Under such economic climate and even before, there is rarely a college student who can make it to graduation day without having to take out a student loan. Of course, in college, there are many things to buy and pay for so those who have very little money would need the extra financial support that a loan can provide them with. It may seem easy whilst you’re still in school but many students realize the real burden of these loans after graduation when the pay back begins. [Read more…]
Federal Student Consolidation Loans
Individuals and their families who have collected a number of federal student loans over the years, and who wish to apply for another student loan from the government, can borrow under two loan programs, namely, the William D. Ford Federal Direct Student Loan program (FDSLP) and the Federal Family Education Loan Program (FFELP). The FFELP gives out over 80 % of financial assistance amounts to students and is backed by government funds. The FDSLP is funded by the Department of Education. [Read more…]
