Student Loan Payment Help is readily Available
Individuals who are looking to further their education but realize that they will not be able to do so without
student loan payment help have numerous options available to them. Students do not know there are
actually quite a few financial funding options available to them for help paying student loans. Most
are provided by the federal government. These options include the following:
- Subsidized Stafford Loan
- Unsubsidized Stafford Loan
- PLUS loan for parents
- Federal Perkins Loan
The Subsidized Stafford Loan is available for both graduate and undergraduate study. While the student is in
school, the interest on the loan is paid by the federal government. This loan is need based, so not all applicants
may qualify. The Unsubsidized Stafford Loan is also available for graduate and undergraduate study. Unlike the
Subsidized Stafford Loan, with this loan the student is responsible for the interest that is accrued on the loan
while they are in school. This is not a needs based loan, so students may be eligible for the loan even if they do
not show a financial need for the loan. The PLUS loan program gives parents of students the option to borrow up to
100% of their child’s cost of education. Parents are eligible for this loan even if they do not demonstrate a
financial need. The Federal Perkins loan is a type of student loan payment help that is available to both
graduate and undergraduate students. Applicants must demonstrate financial need in order to qualify for this loan.
Funds are disbursed by the school and must be repaid to the school. With most forms of student loans, the amount of
money the student can borrower will depend on two major factors: the grade level of the student and whether the
student is considered to be an independent or dependent student. Interest rates on such loans are set by the
federal government each July 1st and will never exceed 8.25%. Some loan fees or origination fees may apply to these
loans at the time of application. The amount, if any, will vary up to 4% of the amount of the loan and is used to
cover some of the administrative costs for processing the loan. Numerous student repayment options are offered for
these loans, giving students to choose between several popular options. Some of the most common feature a fixed
monthly payment plan, graduated payment plan and income sensitive repayment plan.
Student Aid for Moms
A good option for help in paying student loans is to see if you are
eligible for free scholarship help if your are a mom and attending college - You can do this very quickly
by visiting scholarships for moms. You may be eligible to receive
scholarship money which you didn't know was available to you. Most people who attend college are eligible. This
site will be the quickest way for you to find out about many options for financial aid to help mother pay
- pay off student loans
Finding a way to pay off student loans is one of the single best things that students turned professionals can do for themselves, their families and their financial futures.
- help paying student loans
There is help paying student loans for certain fields. These student payment guidelines do apply.
- student loans for military
While numerous educational benefits are provided as incentives for members of the nation’s military there are cases where individuals may need student loans for military programs.