A Stafford loan is a subsidized federal loan given to undergraduate students and graduate students in all parts of the country including Oregon. 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 take advantage of interest rates between 3.4 and 5.6 percent. Unlike non federal student loans in Oregon, a Stafford loan doesn't require application fees, collateral, or credit checks. Call our representatives today to find out more.
To be considered for student financial aid in Oregon, you will need to submit a FAFSA (Free Application for Federal Student Aid). Once you submit the FAFSA, you'll be considered for federal student loans, work study programs and college grants. The Department of Education sets the eligibility guidelines for student loans in Oregon. They'll consider a number of factors such as income, net assets, number of family members, and living expenses when identifying your financial need. Contact our friendly representatives to learn more.
The federal government offers three different types of federal student loans for Oregon students. The loans available are Stafford loans, Parent PLUS loans and private student loans. Stafford loans can be taken out under the student's name. This kind of loan does not require collateral or credit checks. Parent PLUS loans are specifically designed for the parents of undergraduate college students and allow parents to borrow up to 100% of their child's educational expenses. Third, private student loans are unsecured loan, credit-based loans available to Oregon students.
In this tough economy, many workers have experienced financial hardship and job loss in Oregon. If you've lost your job, and have an education loan, many student loan programs include forbearance and deferment benefits, enabling you to postpone payments for a pre-determined period of time. While some lenders will let you defer your loan payments, others don't, and still other lenders handle forbearance on an individual basis. Contact our associates today to find college loans in Oregon that'll meet your needs.
Because Oregon private student loans have higher interest levels than other types of loans, students should seriously look for more affordable education loan options. Other low-cost student loan options include Stafford loans, Perkins student loans, Parent PLUS loans and Grad PLUS loans. As a college student, you will want to explore financial aid options in Oregon that'll save you money in the future. Call our representatives for more information about student loans in Oregon.