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There are some people who think a college education is not worth the effort or the price. Higher education costs are on the rise and seem out of reach to many prospective college students. As most people cannot afford the cost of college, there are a variety of student loan options available, according to NextStudent, the Phoenix-based premier education funding company.
Although the cost of college is increasing, a college education still is a smart idea. Most often those who choose to go the college route in the end will fare better in the job market and typically will receive better salaries than those who opt out of college.
There are numerous scholarships and grants available to college students. By researching the many scholarships and grants, students can find the “free money” that is out there to help fund their college education.
NextStudent’s Student Loan Options
Oftentimes, “free money” is not enough to cover the full cost of an education. This is when student loans step in to help save the day. NextStudent offers a wide variety of student loan options to help make student and parent borrowers’ lives easier. From federal Stafford Loans to PLUS loans – Parent Loans for Undergraduate Students, NextStudent has the loan to best suit each individual borrower’s needs.
Private Student Loans Can Save the Day
There are times when private student loans are necessary because borrowers have exhausted the funds available through federal student loans. It never is a bad time to apply for private student loans, as they are available any time during the year and have no application deadline.
With private student loans, student borrowers can pay for the entire cost of their education, less financial aid received, which includes tuition, fees, housing costs and supplies. It is easy to apply and preapproval is complete within minutes. There are no application fees and the loans are credit-based and unsecured. Even though borrowers may apply without a co-signer, more private student loans are approved by NextStudent when a qualified co-signer is named.
Students in a pinch need not worry, as the loans go direct to the borrower. In addition, repayment on the loans can start as much as six months following graduation, or when a student is enrolled less than half time at college.
Student Loan Amounts and Eligibility
Private student loan borrowers can receive as much as $40,000 annually, or the calculated attendance cost (lesser amount). The available maximum for the program is $130,000.
Student borrowers must be enrolled at college at least half time in order to participate in NextStudent’s Private Student Loan Program. Other requirements include being enrolled at a school approved by the Education Resources Institute in either a degree or certificate program. All NextStudent private loans are guaranteed by TERI, which is a nonprofit organization. The loans also can be available to international students and students taking distance learning courses.
Even after student borrowers run out of all their other student loan options and “free money,” private loans are the next best step to help pay for college costs. No matter the time of year, NextStudent offers its Private Student Loan Program to borrowers who want to make sure they can fund the remainder of their college education in order to be able to take the right step into the future.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans and Student Loan Consoldiation.
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