I get questions from students all the time about how to refinance student loans, and the truth is while this topic can be a bit confusing, it shouldn’t be due to the fact that the refinancing process is fairly simple if you can first determine exactly what type of student loan debt you have. Remember [...]
in Other Loans, Student Loans,
by Jeff Bullock
Students must understand the differences between authentic student loans, and what I would consider to be personal loans, or even payday loans. There are two major categories of students loans—federal student loans, and private student loans, and because not all education loans are provided by the federal government, it can sometimes be difficult to determine [...]
in Repayment, Student Loans,
by Jeff Bullock
Paying off student loans in an appropriate manner is really about knowing your options in regard to the amount of repayment benefits that may be available with a particular student loan, along with being able to act accordingly when confronted with various scenarios. This really isn’t very complicated, as you may be able to utilize [...]
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 [...]
in Private Student Loans, Student Loans,
by Jeff Bullock
Students looking for guaranteed student loans should first understand that the term “guaranteed” can mean a few different things when used to describe education loans. Description of Private Student Loans Insurance for Federal Student Loans Insurance for certain types of State-based Aid Insurance for Private Student Loans The less common use of the term has [...]
Uncertified student loans, also known as direct-to-consumer student loans, are private education loans that don’t have to be verified by your college in order to get an approval. Most private education loans require a school official to “certify” that the amount of the loan does not go over what is your cost of attendance minus [...]
in Private Student Loans, Student Loans,
by Jeff Bullock
Sallie Mae student loans include education loans that are provided by the company Sallie Mae. Before the Student Aid and Fiscal Responsibility Act was signed into law in 2010, Sallie Mae served as a lender for both federal and private student loans. Now they are only able to provide private student loans due to the [...]
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 Repayment, Student Loans,
by Jeff Bullock
AES student loans are essentially any student loan that is serviced by the company American Education Services. AES doesn’t act as a lender for any student loan, and rather acts as a servicer for a wide-variety of education loans, including various FFELP loans, and numerous private student loans. As a student loan servicer, AES collects [...]