In today's economy, many workers are experiencing financial hardship and job loss in Arizona. If you've lost your job, and have an education loan, many student loan programs include forbearance and deferment benefits, enabling you to defer making payments for a period of time defined by the lender. Although some lenders will let you delay your loan payments, others don't, and still others handle forbearance issues on an individual basis. Call our reps right now for additional info on the best student loans available to students in Arizona.
Since private student loans in Arizona tend to be more expensive than other types of student loans, you should look at additional options for student financial aid. Other low-cost student loan options include Stafford loans, Perkins student loans, Parent PLUS loans and Grad PLUS loans. As a potential college student, it is wise to explore financial aid options in Arizona that are affordable and will save you money. Call our associates for more information about student loans in Arizona.
College students will want to exhaust all of their financial aid and college scholarship resources before applying for private student loans to fund their college education. Because Arizona private student loans are typically more costly than federal student loans, you need to make sure you have taken advantage of all of your low-cost federal student loan options first. Since there are so many different choices available for financial aid, a private student loan should usually be your last resort. Contact our associates to learn more about student loans in Arizona.
There are many benefits of getting private student loans to finance your education. For example, many private student loan programs in Arizona let you to delay payments while you are still in college. Other private student loan programs require that you start paying the loan back right away. With some private student loan programs, you may make interest-only payments while you are still in school. That way, you can pay down the interest on your loan as soon as possible, and save money on your Arizona student loans in the end.
You'll find three different types of federal student loans issued by the government that are available to students attending college in Arizona. The loans available are Stafford loans, Parent PLUS loans and private student loans. Stafford loans are issued directly to the student and does not require collateral or take credit scores into consideration. The second loan (Federal Parent PLUS Loan) is geared toward parents of undergraduate students. With a Arizona college student loan, parents can borrow up to 100% of their child's tuition. Third, private student loans are credit-based, unsecured loans available to Arizona students.