THE WORLD OF STUDENT LOANS CAN BE A CONFUSING ONE.

There are a lot of meanings, regulations, and terms that go into it, and when you don’t know where to begin, it can feel overwhelming. That’s why we’re here!

If you’re asking yourself “what are student loans?”, allow us to explain.

STUDENT LOAN MEANING

The term “student loan” encompasses a variety of options available to help pay for college. It is a form of financial aid, and is offered by the federal government as a type of federal financial aid. Many private businesses and organizations also offer private student loans to students looking for help paying for college. Student loans are a great resource to bridge the gap between what your financial aid will cover and your school’s total cost of attendance.

HOW TO GET A STUDENT LOAN

The process for qualifying for and obtaining a private student loan can vary between lenders, but in general, you’ll need the following:

  • Demonstrated credit history (or a cosigner with strong credit to help you qualify)
  • Proof of income (income requirements can vary depending on the lender and loan amount)

Check out our articles below to learn more about what you’ll need to apply for a student loan.

WHERE TO FIND PRIVATE STUDENT LOANS

We partner with the top private student loan lenders to provide relevant, trustworthy information on finding money for college. Here, you’ll find tools and advice on finding the best student loans, plus:

  • Sallie Mae student loans
  • Discover student loans

WHAT HAPPENS TO STUDENT LOANS AFTER COLLEGE?

Taking out a student loan is only part of the process! After graduation is when the real work begins. Most student loans give you a grace period of a few months after you graduate college to begin repaying your loan(s), and at this point, you enter the repayment stage. We break down everything you need to know about making this transition, and what options are available to you if you’re concerned about repaying your loan(s).

We’ve got everything you need to learn about the different types of student loans, what your options are, and more to help you get from application to repayment! Get started below.

The Future of Federal Student Loan Interest Rates | Student FinTech

Federal Student Loan Interest Rates: What to Expect

During the 2018-19 academic year, federal student loan interest rates were set at 5.05% for undergraduate loans. Federal Direct Parent PLUS loans were at 7.6%, and Federal Direct Graduate PLUS loans were pegged at 6.6%. Interest rates for the 2019-20 academic year will be decreasing to 4.53% for subsidized and unsubsidized loans for undergraduates. Federal Direct

Should I Consolidate My Student Loans? | Student FinTech

Should I Consolidate My Student Loans?

One of the options that students want to consider once they start having to pay their student loans back is whether they should consolidate their student loans. Consolidation is the process of bringing all of your debt together into one convenient monthly payment. Many companies participate in consolidation loans, including companies such as College Avenue

two students walking with backpacks

Sallie Mae Student Loans

Sallie Mae student loans offer an affordable way for people to go to college who do not have grants or other kinds of financial aid available when they enter school. Sallie Mae Loan Association have been around for several years, and they are the number one lending site of private student loans on the Internet

Instant Reply Student Loans | Student FinTech

Instant Student Loans

Have you ever heard of “instant reply student loans”? It’s exactly whaat they sound like – these are student loans that you can get an instant decision on. If you are someone who doesn’t want to wait days or week to hear the status of your loan application, you may want to locate loans that

Discover Card Student Loans | Student FinTech

Discover Card Student Loans

Discover is a site that focuses on helping prospective students who want to take out a loan for educational purposes. They offer many different kinds of loans, including: Undergraduate Student Loans Graduate Student Loans MBA loans Health professions loans Law Residency Bar exam loans Consolidated loans As you can see, Discover offers quite a lengthy list

Where to Start to Get Student Loan Financing | Student FinTech

Student Loan Financing: Where to Start

If you’re planning on attending college soon, it’s time to start thinking about where to start getting student loan financing. First, though, look into other ways to finance your education. The best place to start is to fill out a FAFSA application at FAFSA.gov. This is a portal site that allows you to find all of

green grass in front of White House President Trump

President Trump’s Plan for Student Debt

Regardless of what you may have heard or think about President Trump, he loves his country, and he loves young people. He is a self-made billionaire who once lost almost a billion dollars but gained it all back through his tenacity, strength, and negotiating abilities. He never gives up, and that is the type of

What companies offer private loans to graduates? | Student FinTech

What companies offer private loans to graduates?

Private student loans, as opposed to federal loans, are backed by independent lenders and companies who allow prospective students to take out money for college. As discussed in earlier posts, private loans allow students to apply for financial help much in the same way a bank does. They have various loan programs available that often

How to Find a Student Loan Counselor | Student FinTech

Where to Find Student Loan Help

For high school students, getting help deciding on the best student loan can be found with a school counselor. High school counselors are responsible for making sure students get the information they need to choose the best school program. They also help guide them toward the best student loans that are available to them. They

Should I Play the Waiting Game on Paying Back Loan Debt? | Student FinTech

Should I Play the Waiting Game on Paying Back Student Loans?

One idea regarding student loan repayment is to wait it out until the federal government decides to issue another loan forgiveness opportunity. It is rumored that President Trump has the power to wipe out much student loan debt due to how many federal loans were disbursed and the high rate of interest some of them