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Michigan{CITY_NAME} Student Loan Services

  • Private Student Loans
  • Federal Student Loans
  • Financial Aid
  • College Grants
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Some things to consider:

  • Student Loans have very different interest rates

  • There are many different types of loans

  • We can help you determine what is best for you!

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Student Loans in Michigan

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Before you apply for a private student loan, make sure you have taken advantage of all your federal financial aid and free-money options first. Because Michigan private student loans are typically more costly than federal student loans, you need to make sure you have taken advantage of all your low-cost federal student loan options first. Since there there are many different choices available for financial aid, a private student loan should be your last resort. Contact our representatives for more information about student loans in Michigan.

The federal government offers three different types of federal student loans for Michigan students. The loans available are Stafford loans, Parent PLUS loans and private student loans. Stafford loans are issued directly to the college student and doesn't require collateral or take credit scores into consideration. Parent PLUS loans are specifically designed for parents of undergraduate college students and enable parents to borrow up to 100% of their child's academic expenses. Third, private student loans are credit-based, unsecured loans available to Michigan students.

Since private student loans in Michigan tend to be more expensive than other kinds of student loans, you should think about additional options for student financial aid. More affordable education loan options include Perkins loans, Stafford loans, Grad PLUS loans and Parent PLUS loans. As a college student, it is wise to explore financial aid resources in Michigan that are affordable and will save you money. Call our associates to learn more about student loans in Michigan.

There are many benefits of getting private student loans to finance your college education. For example, many private student loan options in Michigan let you to delay payments while you are still in school. Other private student loan programs require that you start making payments on the loan immediately. With some private student loan programs, you may make interest-only payments while you are still in school. This enables you to pay down the interest on your Michigan student loans as quickly as possible and save money.

Federal student loans are college loans issued to students in Michigan and other states by the federal government that come with low interest rates and don't need to be repaid until you have received your diploma. Once you submit a Free Application for Federal Student Aid (FAFSA), the Department of Education generates a report that will tell you the loans you qualify for in Michigan. You must demonstrate at least some financial need in order to be eligible for federal aid. The government examines the income and assets of you and your parents to determine your level of financial need.

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