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Student loans are an important part of higher education, and they can even build a good credit history with timely payments. Get information on student financial aid, both federal and private, in this free video series on student loans.
There are 12 videos in this series:
Applying for free government grants, loans and scholarships begins with the free FAFSA online application, which helps to determine the estimated family contribution and the government's contribution. Apply for student financial aid, including the Pell grants, Stafford loans and Perkins loans, with financial advice from a guidance counselor in this free video on student loans.
Unsubsidized loans and subsidized loans differ on the point of interest, as an unsubsidized loan interest begins accruing the day it is borrowed and a subsidized loan interest does not begin to accrue until separate from full-time school. Compare these two types of loans with financial advice from a guidance counselor in this free video on student loans.
Low-interest student loans are dependent upon a good credit score, the state of the economy and interest rate levels, whether it is a variable or fixed loan and where the loan is coming from. Find lower-interest loans, raising credit scores and having a cosigner to help, with financial advice from a guidance counselor in this free video on student loans.
To get a student loan for a private pilot's license, attend a specific technical school that offers associate degrees, where scholarships and federal loans are applicable. Finance a private pilot's license, soliciting private organizations and getting a part-time job as well, with financial advice from a guidance counselor in this free video on student loans.
To get a student loan for off-campus housing, a private loan is required, as federal loans only go towards tuition and fees. Get a private loan, a part-time job or private grants for off-campus housing aid with financial advice from a guidance counselor in this free video on student loans.
Getting a student loan with no credit history of cosigner is possible through federal student loans, which are not based on credit history, or it is possible with a higher interest rate. Even with no credit history or cosigner, find student loan opportunities with financial advice from a guidance counselor in this free video on student loans.
Getting student loans discharged or forgiven is not common, but it is possible by majoring and working in a certain field, spending a certain amount of time in the military or having an undue hardship that forces bankruptcy. Discover the ways that student loans are forgiven with financial advice from a guidance counselor in this free video on student loans.
Going to college without student loans is still possible with help from parents, winning the state lottery, being an academic or athletic superstar to get full scholarships or researching other private organizations offering grants and scholarships. Discover the options available for higher education without the use of student loans with financial advice from a guidance counselor in this free video on student loans.
The maximum wage garnishment for failure to pay a student loan is usually 15 percent of the take-home income, and wage garnishment severely hurts credit history. Find out how the government can take money out of paychecks for loan payments with financial advice from a guidance counselor in this free video on student loans.
To stop having wages garnished to repay a student loan, make contact with the lender, agree upon a specific dollar amount and make six consecutive monthly payments on time to meet that goal. Cease wage garnishment by building up better credit with financial advice from a guidance counselor in this free video on student loans.
Paying off student loans requires making timely monthly payments, paying extra on top of the principle whenever possible and finding a good consolidation company to get the lowest interest rate possible. Get student loans paid off slowly with financial advice from a guidance counselor in this free video on student loans.
Student loan consolidation is a great way to get a lower interest rate, as a reputable consolidation company will buy each loan off of the original lenders, lump it into one loan and offer lower interest and even deferment plans. Consolidate student loans to get them paid off more quickly with financial advice from a guidance counselor in this free video on student loans.
Like all debt instruments, a loan involves the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back in regular installments to the lender. This service is generally provided at a cost, referred to as interest on the debt. Acting as a provider of loans is one of the principal tasks for financial institutions. In this free video series on student loans, a guidance counselor offers advice about student financial aid. Find out how to get student loans from the government and from private lenders. Get information on credit scores, interest rates and cosigners, all of which greatly impact student loans, and consider loan consolidation to lower the interest rate and get them paid off faster. As a young freshman or as a returning student, get federal and private funding to further education.
Cheri Ashwood Cheri Ashwood has a bachelor's degree in psychology and education and has been a guidance counselor for more than eight years. She is currently working at Tyrone Middle School in Pinellas County, Fla.dkdk
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