The best student loans to get are federal education loans, as they have the lowest interest rates and the most flexible repayment terms when compared to their private loan counterparts. Because federal loans are vastly superior to most private student loans, I recommend to students that they only apply for private loans after they have [...]
in Federal Student Loans, Student Loans,
by Jeff Bullock
Getting low interest student loans is essentially about exhausting your options in terms of federal aid before turning to any sort of private education loan funding. This is because most federal student loans come with lower interest rates than the majority of private loans that are on the market, and because most student borrowers do [...]
Students often ask me about direct student loans, and what they are exactly. Direct student loans are federal education loans that are provided by the Department of Education, and are not to be confused with uncertified student loans, which are often characterized as direct-to-consumer loans. With the inception of the Student Aid and Fiscal Responsibility [...]
in Graduate Loans, Student Loans,
by Jeff Bullock
Graduate student loans can provide you with the money you need to pay for your graduate or professional school education, and before you haphazardly go about applying to lenders without any rhyme or reason, you should first understand that there are four major categories of graduate student loans that you may want to consider: Federal [...]
in Federal Student Loans,
by Jeff Bullock
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 [...]
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 [...]
in Student Loans,
by Jeff Bullock
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 [...]
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 [...]
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 [...]
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 [...]