College students will want to exhaust all of their financial aid and college scholarship resources before applying for private student loans to finance their education. Because Rhode Island private student loans are typically more costly 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 other funding sources. Call our associates to learn more about student loans in Rhode Island.
Student are required to fill out and submit an online FAFSA to be considered to receive federal aid in Rhode Island. Once you submit the FAFSA, you'll be considered for federal student loans, work study and college grants. The Department of Education sets the eligibility guidelines for Rhode Island student loans. The federal government takes into consideration factors including assets, family expenses, income, and the number of family members when determing your financial need. Call our pleasant representatives for more information.
In this tough economy, many workers have experienced financial hardship and job loss in Rhode Island. If you've lost your job, and have an education loan, many student loan programs include forbearance and deferment benefits, allowing you to defer making payments for a pre-determined period of time. While some lenders will let you defer your education loan payments, others don't, and still others handle forbearance on an individual basis. Call our reps today for further info on the best college loans available to students in Rhode Island.
In Rhode Island and other areas of the country, a Stafford loan is a government subisidized loan for undergraduate and graduate students. The main advantage of a Stafford loan is low interest rates. Interest rates for graduate students are often as low as 6.8 percent. The interest rates for undergraduate students range between 3.4 and 5.6 percent. Unlike non federal student loans in Rhode Island, 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 types of federal student loans for STATE_NAME. These loans are the Parent PLUS loan, Stafford loan and private student loans. Stafford loans can be taken out under the student's name. This kind of loan does not require credit checks or collateral. Parent PLUS loans are specifically designed for parents of undergraduate college students and enable parents to borrow up to 100% of their child's educational expenses. Third, private student loans are unsecured loan, credit-based loans available to Rhode Island students.