In Oklahoma and other areas of the country, a Stafford loan is a government subisidized loan for graduate and undergraduate students. The main advantage of a Stafford loan is low fixed interest rates. Student loan rates for graduate students are usually as low as 6.8 percent. Student loan rates for undergraduate level students range between 3.4 and 5.6 percent. Unlike non federal student loans in Oklahoma, a Stafford loan does not require credit checks, collateral or application fees. Contact our associates today to learn more.
Federal student loans are college loans issued to students in Oklahoma and other states by the federal government that come with low interest levels and don't need to be paid back until you have received your diploma. Once you submit an online FAFSA, the Department of Education generates a student aid report that includes the types of loans for which you qualify in Oklahoma. You are required to demonstrate a certain level of financial need to be eligible for federal loans The government examines the income and assets of you and your parents to determine your financial need.
You are required to fill out and submit an online FAFSA to be considered to receive federal aid in Oklahoma. Once you submit the FAFSA, you'll be considered for grants, work study programs, and federal education loans. The Department of Education determines the eligibility guidelines for student loans in Oklahoma. The federal government takes into consideration factors including living expenses, assets, income, and the number of family members when determing your level of financial need. Contact our pleasant representatives to learn more.
Because Oklahoma private student loans have higher interest rates than other kinds of loans, students should seriously look for more affordable education loan options. More affordable education loan options include Perkins loans, Stafford loans, PLUS loans for parents and Grad PLUS loans As a college student, it is wise to explore financial aid options in Oklahoma that are affordable and will save you money. Call our associates to learn more about student loans in Oklahoma.
In today's economy, many workers have experienced financial hardship and job loss in Oklahoma. If you've lost your job, and have student loans, many student loan programs include deferment and forebearance benefits, enabling you to defer making payments for a pre-determined period of time. While some lenders allow you to delay your education loan payments, others will not, and still others handle forbearance issues on a case by case basis. Call our representatives today for additional information on the best student loans available to students in Oklahoma.