Federal student loans are loans with low interest levels that you don't have to pay back until after you have graduated from college in Connecticut. Once you submit an online FAFSA, the Department of Education generates a report that details the loans you qualify for in Connecticut. You are required to have a certain level of financial need to be qualified to receive federal loans The government examines the assets and income of you and your parents to determine your level of financial need.
When it comes to finding a student loan to pay for college, private student loans offer several benefits. For example, many private student loan options in Connecticut let you to defer payments while you're still in school. Other loans will require students to begin making payments while they're still in school. Other private loan options enable you to make interest-only payments while still enrolled in classes. This allows you to pay down the interest on your Connecticut student loans as quickly as possible and save money.
Since private student loans in Connecticut are more expensive than other types of student loans, you should think about additional options for student financial aid. More affordable education loan options include Stafford loans, Perkins loans, PLUS loans for parents and Grad PLUS loans As a college student, it is smart to explore financial aid resources in Connecticut that are affordable and will save you money. Call our associates for more information about student loans in Connecticut.
In Connecticut and other areas of the country, a Stafford loan is a government subisidized loan for graduate and undergraduate students. Stafford loans are affordable because they have low interest levels that are fixed. Interest rates for graduate students are usually as low as 6.8 percent. Undergraduate students can take advantage of interest rates between 3.4 and 5.6 percent. Unlike non federal student loans in Connecticut, a Stafford loan does not require credit checks, collateral or application fees. Contact our representatives today for more information.
In today's economy, many workers are experiencing financial hardship and job loss in Connecticut. If you are out work, and have an education loan, many loan programs include deferment and forebearance benefits, allowing you to defer making payments for a pre-determined period of time. While some lenders allow you to delay your education loan payments, others don't, and still others handle forbearance issues on an individual basis. Contact our representatives right now to locate college loans in Connecticut that'll meet your needs.