Iowa college students, like all other students, should consider free sources of money such as college grants and scholarships before considering taking a student loan. And when you need to take up a loan to cover any shortfalls you have, your first option should always be federal student loans such as the Perkins Loan.
Iowa Student Loan
This is a non-profit student loans lender that helps families in the state find the right loan package for college. They provide both federal and private loans. Students can apply for the following private loan packages from them (you can get more information by visiting studentloan.org: Continue reading more about the Iowa student loans programs…
ACS Education Services is an institution that helps student loan holders manage their student loans by providing repayment services. ACS serves private student loans, federal student loans and campus based loans. ACS can provide services such as student loan consolidation, deferments and forbearance and student loan forgiveness.
The company boasts a wide array of services for student loan holders. Students are encouraged to use their federal loans consolidation program.
Before you Consolidate:
Before you decide if you should consolidate your federal student loans or not, you should consider the following: Read more about the ACS student loans
What is a tuition reimbursement program?
The program refers to a practice where companies pay back the cost of tuition for employees that go back to college. The company may pay back a percentage or the full cost of tuition. This program is also known as the employer reimbursement program (ERP).
Most programs will only pay back the cost of tuition and do not include other expenses such as books, food and board. It also do not include fees such as student activity fees.
Why will your employer pay back your tuition fee?
The continuing rise in the cost of college education mean that most people cannot afford to pay by themselves. Students currently in Read more about tuition reimbursement
The Perkins Loan is a Federal college loan that is guaranteed by the government. It is disbursed through the college a student will be attending. The Perkins Loan is federal financial aid instrument based on serious financial need. It has a low interest and a longer repayment period.
Compared to other federal loans such as the unsubsidized and subsidized Stafford Loans, there are fewer Perkins loans given out each year. In order to successfully receive a Perkins Loan, a student is advised to apply early to their college of choice and to complete their financial aid application package very early. A student must also demonstrate serious financial need. Read the full Perkins Loan story
Chase has developed a strong student loans program in recent years. Though a private lender, Chase has a dedicated student loans division. Like so many private lenders out there competing for the same pool of borrowers, Chase has had to shift some of its focus unto students. The number of students taking our private student loans keeps exploding each year.
Chase Student Loans Products
College students offer lenders the opportunity to develop different loans packages to meet the needs of each type of student. Chase has school loan packages for both undergraduate and graduate level studies. Most students will find out that free financial aid packages like scholarships and grants will not cover their entire college financial needs. They therefore have to borrow to bridge the gab between Read the full story about Chase student loans
Most college students hold some federal student loans. Some have unsubsidized or subsidized loans and some have both. Some students also have Perkins Loan. Graduate students may also have the PLUS Loan. Some students use a combination of federal loans to pay for college. After you graduate and have exhausted your six months grace period, you are burdened with the task of making different monthly payments on your loans.
Some graduates will be able to easily pay off their loans but a majority of students will struggle to do so. What happens when you miss a payment? What if you start making consistent late payments? What if your paycheck simply can’t support your payments? Yes you can default but we encourage consolidation over default.
There are federal consolidation loans available to you to better manage your student loan debt. Read the full article for federal student loan consolidation
For most graduates, student loans debt becomes one of their biggest headaches and major source of stress. Even graduates who are not considered to be financially needy feel the pinch. Many students have the same questions below about student loans consolidation.
- What does consolidation mean?
- What student loan types qualify for consolidation?
- Which lenders can consolidate my student loans?
- Should I or Should I not consolidate my loans?
We will try and answer these questions below. [Click to read full text…]