mortagesandforeclosures

by Max Hargis

The cost of attending college can be great. Not everyone will receive enough scholarships or grants to cover the total cost of their education. This is where student loans come in. Trying to find the right student loan for your situation can be stressful. There is a lot of different terminology used - not to mention all the different interest rates and payback numbers. So, let's take a look at a couple of student loan programs.

A lot of students end up using Sallie Mae's student loan program. Sallie Mae is considered the top student loan provider in the United States. If a student needs a Private student loan or a Federal student loan Sallie Mae is the place to start. It does not matter if the student is already in college or is getting ready to start a new college degree Sallie Mae will most likely be able to provide them with a student loan.

The Federal student loans that Sallie Mae offers to students can be used to take care of costs that come with going to college. This may include, but is not necessarily limited to, paying for books, room and board, meals, and of course tuition fees. Federal loans are more likely to have lower interests rates than any type of Private loan. For this reason any type of Federal loan should be the first type of student loan that a student applies for.

Undergraduates will also find many private student loans from Sallie Mae, including the Sallie Mae Smart Option Student Loan. This loan is for students that still need money after using all scholarships and grants and allows students to borrow up to the full cost of education.

Sallie Mae also offers international student loans for those that are going abroad to get an education. These loans have good rates, low fees, and allow you to choose your repayment plan.

There other options besides Sallie Mae. In the United States the government offers students other student loan options - PLUS loans and Stafford loans.

Stafford Loans are available directly through the government and are probably the most affordable student loan available. Rates are fixed at as low as 6% and can be used for tuition and any school expenses. To receive a Stafford loan, an applicant must fill out a FAFSA, or Free Application for Federal Student Aid.

PLUS Loans also require that a FAFSA be filled out. They can be granted to undergraduates, graduate students, and even parents, with varying interest rates. Undergraduates can expect to pay the lowest rates with a PLUS loan. Both of these loans provide a great way to pay for college and offer great rates to give you affordable monthly payments.

These are a few student loan programs that are available to students. Finding a student loan can seem like a daunting task especially when looking at all the costs and numbers, but not everyone can get their education cost completely covered by scholarships and grants. Student loan programs help you pay for a student's education costs so they can focus on learning and not on paying.

About the Author:

About the author: Max Hargis has some great information on student loans. Find out how to get a student loan and read more student loan information to better understand what can be a confusing venture. Grab a totally unique version of this article from the Uber Article Directory

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