Monday, September 29, 2008
What is the best student loan and how to get it?
What's a perkin's loan? What's a direct loan? Private loan? I don't understand the whole process! What loan would have the lowest interest rate and is best overall? I will be attending University of California Santa Cruz. I don't know where to begin with the whole loan process. I currently have no credit history, etc. Help?
Public Comments
All types of loans are available for students,employees and retired persons.Worldwide banks are ready to provide the loans for all.See the website below and apply your required throe on line.
Well the best loan is the kind you do not have to pay back. there are plenty of scholarships out there FASTWEB.COM is just one web site that could lead to some more money. Also ask your school about grants that you may be available to you some schools have scholarships that they give out as well. And if you are a resident of California and have been I believe there is a very good grant that would help substantially. Just don't be afraid to talk to financial aid people and defiantly be pushy with them cause if you never call back they won't either. School Counselors can also help. Oh and FILL OUT YOUR FAFSA. The school should take care of the rest.
To get started, you fill out the FAFSA. This is no joke, fill it out NOW then look at your options. Financial aid offices will not even talk to you unless you have your FAFSA completed. You can fill it out online so there's no excuse!
It will differ from country to country , the best way is the comparison
Congratulations on deciding to attend college at UCSC, my relatives live in the area of the University and I've heard it is really quite a school! When it comes to Student Loans there are two options that you could pursue, Federal Student Loans and Private Student Loans. Federal Student Loans come in two different forms, the Federal Stafford Loan and the Federal Perkins Loan. The Federal Stafford Loan is split into a Subsidized and an Unsubsidized Loan issued at a 6.8% interest rate. The Federal Perkins Loan is issued at a 5% interest rate and the school you are attending is the Lender. All of these types of loans are need based not credit based; you must fill out the FAFSA form in order to see how much you qualify for. Private Student Loans are credit based loans; these are usually serviced by the Lender, meaning you are responsible for paying the company you applied for the loan with back. For more information on Federal Student Loans and the difference between Subsidized and Unsubsidized Loans please visit the source below. I hope this helped shed a little light on the subject for you. Good luck!
You might not like this answer, but I feel compelled to share with you what a leading personal finance expert says about this in his FAQ: http://www.financialfreedomtrail.com/college-money.html
try a stafford loan -- rates are good right now. also make sure to apply for every scholarship out there.
Getting a government grant would be the best route to take, because you never have to pay it back as you follow through with your plans!
Public Comments
All types of loans are available for students,employees and retired persons.Worldwide banks are ready to provide the loans for all.See the website below and apply your required throe on line.
Well the best loan is the kind you do not have to pay back. there are plenty of scholarships out there FASTWEB.COM is just one web site that could lead to some more money. Also ask your school about grants that you may be available to you some schools have scholarships that they give out as well. And if you are a resident of California and have been I believe there is a very good grant that would help substantially. Just don't be afraid to talk to financial aid people and defiantly be pushy with them cause if you never call back they won't either. School Counselors can also help. Oh and FILL OUT YOUR FAFSA. The school should take care of the rest.
To get started, you fill out the FAFSA. This is no joke, fill it out NOW then look at your options. Financial aid offices will not even talk to you unless you have your FAFSA completed. You can fill it out online so there's no excuse!
It will differ from country to country , the best way is the comparison
Congratulations on deciding to attend college at UCSC, my relatives live in the area of the University and I've heard it is really quite a school! When it comes to Student Loans there are two options that you could pursue, Federal Student Loans and Private Student Loans. Federal Student Loans come in two different forms, the Federal Stafford Loan and the Federal Perkins Loan. The Federal Stafford Loan is split into a Subsidized and an Unsubsidized Loan issued at a 6.8% interest rate. The Federal Perkins Loan is issued at a 5% interest rate and the school you are attending is the Lender. All of these types of loans are need based not credit based; you must fill out the FAFSA form in order to see how much you qualify for. Private Student Loans are credit based loans; these are usually serviced by the Lender, meaning you are responsible for paying the company you applied for the loan with back. For more information on Federal Student Loans and the difference between Subsidized and Unsubsidized Loans please visit the source below. I hope this helped shed a little light on the subject for you. Good luck!
You might not like this answer, but I feel compelled to share with you what a leading personal finance expert says about this in his FAQ: http://www.financialfreedomtrail.com/college-money.html
try a stafford loan -- rates are good right now. also make sure to apply for every scholarship out there.
Getting a government grant would be the best route to take, because you never have to pay it back as you follow through with your plans!
What loan companies will give you a loan for a motorcycle if your credit is really bad?
I helped an ex get a motorcycle and now need him to repay me. He needs to take out a loan and repay me or buy the bike from me. His credit is horrible but there has to be places that will still give you a loan. Please help me with advice!
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Public Comments
How about Gary Coleman with check in cash?
Work with the dealer who is selling the bike. They usually can hook you up with a way of securing a loan for a bike. Sometimes even with bad credit.
Who on earth is going to lend money for that? Why don't you suggest he sell it? Motorcycles are not only a loud nuisance, they are usually just a fashion statement rather than a means of transportation. An impractical and expensive luxury item.
All I can say is, if you own the motorcycle, take it back. If he does, tell him to get a title loan. He can make payments but depends on what he still owes you.
Most loan companies and bank's won't loan money for an item that is considered a luxury item. A car you can usually get with bad credit because it gets you to work. Motorcycles, Atv's, etc are basically considered man toy's. And yes you can drive a motorcycle to work, but most people don't consider this their primary transportation.
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Public Comments
How about Gary Coleman with check in cash?
Work with the dealer who is selling the bike. They usually can hook you up with a way of securing a loan for a bike. Sometimes even with bad credit.
Who on earth is going to lend money for that? Why don't you suggest he sell it? Motorcycles are not only a loud nuisance, they are usually just a fashion statement rather than a means of transportation. An impractical and expensive luxury item.
All I can say is, if you own the motorcycle, take it back. If he does, tell him to get a title loan. He can make payments but depends on what he still owes you.
Most loan companies and bank's won't loan money for an item that is considered a luxury item. A car you can usually get with bad credit because it gets you to work. Motorcycles, Atv's, etc are basically considered man toy's. And yes you can drive a motorcycle to work, but most people don't consider this their primary transportation.
Personal Loans: Bid Farewell To Your Monetary Headaches
It will be wrong to think that financial problems can be eliminated forever. You can control them and get rid of them for a limited time period but throwing them away forever is impossible. Then, why should you let your headache increase by thinking about these? In stead, you should go for the personal loans which can provide you good solution to handle situations.This single loan can give solution to all your problems because these are designed to be capable of catering everybody’s needs. Secured and unsecured, two forms of loans are here which are open for all. Though these are easily available but the secured loans are not for all. These can be adopted only by those who have the capacity to offer anything like a house, car or stocks and bonds as security. Such borrowers will get to enjoy certain advantages too. For them the rate of interest will be lower and the amount offered will be higher along with a longer repayment term. So, here you can borrow an amount ranging from £5,000 to £75,000 for duration of 5 to 25 years.
Unsecured loans are not like the secured loans. Nothing is required as collateral and the rate of interest too, therefore, is higher. Consequently, the amount offered is small and the repayment term is shorter. However, you will find these good as no property will be required to be risked. Also for small financial needs these are just very ideal. Bad credit holders too can avail these and enjoy the associated benefits. Based on your requirement you can go for any of these and get relief from monetary issues. All kind of credit records are being allowed in these loans that include late payment, arrears, defaults, skipping of installments, bankruptcy and CCJs. All are eligible for the personal loans and bid farewell to their problems. Buying a car, improving home, repaying debts, child’s education, holiday planning or wedding arrangement, anything is just very easy now.
Unsecured loans are not like the secured loans. Nothing is required as collateral and the rate of interest too, therefore, is higher. Consequently, the amount offered is small and the repayment term is shorter. However, you will find these good as no property will be required to be risked. Also for small financial needs these are just very ideal. Bad credit holders too can avail these and enjoy the associated benefits. Based on your requirement you can go for any of these and get relief from monetary issues. All kind of credit records are being allowed in these loans that include late payment, arrears, defaults, skipping of installments, bankruptcy and CCJs. All are eligible for the personal loans and bid farewell to their problems. Buying a car, improving home, repaying debts, child’s education, holiday planning or wedding arrangement, anything is just very easy now.
Is student loan still tax deductable when refinancing a student loan with a personal loan?
My daughter has two very high interest student loans. Her credit won't let her do anything, but I can "refinance" it with me getting the loan using my credit. But is it still a "student" loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the "chain of custody" still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.Public Comments
1. Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest. 2. It wasn't that very clear, but from what I understood your co-signing on the loan. She'll pay for the loan's premium and interest. and that's about it ... Remember: Who ever pays the student interest, that person will have the right to deduct those interest payments on their tax return (up 2,500). The only thing that I can figure that will absolutely confirm that you are paying a student loan is that if at the beginning of the tax season, you receive a 1098-E "Student Loan Interest Statement" from your Lender. 3. You post your profile on this webiste and then lenders come to you. I recommend trying http://www.creditloansonline.com/
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1. Nope, sorry, but personal loan won't qualify, as you will have nothing in writing to say that it is student loan interest. 2. It wasn't that very clear, but from what I understood your co-signing on the loan. She'll pay for the loan's premium and interest. and that's about it ... Remember: Who ever pays the student interest, that person will have the right to deduct those interest payments on their tax return (up 2,500). The only thing that I can figure that will absolutely confirm that you are paying a student loan is that if at the beginning of the tax season, you receive a 1098-E "Student Loan Interest Statement" from your Lender. 3. You post your profile on this webiste and then lenders come to you. I recommend trying http://www.creditloansonline.com/
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If You Like The “collateral” Part, Avail Unsecured Loans
Are you facing difficulty finding a good deal because you cannot provide collateral? That has always been one major hurdle. But ever since the introduction of unsecured loans, the loan world has become much more navigable. This is a loan for which you do not have to pledge any asset as collateral. Whether you are a non-homeowner or a homeowner, who simply does not want to risk his home, unsecured loans is the correct loan choice for you.Unsecured loans are sought by many people for funding a variety of purposes. While some take it to finance their weddings, holidays, home-improvement, even cosmetic surgery, others use it to consolidate their debts, to pay off outstanding bills and for auto-financing.
As unsecured loans are advanced without any guarantee, your eligibility will depend on your own credentials. First of all, a sound financial position counts. Your income and debt-to-income ratio will be assessed to calculate your repayment capability. The other thing is you credit record. It will be checked so get it updated with a good credit reporting agency before you approach a lender.Unsecured loans may be borrowed for an amount in the range of £1000-£25000. The exact amount that you can avail depends upon your repayment capability, your credit status and your requirements. Repayment amount for these loans vary according to the loan principal. On an average, it lies in the range of 6 months to 10 years.Unsecured loans are charged higher interest rates than conventional loans for which you provide collateral. However, they are processed faster. As for the interest rate, it is always possible to avail affordable ones through a comparison of loan quotes. This can be done online where quotes are provided for free and a large number of choices are available on your fingertips. Applications are also non-obligatory so you can compare freely and secure viable rates in a mater of minutes.
As unsecured loans are advanced without any guarantee, your eligibility will depend on your own credentials. First of all, a sound financial position counts. Your income and debt-to-income ratio will be assessed to calculate your repayment capability. The other thing is you credit record. It will be checked so get it updated with a good credit reporting agency before you approach a lender.Unsecured loans may be borrowed for an amount in the range of £1000-£25000. The exact amount that you can avail depends upon your repayment capability, your credit status and your requirements. Repayment amount for these loans vary according to the loan principal. On an average, it lies in the range of 6 months to 10 years.Unsecured loans are charged higher interest rates than conventional loans for which you provide collateral. However, they are processed faster. As for the interest rate, it is always possible to avail affordable ones through a comparison of loan quotes. This can be done online where quotes are provided for free and a large number of choices are available on your fingertips. Applications are also non-obligatory so you can compare freely and secure viable rates in a mater of minutes.
Student Loans Uk: Paves The Way For New Opportunities And Aspirations
United Kingdom or UK is one place where you will find some of the most prominent and leading universities. It is here that you will find educational institutions with world class facilities. Although you have a wide range of choices, the price of undertaking the education of your choice does not come cheap. This is one chief reason why most of the students opt out, as they are not capable financially. Considering the inconveniences faced by the students, lenders in UK are now offering student loans.There are scores of lenders present in the UK financial market, who are now offering these loans. These loans are easy to avail and can be used to cover all the expenses that might come up. For instance, you can use these loans to pay the admission fees, library charges, hostel dues, purchasing computer, books, and equipments along with your personal expenses.
Generally, you can source these loans either in secured and unsecured form. Secured form of the loans are collateral based and can be availed only by pledging collateral. This option of the loan is preferable if you are looking for a bigger amount. Even if you do not own any, your parents or guardians can pledge collateral on your behalf. On the contrary, no such collateral is required for the unsecured option. The terms and conditions of the loans too are quite reasonable. In fact, the interest rate levied is considerable low. Its repayment term too is convenient. In fact, you have to start repaying the borrowed amount six month after completing the course and that you have got a suitable job. There is no discrimination followed while approving the loans to students with bad credit. The terms and conditions are very much flexible. However, the lenders may ask for a cosigner having a good credit history. This will act like an assurance for the lender. Always try to gather information about these loans before availing any. In this regard, you can use the services of online mechanism. By applying online, you get to save a lot of time and energy. Besides, the increasing competition among the lenders helps you to get the best low rate deal. Students loans UK provide you £ platform from where you can realize your dream of pursuing higher education, without facing too many obstacles.
Generally, you can source these loans either in secured and unsecured form. Secured form of the loans are collateral based and can be availed only by pledging collateral. This option of the loan is preferable if you are looking for a bigger amount. Even if you do not own any, your parents or guardians can pledge collateral on your behalf. On the contrary, no such collateral is required for the unsecured option. The terms and conditions of the loans too are quite reasonable. In fact, the interest rate levied is considerable low. Its repayment term too is convenient. In fact, you have to start repaying the borrowed amount six month after completing the course and that you have got a suitable job. There is no discrimination followed while approving the loans to students with bad credit. The terms and conditions are very much flexible. However, the lenders may ask for a cosigner having a good credit history. This will act like an assurance for the lender. Always try to gather information about these loans before availing any. In this regard, you can use the services of online mechanism. By applying online, you get to save a lot of time and energy. Besides, the increasing competition among the lenders helps you to get the best low rate deal. Students loans UK provide you £ platform from where you can realize your dream of pursuing higher education, without facing too many obstacles.
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