We Rate the Top 10 Websites for 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

Comments  | | Permalink

How Can I Get Student Loans for College?

By Susan - Tuesday 25 Nov 7:12 pm

Applications for college can be hugely determined by affordability, and first choices can even be set aside by financial issues. With student loans for college, these problems can be diminished and students are able to actually apply to their first choice education facility without any worry. Student loans for college have in fact become so much in demand that many financial institutions have been set up solely to offer this service.

Applying for student loans for college is a fairly simple process, provided you are armed with the correct information when you embark on this exciting journey. Below is a guide for those who are unsure of where to start and how the process of applying for a student loan for college actually works.

You have a choice between federal finance options and private student loans for college. Federal student loans for college are generally a more attractive choice in terms of repayment options and interest rates, but sometimes the federal route doesn’t cover all your expenses in which case a private student loan for college would have to be applied for. The Federal option is a government secured student loan with minimal interest charges and deferred payments until graduation. No credit checks are carried out on federal student loans for college before implementation and there are no application fees payable. Private loans are a more complicated process, and will require credit checks being carried out on the applicant. Once approved, the interest rates are determined by the financial provider, and can be significantly higher when compared with Federal loans.

It is highly recommended that you apply for a federal student loan for college even if you speculate that you might not qualify. Contrary to popular belief, approval is not solely based on what monthly income comes into your household so it is worth attempting at the very least. You will need to fill out an application form to verify if you are eligible for federal financial loans and grants. It can be completed online at www.fafsa.ed.gov or can be mailed to your home address. Your parent’s tax information will be needed for submission when applying for a federal student loan for college, so it is imperative that this information be kept up to date. You will also need to submit your social security number and your high school diploma or equivalent, and you will need to be able to show that you are enrolled in a college program and that your student loan for college will be exactly that: for educational purposes only.

Private student loans for college are offered by most banks and a host of financial institutions that can be located by doing search on the internet. Some institutions are more highly recommended than others and offer more competitive interest rates and repayment options, so it is also important to do your homework and investigate the charges and benefits associated with each provider.

Applying for a student loan for college need not be the difficult process that you envisage when you are equipped with the right information, and you take it one step at a time.

Posted in: College Degrees, College Loans

Comments  | | Permalink