Student Loan Programs are generally designed to offer a low interest rates and very flexible reimbursement terms than conventional car or home loans. But finding a low interest student loan will want some serious work on your part.
Federal loans, federally guaranteed loans, underground loans, parental loans - how do you find the one that's right for you?
Federal Student Loan Programs
How To Find A Low Rate pupil Loan ?
Your first stop should always be the federal student loan programs. Even if you don't think you are eligible, it is worth completing the standard application form and submitting it just to see if there are grants or other types of loans you might be able to obtain. Also, most colleges and universities want you to perfect the federal form because they use the data it contains to assess your eligibility for state aid as well as their own institutional programs.
During the late 1990's and the early 2000's the interest rates on federal student loans were at historic lows. The rates have since moved back up some, but they are still substantially lower than those ready through conventional loans.
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