score. When applying with a qualified co-signer there is a higher approval rating, 60 percent of borrowers receive the lowest possible origination fee, and most students will receive the best pricing.

Private student loans through NextStudent offer prospective borrowers a host of incentives and benefits. When federal student aid is not enough, private student loans can help fill the void and help prospective students receive a quality education.

About the author:

NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Private Student Loans at http://www.nextstudent.com

Other Related Articles:

Benefits of a Home Owner Loan
There are many benefits for choosing a Home Owner Loan, some of which are listed below: If you are a homeowner, you have a better chance of borrowing a homeowner loan and securing the amount against your home .A secured loan is so called because...read more

Reasons Why a UK Personal Loan Might Be a Good Idea For You
When people look at their financial portfolio many do not consider loans as a wise option. This is because people see the principal plus the interest and automatically assume that alone is a bad decision. That is not always the case. When...read more

How to Qualify for a Home Mortgage Loan
Are you considering applying for a mortgage loan to purchase your first home? If so, you should read the following tips below that will make the process easier! If You Have a Good Credit History It Is Easier To Qualify For a...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map