Student Loans - Ray of hope

Life before getting a job is perhaps the toughest time. Your studies at the university or college have been completed, but the study loans(student loans) are now pending. You are still paying the interest charged by these loans. The job market is now more competitive than ever. You have to be patient during the unemployment period while waiting for employement. If there is winter now, can spring be far away! Your ego does not permit you to ask your friends for favors. Do not be half-hearted. The UK loan market has loan plans suiting your needs. These loans do not have the residential property security clause. Hence until you get a job, your requirements can be met with these loans.

During the unemployment period, the installments of previous loans often face a delay. Everybody is not born with a golden spoon. As you are unemployed you do not find means to regularize the repayment pattern. These delays may create problems in future. Credit history is correlated with the past credit behavior and credit worthiness of the borrower. Cheap unsecured loans offer an opportunity the unemployed youth to regularize their repayment pattern.

Your study loans can be repaid with the help of unsecured loans for unemployed. If there are multiple study loans you can consolidate them into a single loan. The new loan charges a less rate of interest. As the total interest burden on you is decreased, you can easily maintain regularity in installments . Cheap college loans charge the borrowers a lower interest rate as compared to credit cards. As the interest is calculated annually, the repayment amount is also less. Repayment period can be extended up to 10 years. Hence job seekers need not blame the financial constraints anymore. Apply for the online unsecured loans for unemployed today to make these tough periods of life easier.

http://www.bestsyndication.com/

3 Schools Act To Settle College Loan Questions

Three private colleges in Connecticut will add a total of $75,000 to their scholarship funds to settle allegations of questionable arrangements with a student loan agency, Attorney General Richard Blumenthal said Monday.

Trinity College, Fairfield University and Sacred Heart University all denied any wrongdoing but agreed to abide by a code of conduct that would no longer permit the kind of arrangement they had with the College Board.

The three schools received discounts on computer software from the New York-based college loan agency as part of an arrangement that included placing the agency on their list of preferred lenders. The arrangement had not been disclosed to student borrowers and "potentially violated consumer protection laws," Blumenthal said.

The schools were among 17 private colleges and universities in Connecticut signing a new code of conduct that Blumenthal called "the gold standard for the whole country in conduct and standards for student loans."

The code is the result of a continuing investigation of student lending practices in Connecticut, Blumenthal said. Officials at the state's public colleges - including the University of Connecticut, the Connecticut State University system and the Connecticut Community Colleges system - also are considering similar codes of conduct.

The student lending industry came under intense scrutiny this year after investigations in New York and elsewhere uncovered conflicts of interest and questionable lending practices. In New York, Attorney General Andrew M. Cuomo reported finding illegal steering to preferred lenders along with cases in which college financial aid officers received gifts, held stock in lending companies or got consulting fees from lenders.

Source : http://www.courant.com/

Student loans basics

Student loans come two primary sources -- the federal government and private lenders. In order to obtain federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). The FAFSA is your application for all federal financial aid including federal student loans. There are four main federal loan programs:

* Federal Stafford Loan
* Federal PLUS Loan
* Federal Graduate PLUS Loan
* Federal Consolidation Loan

You can learn the ins and outs of each at their respective page on this site. The Federal Stafford loan is made in the name of the student, is based on need, does not require a credit check (it's guaranteed by the government rather than credit/income/assets, etc.) and does not have to be repaid until after the student graduates, leaves school or stops attending on at least a half-time basis. Some school offer Stafford loan directly through the federal government. These are commonly known as Direct Stafford Loans. The schools that offer Direct Loans are known as Direct Lending Schools. Other schools offer Stafford loans ( college loans) through banks or other lenders. These schools are commonly called FFEL schools (Federal Family Education Loan). In order to obtain a federal Stafford loan through a FFEL school, you will need to choose a lender.

source : http://www.estudentloan.com/

New Math For Calculating College Loans

Is there such a thing as a guaranteed personal loan? Well, sort of. First of all, there is no guarantee of you receiving any loan apart from the official approval of the lender. Second of all, the type of loan being offered may not meet your needs. Let’s take a look at guaranteed personal loans and how you can apply for one today.

Words matter. They really do. The term “guaranteed personal loan” is used to describe different lending vehicles, but for the sake of ease it generally covers the following names:

1.Payday loan

2.Cash advance loan

3.Cash flow loan

4.College student loans

In other words, these types of loans are short term loans charging a very high interest rate, rates that are well above what you could expect to pay even with the worst credit card plan. College Loans are also one kind of personal loans that can be guaranteed.

For instance, let’s say you want to borrow $1000 until the next payday. One such lender will be happy to let you borrow the funds provided that you have a checking account and a job. By filling out an online application, approval can be given in as little as one hour and the funds deposited immediately to your checking account.
source : http://www.content-articles.com/

College Loan Options

Education Loans Come in Many Shapes and Sizes

• 54 percent of all financial aid comes in the form of loans.
• Some loans are need-based—meaning that they're awarded when the family demonstrates financial need.
• Other education loans are not need-based. Instead, they're designed to help pay the family share of costs.

Some Advice

Need-based loans tend to have better terms, so you should consider those loans first.

Student Loans

There are four main types of college student loans:

Private student loans : A number of lenders and other financial institutions offer private education loans to students. These loans are not subsidized and usually carry a higher interest rate than the federal need-based loans. The College Board private loan program is an example of a private education loan for students.

College-sponsored loans : Some colleges have their own loan funds. Interest rates may be lower than federal student college loans. Read the college's financial aid information.

Other loans : Besides setting up scholarships, some private organizations and foundations have loan programs as well. Borrowing terms may be quite favorable. You can use Scholarship Search to find these.

source : http://www.collegeboard.com/student/pay/loan-center/433.html

College Loans Legislation

Missouri's college loan authority would gain new powers to make loans to families of K-12 students under legislation passed by the Senate on Wednesday night.

The Missouri Higher Education Loan Authority already can make loans to the families of high school juniors and seniors enrolled in college credit courses, though the agency has not been doing so, said Quentin Wilson, the agency's associate director for access and success.

The bill by Sen. Gary Nodler, R-Joplin, would allow loans to be made for any elementary and secondary student, regardless of whether they are enrolled in college credit courses.

It also gives MOHELA authority to create or fund college preparatory programs, which generally provide guidance to middle, junior or senior high students interested in later going to college.

source : http://www.cheapcollegeloans.co.uk/

College loans or student loans ?

Are you going to a graduate school or college ? You can have a lot of things to consider besides studying for GRE/GMAT and choosing the right location and area of study that will definitely determine the remainder of one's life. Additionally you have to be sure that you don't fall to far into the debt after your college. Thats why, one must research for college student loans. One of the best ways to save money is student loan consolidation as it only requires to pay the loans back in small amounts or EMI. One can also look into college loans and private student loans.

If you have a college loan, a borrower may take out more money but it will have to pay it at a higher rate.

source: http://loansonline.blog.co.uk/2007/03/12/college_loans_or_student_loans~1889145

Can college students have a credit card

For those youngsters leaving the nest and going out on their, a student credit card is ideal for them. More and more college students are paying with the plastic these days, and more so now than ever it is becoming a trend to not carry any paper money with you. It seems sometimes the more you have the better status you have.

For the most part a student credit card is ideal for those emergencies that tend to pop up at the worst times, like a flat tire in the middle of now where, with no one within a 50 mile radius. Another use for college loans is let’s say you need some books, and the only place you can find them anywhere cheap is online, well without a credit card you would have to be shelling out more, so with the credit card you might even save money. Some credit card companies even offer discounts on school supplies or even travel rewards for those long trips home to do your laundry.

When applying for a student credit card you are indeed taking risk, a risk on your future financial status. You are potentially setting yourself up for payments for the rest of the cards life. You are tied down to make a payment every month whether it is for the full amount or only a partial amount, it must be made. You also take the risk of the APR going up. The majority of credit card holders including college students loans do not pay attention to what they sign or turn in as far as applications go, this gets them into some trouble down the road unfortunately.

source:http://www.ezinearticles.com/?I-Go-To-School-Can-I-Have-A-Credit-Card?&id=460358