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Good Lord, This Can't Be the Best Student Loan For College Students
The best student loan you will ever find will come from the Federal Government. That is exactly what we found out after speaking to hundreds of students, several financial aid advisors and friends at the local bank. I'll share with you the top 7 reasons why these people are "spot on".

7 Reasons Why The Government Student Loans Has the Best Student Loans on the Market

1. Aside from the application process through FAFSA, these are the easiest student loans you can get.

2. The government will overlook your credit report when determining if you qualify for one of their loans.

3. Federal Student Loans are guaranteed and the minute you receive your FAFSA report you can begin shopping around for your student loan. The report you will receive from FAFSA is called Student Aid Report or SAR for short. Also, each college will have a list of financial institutions that offer student loans for you.

4. Believe it or not, federal student loans have the best interest rates in the industry. Over the next 3 years these interest rates will be falling dramatically.

Helpful Hint, if you have money saved up for college, use all of it now and start borrowing your last few years or semesters in college. In 3 years the interest rate will fall from 6.8% down below the 4% range.

5. Government Student Loans allow you to defer payments until after you graduate. In fact you will receive a grace period before you have to begin your student loan payments.

6. Federal loans have a favorable and flexible repayment options. If you need to change your payments or consolidate your student loans they allow you to do so, hassle free.

Eager Beavers do not worry, you can payoff your loan early without penalties.

7. If you are a graduate student seek a federal student loan first and if you still need more money then start looking for a Graduate PLUS loan. This is mainly based on interest rates and the lower the rate, the less you need to pay back.

Become good friends with your college financial aid advisor. They are a tremendous help with it comes to borrowing money for college. They also have a list of lenders who are reliable and have a lot of experience.

Anytime you have someone begging you to borrow money from them or ask you to consolidate your student loans run the opposite direction. These people are scam artists and they are very good at what they do. Don't fall for their trap, it could set you back many years.

Reliable lenders have the experience to guide you, advise you and offer the best student loan for your situation.

The lenders we use are Discover for our graduate student and our local bank (US Bank) for our undergraduate. Other lenders that we've heard excellent results is Chase. I know there are more options out there and even though the banking industry is a mess right now, you can still receive your money for college.


Article Title : Good Lord, This Can't Be the Best Student Loan For College Students
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

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