College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider




How To Improve Your Credit To Get Student Loans
I am sure that many of you are students out there that are going through challenges with getting a student loan because you have had bad credit in the past. You could also have had no credit at all and you are worried if you can find a student loan with a good interest rate. Either way you need to make sure that you find a loan that will fit you.

We are going to take a look at some student loans that you can use to help you get tuition taken care of. We are also going look at some ways to improve your credit.

A Stafford Loan requires no credit check and you can get anywhere from $3,500 to $5,500 depending on what year you are in college. If you are married or over 24 then you can qualify for an additional $4,000. The same can be said if you are in the military.

PLUS Loans are parent sponsored loans so credit won't matter for you, but it will matter for your parents. This is a great way for a parent to bail you out if you have had a bad experience with your credit in the past.

A Perkins Loan is going to be better actually if you have a lower income, which means little or no credit. That is an interesting situation don't you think? They will cover a portion up to $5,400, but you will probably have a higher interest rate and you should ask your financial aid office for any help with this loan or any of the other government loans.

A direct to consumer private loan will be harder for any person to get because they will directly hand you the student loan that you decide how you spend it. It will probably require you to have a 700 credit score, but at the same time you can decide if you want to use it for tuition, books, room and board, or any form of college entertainment.

With all of these options you need to make sure that you take care of your credit and that you put together a good credit history so that your rates are better and you are able to get more freedom with how you pay back the loan. Student loans tend to have lower interest rates, but obviously even lower rates can save you years of payment and it is very exciting to get out of college with little or no debt.

One of the things you can do going into college or if you have children is start establishing credit history by getting a credit card and being on time with all of your payments. Use it often, but make sure that you can always pay off your credit cards and it will give you a good credit rating in six to twelve months. This can mean so much not just for a student loan, but also for a mortgage, car payment, and many other purchases.

Next if you have issues getting a credit card then look for co-signing options or a secured credit card that will allow for you to start somewhere. Next make sure that you can not only make monthly payments, but also bi-weekly payments if necessary. All of these things will save you a lot of money down the road.



 


Article Title : How To Improve Your Credit To Get Student Loans
Comment not found for this article.
 
Comment

Related articles
• Student Loan Consolidation Information - How Credit History Affects Student Loans
• Student Loan Consolidation Information - What Are PLUS Student Loans
• Government Student Loans - The Easy Way to Get a Student Loan
• Repaying Bad Credit Student Loans
• No Need for Concern with Bad Credit Student Loans

Share this story:
  • BlinkList
  • blogmarks
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz
 



EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
GREAT! That is the one word that would describe my experience with EdFed. I had an outstanding balance of over $100,000 in loans from medical school and they helped me save tens of thousands of dollars with their payment incentives. Thanks EdFed.
- Ellen R.  Cambridge, MA
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

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.

read more
CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
CALCULATORS
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Articles
Calculators
FAQs
Glossary of Terms
Loan Comparison Chart
Scholarship Search
Our Select 5/Graduated Payments repayment option allows for interest-only payments for the first 2 years of repayment. In the third through fifth years, payments increase to include a portion of principal. In the sixth year, payments increase to level installments of principal and interest payments for the remaining term of the loan.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2020 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
EDFED NEWSLETTERS
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives