Ali Cybulski – The News Desk

Best Student Loans for Graduate School of April 2024

3Apr

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Money

Best Student Loans for Graduate School of April 2024

How Do You Apply for a Graduate Student Loan?The application process for graduate loans depends on whether you're applying for federal or private student loans. Graduate students "can generally avoid having to go through the verification process that some undergraduates must complete because they are receiving only non-need-based loans," says James Anderson, director of financial aid at Montclair State University.Direct PLUS loans are federal loans reserved for graduate students and parents of undergraduates. If you want to apply for a Direct PLUS Loan, which offers higher limits than the standard graduate loan, you'll fill out a separate application after you submit the FAFSA on the Federal Student Aid website. Interest rates are also higher for Direct PLUS loans at 7.54%. With private l...

3Apr

By adminNo Comments

Money

Best Medical School Loans of April 2024

What Are the Different Types of Medical School Student Loans?Federal student loans for medical school students. The federal government offers medical students direct unsubsidized and Direct PLUS loans. Direct loans – also known as Stafford loans – are available to students enrolled at least part time. "It's easy to get approved for what you want," Miller says. "Most doctors are able to take out the debt they need. The limits are quite high."An unsubsidized loan accrues interest the day it is disbursed until it is paid in full. You can wait until after graduation to repay loans or make interest payments while you're in school to reduce the amount due later.A Direct PLUS loan is available to help students pay for education expenses not covered by other financial aid. A medical student might...

25Dec

By adminNo Comments

Money

Best Student Loan Marketplaces of 2023

What Are the Pros and Cons of a Marketplace?Take some time to understand the virtues and limitations of a student loan marketplace. Serves as a good starting point for loan research. Offers easy access and navigation. Helps you easily compare loan options. Saves time by allowing you to prequalify with multiple lenders in one place. Produces a curated list of recommended lenders. Excludes federal loans. Includes many but not all private lenders. May lack support for borrowers. Find the Student Loan That's Right for YouHow Is Prequalifying Through a Marketplace Different From Applying Directly Through a Lender?When you apply through a marketplace instead of directly through a lender, the main difference is that you can prequalify with multiple lenders simultaneously. The marketplac...

25Dec

By adminNo Comments

Money

Best MBA Student Loans of December 2023

What Are the Types of MBA Student Loans?For your MBA degree, you can choose federal or private loans. Direct unsubsidized loans: These loans have annual and total borrowing limits. They offer certain benefits, such as loan forgiveness programs and income-driven repayment plans, that private lenders do not. Graduate direct PLUS loans: Your borrowing limit is higher – up to the school's cost of attendance minus other financial aid – but the interest rate and loan fee are also higher. You'll get access to the same federal loan benefits. Private MBA loans: Some lenders advertise loans specifically to help MBA students pay for their degrees. Terms can vary depending on the lender, but you can typically borrow up to the total cost of attendance at your school. Private graduate loans: Most...

Best Medical School Loans of December 2023

24Dec

By adminNo Comments

Money

Best Medical School Loans of December 2023

What Are the Different Types of Medical School Student Loans?Federal student loans for medical school students. The federal government offers medical students direct unsubsidized and Direct PLUS loans. Direct loans – also known as Stafford loans – are available to students enrolled at least part time. "It's easy to get approved for what you want," Miller says. "Most doctors are able to take out the debt they need. The limits are quite high."An unsubsidized loan accrues interest the day it is disbursed until it is paid in full. You can wait until after graduation to repay loans or make interest payments while you're in school to reduce the amount due later.A Direct PLUS loan is available to help students pay for education expenses not covered by other financial aid. A medical student might...

24Dec

By adminNo Comments

Money

Best Law School Loans of 2023

What Are the Types of Law School Loans?You can get a handful of different types of student loans to pay for law school. Understanding each one will give you a better chance of selecting the right loan features based on your needs.Direct PLUS LoansThe maximum Direct PLUS loan amount you can borrow annually is the cost of attendance at your school minus any other financial aid you receive. You'll also get many of the same benefits as other federal loans, including access to loan forgiveness programs and income-driven repayment plans. However, Direct PLUS loans charge the highest interest rate among all federal student loans, and you'll pay an upfront loan fee. A credit check is required, but it won't affect your interest rate. Direct Unsubsidized LoansThis federal loan program limits the am...

Best Student Loans for Graduate School of December 2023

24Dec

By adminNo Comments

Money

Best Student Loans for Graduate School of December 2023

How Do You Apply for a Graduate Student Loan?The application process for graduate loans depends on whether you're applying for federal or private student loans. Graduate students "can generally avoid having to go through the verification process that some undergraduates must complete because they are receiving only non-need-based loans," says James Anderson, director of financial aid at Montclair State University.Direct PLUS loans are federal loans reserved for graduate students and parents of undergraduates. If you want to apply for a Direct PLUS Loan, which offers higher limits than the standard graduate loan, you'll fill out a separate application after you submit the FAFSA on the Federal Student Aid website. Interest rates are also higher for Direct PLUS loans at 7.54%. With private l...

23Dec

By adminNo Comments

Money

MEFA Student Loans Review 2023

Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education. Find the Best Student Loans for You Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan TermWhat Types of Student Loans Does MEFA Offer?MEFA has three types of student loans: Undergraduate student loans. Graduate student loans. Student loan refinancing. How Does MEFA Work?Borrowers must complete an online loan application and agree to a credit review. If you pass the credit check, then you will have a ...

23Dec

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Money

Purefy Student Loans Review 2023

Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education. Find the Best Student Loan Refinance Lenders Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan TermWhat Types of Student Loans Does Purefy Offer?Purefy is a student loan marketplace and not a direct lender. Borrowers can compare prequalified rates for private or refinanced student loans and then apply online. How Does Purefy Work?You will begin by completing a form with a few details about yourself, and...

MPower Financing Student Loans Review 2023

22Dec

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Money

MPower Financing Student Loans Review 2023

Borrower tip: Refinancing federal student loans into a private student loan can make you ineligible for certain types of protections, such as income-driven repayment plans, federal debt forgiveness programs and forbearance/deferment options through the Department of Education. Find the Best Student Loans for You Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan Term Lender Learn More Fixed APR Variable APR Loan TermWhat Types of Student Loans Does MPower Financing Offer?MPower Financing has student loan options for undergraduate and graduate degree programs. You may be eligible to refinance your loan if you have graduated and worked in the U.S. or Canada for at least three months. How Does MPower Financing Work?Applying for a...