In this tough economy, many workers are experiencing job loss and financial hardship in Wisconsin. If you've lost your job, and have student loans, many loan programs include forbearance and deferment benefits, allowing you to postpone payments for a pre-determined period of time. While some lenders allow you to defer your education loan payments, others will not, and still others handle forbearance on an individual basis. Call our associates right now for additional information on the best student loans available to students in Wisconsin.
Because Wisconsin private student loans have higher interest levels than other types of loans, students should seriously consider more affordable education loan options. More affordable education loan options include Stafford loans, Perkins loans, Grad PLUS loans and Parent PLUS loans. As a potential college student, you should explore financial aid options in Wisconsin that'll save you money down the road. Contact our associates to learn more about student loans in Wisconsin.
When it comes to finding a student loan to pay for college, private student loans offer several advantages. For example, many private student loan options in Wisconsin don't make you start making payments until you have graduated. Other loans will require students to start making payments while they are still in school. With a few private student loan programs, you may make interest-only payments while you're still in school. That way, you can pay off the interest on your loan as soon as possible, and save money on your Wisconsin student loans in the long run.
In Wisconsin and other areas of the United States, a Stafford loan is a government subisidized loan for graduate and undergraduate students. The main beneft of getting a Stafford loan is low fixed interest rates. For example, graduate students can secure interest rates 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 Wisconsin, a Stafford loan does not require collateral, credit checks or application fees. Call our representatives today to learn more.
Before you apply for a private student loan, make sure you have taken advantage of all your federal financial aid and free-money options first. Because Wisconsin private student loans are typically more costly than federal student loans, you will want to take advantage of federal student loans before applying for non federal student loans. A private student loan should typically be your last resort once you have exhausted all other funding sources. Contact our representatives for additional information about student loans in Wisconsin.