In this tough economy, many workers have experienced financial hardship and job loss in Iowa. If you've lost your job, and have an education loan, many loan programs include forbearance and deferment benefits, enabling you to defer making payments for a period of time defined by the lender. While some lenders will let you delay your loan payments, others will not, and still other lenders handle forbearance issues on a case by case basis. Call our representatives right now for additional info on the best student loans available to students in Iowa.
There are many benefits of getting private student loans to finance your college education. For example, many private student loan programs in Iowa let you to defer payments while you are still in college. Other private student loan plans require that you start making payments on the loan immediately. Other private loan options allow you to make interest-only payments while still enrolled in classes. This allows you to pay down the interest on your Iowa student loans as soon as possible and save money.
To be considered for student financial aid in Iowa, you will need to submit a FAFSA (Free Application for Federal Student Aid). After you submit the FAFSA, you will be considered for grants, work study programs, and federal student loans. The Department of Education sets the eligibility guidelines for student loans in Iowa. The government takes into consideration factors including living expenses, assets, income, and the number of members in your family when determing your level of financial need. Contact our pleasant representatives to find out more.
In Iowa and other areas of the United States, a Stafford loan is a government subisidized loan for graduate and undergraduate students. The main beneft of getting a Stafford loan is low interest rates. 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 Iowa, a Stafford loan doesn't require application fees, collateral, or a high credit rating. Call our associates today to find out more.
The U.S government offers three different kinds of federal student loans for Iowa students. The loans available are Parent PLUS loans, Stafford loans and private student loans. The first loan (Stafford loan) can be taken out under the student's name. This type of loan doesn't require collateral or credit checks. Parent PLUS loans are specifically designed for parents of college students and enable parents to borrow up to 100 percent of their child's educational expenses. Third, private student loans are credit-based, unsecured loans available to Iowa students.