You are required to fill out and submit an online FAFSA in order to be considered to receive federal aid in Florida. Once you submit the FAFSA, you'll be considered for grants, work study programs, and federal student loans. The Department of Education sets the eligibility guidelines for student loans in Florida. They'll consider several factors such as income, net assets, number of family members, and living expenses when identifying your financial need. Contact our helpful representatives to learn more.
In this tough economy, many workers have experienced job loss and financial hardship in Florida. If you've lost your job, and have student loans, many loan programs include deferment and forebearance benefits, allowing you to postpone payments for a pre-determined period of time. While some lenders allow you to defer your loan payments, others don't, and still other lenders handle forbearance on an individual basis. Contact our representatives today to find college loans in Florida that'll meet your needs.
There are numerous advantages of getting private student loans to finance your education. For example, many private student loan programs in Florida don't require you to start making payments until after you have graduated. Other loans will require college students to begin making payments while they're still in school. With a few 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 Florida student loans in the end.
Before applying for a private student loan, make sure you have taken advantage of free-money options and federal financial aid first. Since private student loans in Florida 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 options available for financial aid, a private student loan should usually be your last resort. Call our representatives for additional information about student loans in Florida.
In Florida and other areas of the country, a Stafford loan is a government subisidized loan for undergraduate and graduate students. Stafford loans are affordable because they have low interest rates that are fixed. For example, graduate students can take advantage of interest rates as low as 6.8 percent. Undergraduate students can often secure interest rates between 3.4 and 5.6 percent. Unlike non federal student loans in Florida, a Stafford loan does not require credit checks, collateral or application fees. Contact our associates today for more information.