By Susan - Friday 12 Dec 4:06 pm
Veterans need not be excluded from going to college, applying for college loans or scholarships. There are options available for every individual, especially for Veterans, and these options are inclusive of college loans and scholarships.
By serving the country during your military career, it is felt that the country is indebted to your service and it is thought that the opportunity to study might not have presented itself to you before as time was spent in service of your country. For this reason, Veterans are highly eligible for college loans and scholarships, and there are benefit programs in place that Veterans and their families can take advantage of. Scholarships are more frequently offered to veterans than college loans are.
There are numerous college loan opportunities that are funded by the government, but also state funded college loan and scholarship programs. In addition to this, there are many private institutions that will offer veteran college loans and scholarships, but at a slightly higher interest rate. These rates are determined by the individual institutions and should be confirmed before an application for your college loan is made. Scholarships and benefits are also made available to the children of military Veterans.
Application forms for government funded college loans and scholarships as well as for privately funded college loans can be obtained from the colleges or schools that you are planning to study at. These forms can be handed in at the school’s reception and will then be submitted to the Department of Veteran Affairs by the registrar of the school you are applying at. You can apply for your college loan or benefit directly to the Department of Veteran Affairs by clicking here. Veterans have 10 years from the date of being released from duty to take advantage of their education benefit.
Sallie Mae has teamed up with Veterans Advantage to offer a competitive college loan available only to military veterans. Veterans Advantage is a portal that offers veterans incredible rewards in all spheres of retail, financial, health, entertainment and many other dimensions of day to day life. College loans are another dimension that offer veterans an opportunity they might not have received during their service. Sallie Mae has a few options available for veterans, and VA (Veterans Advantage) card holders can use their membership cards to log into the Sallie Mae College Answer website to find further information on college loans specifically tailored to suit their needs and financial situations.
Standard government funded college loans (FFELP) are probably the best place to start when applying as a veteran. Alternatively, college loans can be applied for with private institutions provided the applicant is willing to pay a substantial amount more in interest charges than as would be with federal college loans. By shopping around for college loans, you will become familiar with the advantages and disadvantages of all available college loans, and you will be able to make an educated (excuse the pun) decision.
Posted in: College Degrees, College Loans
By Susan - Thursday 4 Dec 2:10 pm
The internet is always a hive of activity and source of information with regards to any and every topic. College loans and the information thereto are no different. You can find virtually anything and everything you want to know about college loans and the application process, eligibility requirements, funding available and frequently asked questions. But some sources that offer this important information are better than others.
We rate the Top 10 websites for information pertaining to college loans and application for college loans, based on the amount of valid information they store and the usability factor.
1. Sallie Mae (www.salliemae.com) – Not only does Sallie Mae provide excellent and popular resources for college loans, both private and federal, but the information contained with regards to these topics is vast and well thought out.
2. Chase (Chase) – Also a leader in providing federal and private college loans, and offering an extensive portal of information with frequently asked questions and a user friendly structure
3. Next Student (www.nextstudent.com) – Offering information for before application for your college loan, during application and during study time and then after. Including extensive FAQ’s and thorough background on the internal processes
4. Astrive Student Loans (www.astrivestudentloans.com) – Although not offering college loans at present due to fluctuations in the financial markets, they offer excellent advice on where to take your applications and the processes involved in applying for a college loan
5. E Student Loan (www.estudentloan.com) – Comprehensive information from all the basics to understanding the different types of college loans available. Actual college loan applications are outsourced to a financial services provider, this is purely an information portal, although it is linked to the loan provider
6. Simple Tuition (www.simpletuition.com) – A wide range of resources, tips and helpful information for students and parents requiring college loans of either a private or federal nature. Affiliated with a number of well known money lenders
7. Lending Tree (Lending Tree) – Contains many useful guides and articles for would be students seeking information regarding their future college loans
8. American Education Services (www.aesuccess.org) – In depth information regarding college loans, but also planning guides, money management, college loan comparisons, grants and scholarships and many more topics
9. US Bank (UsBank.com) – A portal for online college loan applications, but also containing valid and up to date information regarding the technical specifics of college loans. Included is a section for counselling is also included which is quite pertinent when dealing with such a stressful responsibility as money lending
10. Wells Fargo – (Wells Fargo) – Another online portal for applications that is inclusive of all the background information that you need to know before applying for your college loan
Although these websites are listed in an order, they are all helpful and useful in their own ways. In order to be 100% positive about what is required and what is entailed with an application for a college loan, it would be a good idea to check them all out and be fully equipped.
Posted in: College Degrees, College Loans
RSS FEEDS
