Monthly Archives: October 2014

Student Loans: Knowledge Is Power, And We Have What You Need

Student Loans: Knowledge Is Power, And We Have What You Need

Student Loans: Knowledge Is Power, And We Have What You Need

If you are like most young students hoping to pursue higher education, you are probably wondering how you will pay for it all. Student loans are likely in your future, but you need to learn more before agreeing to any terms. By reading the paragraphs below, you will have the information you need to manage your future wisely.

Communicate often with the lender. Tell them when anything changes, such as your phone number or address. Also, make sure that you immediately open and read every piece of correspondence from your lender, both paper and electronic. Make sure you take action whenever it is needed. You may end up spending more money otherwise.

Before applying for student loans, it is a good idea to see what other types of financial aid you are qualified for. There are many scholarships available out there and they can reduce the amount of money you have to pay for school. Once you have the amount you owe reduced, you can work on getting a student loan. Continue reading

What Every Student Needs To Know About Student Loans

What Every Student Needs To Know About Student Loans

What Every Student Needs To Know About Student Loans

Student loans can often be intimidating. The reason for this is that they lack sufficient information about the process. By reading this article, you can educate yourself about these loans.

Make sure you keep track of your loans. You should know who the lender is, what the balance is, and what its repayment options are. If you are missing this information, you can contact your lender or check the NSLDL website. If you have private loans that lack records, contact your school.

Once you leave school and are on your feet you are expected to start paying back all of the loans that you received. There is a grace period for you to begin repayment of your student loan. It is different from lender to lender, so make sure that you are aware of this. Continue reading