Tag Archives: student
Private Student Loans
Private financial companies including banks or other specialized educational money lenders provide private student loans for students. It is one of the different types of loans available for the students to continue their higher education when they do not have the money to do so.
Private student loans have all the features of various government loans, and can be the best choice for those in search of educational finance. They have higher loan limits with attractive interest rates. Similar to the federal loans, they also have a grace period and students do not need to start repaying them prior to the completion of studies.
The grace periods of the loans vary from company to company and can be from six months to 12 months. Even though private student loans offer lower interest rates, they can be a little higher than the government loan interest rates, but much lower than other private loans. Unlike government loans, there are overhead charges often called origination fees, which are applicable at the time of the loan processing.
Private student loans are based on the credit history of the applicant or of the co-signer. This type of loan is utilized by students who are not able to pay for their educations without a loan but cannot apply for federal loans due to the possession of assets beyond the qualifying limit or due to higher income of the family.
Private student loans are looked as an alternative to federal student loans for parents, known as PLUS (Parent Loans for Undergraduate Students) loan. Private student loans need not be paid back until graduation, whereas the repayment of PLUS loan starts soon after the procedures. Many international students can also acquire these private loans with the help of a co-signer. The loan amount is paid directly to the school by the lender and the remaining money is given to the student for living expenses. Due to a lower interest rate, these loans are widely used by students. Today, many companies also offer online private student loans.
A Students Guide to Health Insurance
As a young student the last thing on your mind must be health insurance. Its time we change that. Do you know how many students drop out of college to start working due to some unexpected medical condition which costs them their entire savings? Quite a few. So its time you sit up and take notice. With the host of affordable student health insurance plans available this is not a difficult task.
Why do you need health insurance? Student life is characterized by large tuition fee and other educational costs and so their reluctance to “waste” money on health insurance is understandable. Majority of the college students arent even aware of the various college student health insurance plans that are available nowadays. People dont have accidents only after a certain age. You as a student are as much prone to an accident as anybody else walking on the street. You may feel health insurance is hard on your already tight budget but its high time you realise that low cost student health insurance is now not just a random term but very much a reality. So go for it now if you havent already.
what are your options? If you are under the age of 23 then you will probably be covered under your parents medical insurance. But if you are 23 and above or for some reason you are not covered under your parents health insurance then you should definitely go for one of the college student health insurance plans. Check out your colleges medical insurance facilities and see whether they suit your needs. However plans provided by colleges tend to be a little on the expensive side. Customized health insurance plans developed by certain hospitals have made it possible to get affordable student health insurance. These plans incorporate all the requirements that you might have from your health insurance plan. Go to your nearest medical facility and find out the services offered by them in this regard. These tend to be cheap and the premiums to be paid are minimum. Check online quotes and zero in on one of the perfect college student health insurance plans.
Benefits of getting a student health insurance Besides the obvious advantage of a health insurance which is coverage of unexpected medical expenditures, students health insurance also provides an added sense of security to students. If you are out of action due to some unforeseen medical emergency then good college student health insurance plans will provide for the best possible care thus ensuring speedy recovery. A speedy recovery means you will miss less of course work and you will not have to worry about the high costs of surgery, treatments etc. Once you are hale and hearty again you dont have to worry about paying huge bills. All this will be taken care of. The key is to find the plan that suits you best. You have to not only look for the most affordable student health insurance plan but also one that suits your requirements. This involves a little clever searching. Go around, ask your friends and family about the various health insurance plans that they have bought, search through the internet. Devote time and you will surely get the best plan.