In North Dakota 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 levels that are fixed. Interest rates for graduate students are usually as low as 6.8 percent. The interest rates for undergraduate level students range between 3.4 and 5.6 percent. Unlike non federal student loans in North Dakota, a Stafford loan doesn't require application fees, collateral, or credit checks. Call our associates today for more information.
Since private student loans in North Dakota are more expensive than other types of student loans, you should think about other options for student financial aid. Other low-cost student loan options include Stafford loans, Perkins student loans, Grad PLUS loans (for graduate students), and PLUS loans for parents. As a college student, you should explore financial aid options in North Dakota that'll save you money in the future. Contact our representatives to learn more about student loans in North Dakota.
In today's economy, many workers have experienced financial hardship and job loss in North Dakota. If you are out work, and have student loans, many loan programs include forbearance and deferment benefits, enabling you to postpone payments for a period of time defined by the lender. Although some lenders will let you delay your loan payments, others will not, and still other lenders handle forbearance issues on an individual basis. Call our representatives right now for further information on the best student loans available to students in North Dakota.
Before applying for a private student loan, make sure you have taken advantage of all your federal financial aid and free-money options first. Since private student loans in North Dakota are costlier than federal student loans, you will want to take advantage of federal student loans before you apply for non federal student loans. A private student loan should typically be your last funding resort once you have exhausted all other funding sources. Contact our representatives for more information about student loans in North Dakota.
Federal student loans are low-interest loans that you don't have to pay back until after you graduate from college in North Dakota. Once you submit a Free Application for Federal Student Aid (FAFSA), the Department of Education generates a student aid report that details the types of federal loans for which you qualify in North Dakota. You are required to demonstrate a certain level of financial need to be qualified to receive federal loans The government examines the income and assets of you and your parents to determine your level of financial need.