Students sometimes have questions about the differences between federal and government student loans, when in reality they shouldn’t as they are both roughly the same thing. I say “roughly” because using the term government student loans can sometimes refer to both federal, and state student loans, and not simply the education loans that are provided [...]
in Federal Student Loans,
by Jeff Bullock
FFELP Student Loans are education loans that were provided via the Federal Family Education Loan Program that recently came to a close with the enactment of the Student Aid and Fiscal Responsibility Act, or SAFRA. The FFEL Program had been in existence since 1965, and had been a favorite of colleges, and other postsecondary institutions [...]
Knowing how to get student loans with no cosigner is critical if you have no credit, or bad credit, and still need to come up with a significant amount of money to pay for your college education. While many students lose hope when they find out that most private student loan lenders will always require [...]
in Federal Student Loans,
by Jeff Bullock
Most students that I speak with only think of PLUS Loans as parent student loans that can only be utilized if one, or both of their parents agrees to take out a student loan on their behalf. While this is true for the conventional type of PLUS Loans, there are Graduate PLUS Student Loans that [...]
in Federal Student Loans,
by Jeff Bullock
The Federal Perkins Loan Program is a government initiative that is geared towards providing federal education loans to students that demonstrate a very high financial need. Most of the loans that are provided as a result of this program are more commonly referred to as Perkins Loans, and they are much more difficult to get [...]
Student loan consolidation is something that almost any student with education loan debt should take into consideration, as it can potentially reduce monthly payment amounts, as well as decrease the overall costs of student loan debt. Consolidating student loans typically consists of taking out a completely new loan that will pay off the current amount [...]
in Federal Student Loans,
by Jeff Bullock
Federal student loans include education loans that are provided via the Direct Loan Program by the Department of Education. The Federal Family Education Loan Program, or FFELP, has officially been discontinued by the federal government, and now all federal student loans will be funded “directly” by the Department of Education, without the need of any [...]
in Federal Student Loans,
by Jeff Bullock
Direct Stafford Loans are federal student loans that are provided on an annual basis to both undergraduate, and graduate students. There are two Stafford Loans—the Direct Subsidized Loan, and the Unsubsidized Loan. The Direct Subsidized Loan is based upon need, and does not accrue interest while you are in school. The Unsubsidized Loan does accrue [...]
in Federal Student Loans,
by Jeff Bullock
Direct PLUS Loans are federal student loans that are offered as part of the Direct Loan Program, and are a bit different than other types of federal education loans in that they are based in-part on credit. There are two kinds of PLUS Loans, and which one you qualify for is dependent on whether you [...]
You must satisfy the federal student aid eligibility requirements in order to become eligible for the financial aid that is provided by the federal government. There aren’t too many of these that you must pay attention to, but it is still important that you survey this list before you go ahead and actually fill out [...]
