In this tough economy, many workers are experiencing financial hardship and job loss in West Virginia. 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. Although some lenders allow you to defer your loan payments, others don't, and still others handle forbearance on a case by case basis. Call our representatives right now for additional info on the best college loans available to students in West Virginia.
When it comes to finding a education loan to pay for college, private student loans offer several advantages. For instance, many private student loan programs in West Virginia don't require you to start making payments until after you have graduated. Other loans will require college students to start making payments while they're still in school. With some private student loan programs, you may make interest-only payments while you're still in school. That way, you can pay down the interest on your loan as quickly as possible, and save money on your West Virginia student loans in the long run.
College students will want to exhaust all of their financial aid and college scholarship resources before applying for private student loans to fund their college education. Since private student loans in West Virginia 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 when you have exhausted all other funding sources. Contact our representatives for more information about student loans in West Virginia.
Because West Virginia private student loans have higher interest levels than other types of loans, students should seriously consider more affordable student loan options. More affordable education loan options include Perkins loans, Stafford loans, Grad PLUS loans and Parent PLUS loans. As a potential college student, you will want to explore financial aid options in West Virginia that will save you money down the road. Contact our associates to learn more about student loans in West Virginia.
You are required to fill out and submit an online FAFSA to be considered to receive federal aid in West Virginia. After you submit the FAFSA, you will be considered for federal student loans, work study programs and college grants. The Department of Education sets the eligibility guidelines for West Virginia student loans. The federal government takes into consideration factors including assets, family expenses, income, and the number of members in your family when determing your financial need. Call our pleasant representatives for more information.