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Student Loans Questions and Answers

What Types of Student Loans Are There?

There are two basic categories of loans available: government loans and private loans. Government loans for students are called Stafford Loans and Plus loans. Parents should seriously consider qualifying for government loans to furthering their children's education. 

Who Qualify For Government Issued Student Loans?

Whether you are young or older you may qualify for more education funding than you realize.  How much loan can you qualify for?  

What Alternatives Are There To Funding College Education?

Private loans can be a good alternative to bridge the gap where government education funding programs do not. Private loans are funded by private lending institutions. Sallie Mea says "Private loans should be seen as supplemental funding after all other sources of federal and state financial aid have been exhausted." As the gap between the cost of a college education and federal aid continues to widen a larger number of college students turn to private loans to finance their education. 

How Do I Reduce My College Loan Debt?

The key to college loan debt reduction is one of the following:

  • Lowering student loan interest rates 
  • Refinancing private college loans
  • Consolidating student loan debt

 

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