Tag Archives: education

Student loan – help at hand for students

March 5, 2019   Personal Loan

It is extremely difficult to go through college directly from high school without taking a break to work, earn and save money for further education. Working while learning is an option but you cannot always manage the time and a part-time job does not pay enough to get you through college as well as provide for your other needs. Education loans, also known as student loan, are the only way for such people who want to pursue higher education but do not have the requisite financial ability to manage it and students all over the globe go for such loans to fulfil their dreams and needs of college education.

Different lending organizations have different terms and conditions for student loan and it is strongly advised that you collect as much information possible before opting for a particular lender. Apart from terms and conditions, the interest rate, the time given for repayment of loan as well as penalty for defaulting. You should know about each aspect of the loan thoroughly and clearly before getting into any kinds of contract so as to avoid any unwanted situations later. Most of all, you should at least be very clear about penalty for loan default as a defaulted student loan can have grave consequences on your career as well as your life.

It is of course better to avoid defaulting a loan as regardless of the penalty, it will affect your credit rating and stop you from getting any loans in future. However, if you feel you are absolutely unable to repay your loan in time it is advised that you be transparent with your student loan lender. Before your lender declares your loan as defaulted student loan, let them know about your predicament and they might defer your repayment date or make some other arrangements such that you do not become a defaulter. The whole point is to try and avoid defaulting any which way possible.

When you are pursuing higher education with the help of student loan, you need to be extra careful regarding the course as well as the institute or university you choose since the kind of job you will be offered and the kind of salary you will be receiving once you join a particular industry or company, after the completion of your education depends very much on these two factors. Even if you are dreaming of starting something of your own, it is advised that you take up a stable job that ensures fixed payment for a certain period of time, till you repay your loan. A new venture will be a risk when you already have the burden of student loan on your shoulders and a defaulted student loan will in no way be helpful for your business prospect.
Fulfil your dreams of higher education with the help of student loan but try and avoid converting it into a defaulted student loan by just being extremely careful and a little sensible. Remember the good points of student loan and you would dare not default it.

Read More

The How to Guide With Astrive Student Loans

February 12, 2019   Auto Loans

Getting an education is one of the best ways to increase your income. Paying for it might be one of the most important lessons you learn. Astrive Student Loans can be the answer to your increasing your income through education. Let’s talk about what you need to apply for an Astrive Student Loan.

First you have to be at least 17 years old. You need to have a college or university picked out, and you need to plan on attending at least half time. Your desire to get ahead is respected by Astrive Student loans and if you have worked at the same job for at least 2 years, and have established credit for 21 months you are well on your way to achieving academic success.

If you have not worked and established your own credit but you want to go to school then think about finding someone who would be willing to co-sign your loan. It is important that they have good credit so your plans can move forward. Creating a loan with a co-signer will make you responsible for the payments and help build your credit, and the good credit of your co-signer will be rewarded by Astrive Student Loans with lower rates and fees. The security of a good co-signer can help keep your costs down, making it easier to pay back your loans, and even speed the loan process up.

Depending on the school, and how many credits you are taking you could be eligible for as much as $40,000 per year with a minimum of $1,500; with a life-time cap of $130,000. Astrive Student Loans charge no additional fees to acquire the money you need to further your education. They do want you to start thinking about repaying the loan right away and have many options for doing so.

Many students choose to utilize the money during their education, and begin paying back the loans after graduation; remember you have to be in school at least half time to put off paying your loans until graduation. If you choose to begin paying the interest while you are in school you will avoid creating interest on the interest. The smartest way, especially if you work, is to begin paying the loan back immediately, which will save you money in the long run and start creating good credit right away.

Around 20 years seems to be about the maximum time to payback your student loans, with a minimum payment between $20-$30. There are no penalties for early payment, and in fact early pay-back is encouraged. Paying back this loan will yield you better money than a savings account; in the long run. Interest rates are variable. So to recap you want to go to college. College will increase your income. You are at least 17, and a United States Citizen. You have a good co-signer or a job for the last 2 years and 21 months of good established credit.

Read More
« Older posts
Newer posts »