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Subsidized Student Loans Information & Progam To Use

August 27, 2011

Subsidized Student Loans

Before we get into some of the great program that offers subsidized student loans, we will overview exactly what it means, if you already know, feel free to skip to the section where it talks about these great lenders. Anyways subsidized student loans are there for you when your other financial aid options aren’t providing enough funds to cover your tuition costs. This isn’t the only benefit of subsidized student loans as the interest on these loans are paid by the government or a third party lender, which means the interest will not stack up on you when you are in college, and you will never have to pay this money back, as well as do not require payments until college is over, where compared to subsidized loans where you will have to pay interst while in school.

subsidized student loans

Subsidized student loans are usually provided on a needs basis, meaning that those who need them most tend to get them the most which can be in the case of low income, and certain areas of residence, or just not enough funding from other sources like grants, scholarships or help from family, etc. The low income requirements have shown it to be that 50 percent of subsidized student loans go to those who have an house income level of 50,000 or below, 25 percent for 50,000 to 100,000 and 10 percent to over 100,000. Subsidized student loans also require that you are enrolled on a half time basis in order to keep receiving the benefits that were mentioned above. The great thing about subsidized student loans is that they are not credit based and you do not have to require a cosigner, you can even get subsidized student loans with no credit history at all.

Subsidized Student Loans - The Program To Use

When it comes to the subsidized student loan program to use, it is a federal, or government funded programs, that can assist you, as well as provide eligible applicants with great benefits. Also with these being federal programs, they offer much lower interest rates compared to private programs. Here are two great federal options to use for your subsidized student loan.

Stafford Subsidized Student Loans

  • This option provides its eligible candidates with fixed interest rates, meaning that they will never change, which are as low as 4.50 percent. So for example say you take out a 20,000 dollar loan at 4.5 percent. You will end up paying 900 dollars back in interest on top of the original 20,000 dollar debt. This program has a repayment period which is 10 years, although it can be extended in some cases, and also allows you to borrow enough to cover what your other programs aren’t covering.

Perkins Subsidized Student Loans – Qualification

To qualify for these subsidized student loans through the programs mentioned above, you will have to fit the following criteria:

  • Be a citizen of the USA or be able to prove that you are a permanent resident.
  • Complete a FAFSA application, which stand for Free Application for Federal Student Aid.
  • The completion of at least your highschool education or something equivalent, like a GED.
  • You are not defaulted or have a delinquent account with any other federal lender program.


Consolidating Private Student Loans – Advantages & Disadvantages

August 27, 2011

Consolidating Private Student Loans

Are you looking for inforamtion on consolidating private student loans, well you are in the right places as we will show you both the advantages and disadvantages of this process. Lets face it, pretty much everyone that goes to college has to take out more than just one loan to have enough to pay their tuition, some three or four or more. Consolidating private student loans can be an excellent way to save you both time and money, among many other things, but is it for you? The next section will provide and overview of the process as well as go into detail about both sides to consolidating private student loans, so you can decide for yourself.

Consolidating Private Student Loans

Overview Of Consolidating Private Student Loans

If you aren’t familiar with the process of consolidating private student loans, it is essentially where all of your loans are combined into one lump sum where you just pay one loan payment per month. You can do this through many consolidation companies out there who will take care of all the major details, like paying off your loan lenders so that they can now be your sole loan lender, so where all you have to worry about is getting your payment in on time.

Pros & Cons of Consolidating Private Student Loans

First we will start with the benefits that are provided to one who is thinking about consolidating private student loans:


  • Consolidation companies reset all of the financial payment information once they obtain your loans, like monthly payment as well as interest rate. By searching for a consolidation company that does private student loans, you can get one who requires both lower monthly payments as well as lower interest rates compared to what you were paying to your previous lenders. A lower credit score can be attained if your credit has improved from when you first took out your loans, as a credit  check will be run, and is one of the main factors in your eligibility.
  • Another great benefit to consolidating private student loans as that most all consolidation companies have very flexible repayment options, meaning that you can pay your student loan off a lot faster by upping the monthly payment, as well as save in the interest you would have paid if you just paid the minimum.
  • You only have to focus on making one payment instead of multiple as well as only have to call one resource for any questions related to your repayment programs.


Here are some of the drawbacks of consolidating private student loans:

  • The first disadvantage to consolidating private student loans is the oriantation fee, also known as the activation fee, which is what you pay when you first establish an account with a consolidation company, can be very high in many cases. For example, say that you will have a 50,000 dollar sum in which you consolidate, and the activation fee is 4 percent, that equates to an extra 2000 dollars you have to pay.
  • Second, if by chance your credit schore is down in the dumps, consolidating your private student loans can result in you paying a lot more when it comes to interest. Like is was said above, the interest rate that you will pay is heavily based on your credit score, and it will be much higher if you have a negative credit history.
  • Consolidating private student loans can also result in you not being able to qualify for certain forgiveness programs, which are programs in which a big part of your debt can be wiped away.
  • Like it was said above, the repayment methods are flexible which lead many to choosing a longer period in which they want to pay off their debt. This will result in you paying a lot more on your loan and interest.

Consolidating Private Student Loans – Conclusion

Now that you know what the benefits and disadvantages are of consolidating private student loans, it should be easier to make your descision whether you want to go for it or not. It can be a great benefit to some, but can really be an even bigger burden to others. The best thing to do now if you are still contemplating whether or not to consolidate your private student loans is to do your homework by taking the pros if they are relevant to your situation, as well as weighing the cons to see if benefits outweigh them. The other thing you can do when thinking about consolidating private student loans is to shop around with different companies, and view what their guidelines are.

Student Loans Without Cosigner – Background & 3 Programs to Use

August 27, 2011

Student Loans Without  Cosigner

If you have come to this page looking for student loans without cosigner programs, because either you haven’t built up a credit score yet, or your credit score is a little low, don’t worry there are alternatives that will allow you to get a student loans without cosigner! Being that there are two different types of loan groups out there, government loans, and private organizations, that you can get loans through.Tthis article will provide to you 5 different programs that you can use to get student loans without cosigner needed, read on for more information.

Student Loans Without Cosigner

Student Loans Without Cosigner – Overview of the two loan methods

First off, when it comes to federal loans, they could really care less about credit, making it easy to get student loans without cosigner through a government organization a lot less painless than you may have thought. They are geared towards offering aspiring students loans who have little or no credit at all, bad credit, little or no income among others, so as you can tell they cater to people who can’t really provide a cosigner and also have great benefits not having to pay it back until you are fully complete your education, laid back repayment methods, and a low interest rates that are fixed, meaning they won’t change.

Whereas private loans are hard to get student loans without cosigner, have less leinient repayment methods, and are heavily based on what your credit score is, and worst of all you are stuck with the loan if you can’t pay it because delcaring bankruptcy is not an option with a private loan. With this being a said, we will focus on federal loan programs, so be sure to exaust these federal resources first before you try for a private loan. Without further adieu, here are your 5 programs to use when seaching for student loans without cosigner methods.

Student Loans Without Cosigner – 3 Programs to Use

  1. The first program you can use that offers student loans without cosigner needed is The Stafford Loan. This option allows you to get fixed interest rates as low as 3.4 percent, allowing you the freedom to borrow over 20,000 dollars per year to use towards schooling costs depending on how far along you are with your schooling, you don’t have to pay a cent until you have finished you degree, non based credit score acceptance.
  2. Another federal resource you can use when looking for student loans without cosigner needed is a program called The Perkin Loan. This program provides you with the opportunity to get a fixed interest rate at as low as 5 percent, allowing you to borrow up to 27,500 dollars throughout undergraduate studies, and up to 60,000 dollars during your post graduate studies, which includes what you borrowed for undergrad. This program also allows you to get all your financial aid through the school that you are going to directly.

If you are overwhelmed by the word loan, which we don’t blame you at all, take a look at the program called the The Pell Grant program. This is money that you will never have to pay back and can be a great resource to get the funding you need to complete your schooling.

  • The Pell Grant is another resource you can use when trying ot get student loans without cosigner. This program is one of the most widely used program around when it comes to getting free money for college, being that they have over 5 million people currently receiving financial aid. You can receive up to over 5000 dollars per year of schooling.

Student Loans Without Cosigner – Conclusion

The first thing you will want to do is fill out a FAFSA which stands for Free Application of Federal Student Aid. Filling out this program will provide you with all the programs you are eligible with to attain loans through. Great luck on your search for student loans without cosigner, and hopefully this was the exact information you needed!



Student Loans For Bad Credit – How To Still Get A Loan

August 27, 2011

Student Loans For Bad Credit

What if I were to tell you that there was a loophole to where you can get student loans even though you have bad credit? Well that is exactly what this article was written as there are many student loans for bad credit programs out there that you can use to get the money you deserve to go back to college and attain your college degree. Don’t let a bad credit score hold you back from getting your education. The following information will provide you with how the method that allows you to get student loans for bad credit.

Student Loans For Bad Credit

Student Loans For Bad Credit – How to get loans

1.)  I have three words for all of you looking for student loans for bad credit, they are Federal Student Loans. Federal loans could really care less about what you credit score is and most all of them don’t require that you have a cosigner to obtain a loan. Another great part about this student loans for bad credit method is that federal loans will provide its eligible candidates with the lowest ineterest rates around compared to private orgranization, like the Stafford Loan which is currently around 4 percent, insanely low. Some of the federal loan porgrams you can use are:

  • The Stafford Loan
  • Parent PLUS Loan
  • The Perkins Loan

2.)  If for whatever reason you want to go through a private organizations when looking for student loans for bad credit, you can always get a cosigner who you know and trust and who has a good enough credit score to make payments. Remember though with this option, you want to make sure to make the payments every time as your choosen cosigner is putting their faith in you to make the payments. A great thing about this is that most loan companies allow you to have a payment free college experience, and require that you start paying 6 months after you are done, allowing you to have time to get a job and make those payments. Also, if you choose this student loans ford bad credit method, after a certain amount of time, which is around 40 payments, the debt can be tranferred to your name, giving you an excellent opportunity to raise your credit score by making your payments on time.

3.)  This next option can be used either before using the above methods, if for some reason these student loans for bad  credit methods don’t work out for you. What you can do is visit a credit counseler at the school you with to attend, either the counseling will be at the school or you will be referred to someone who does credit counseling. By using these two resources, they will provide you with information on how you can get student loans with bad credit. These people are professionals who are their with the goal of helping you get the funding you need to attend college and fulfill you dream of getting a degree. With this option, if you meet with a counseler at the school, you can also inquire about if there are any programs through the school that provide student loans for bad credit, or any grant programs that may apply to your situation.

Student Loans For Bad Credit – What to do now?

The first thing you will want to do immediately is fill out what is called a FAFSA which stands for Free Application for Federal Student Aid. This application will present to you the loan programs that provide student loans for bad credit that cater to your personal situation. Also being that you are looking for student loans for bad credit, after a cert

Benefits of Federal Student Loans & Programs to Use

August 27, 2011

Benefits Of Federal Student Loans

Before you put your schooling on a credit card or go through a private organization to get student loans, you must read this article about the benefits of federal student loans, which many professionals advise against putting your tuition costs on credit cards as there are often heavier interest and other fees that apply. Below will be 6 different benefits that federal student loans bring to their eligible applicants, as well as how to obtain one through a quick and easy process.

Federal Student Loans & Programs

Federal Student Loans – 6 Benefits

  1. Being that we are using the word loan, students obviously want to get it paid off ASAP. With all federal student loans programs, they will never penalize you for paying higher than the minimum when it comes to monthly payments, unlike many other private organizations.
  2. With federal student loans, there is the opportunity for you to do what is called a “debt forgiveness” where you will be provided the opportunity to work a public service job where you will get your entire debt knocked out on what is left after you pay 120 payments, or 10 years, regardless of how much is left. If you choose to go into a debt forgiveness program, you will be granted the opporunity to only have to pay 15 percent income on your monthly debt bills.
  3. The interest rate that you establish on day one will never change. Federal student loans programs all offer fixed interest rates that never change, no matter what.
  4. With federal student loans, you actually get the freedom of choosing how long you with to pay off your loans. There is the main way of paying over a 10 year period, which will present you with high monthly rates but a lot lower interest payment, or you can choose one that starts out low and increases over time, and lastly you can choose to do things based on what your income will let you do, letting your have a program that will allow you to pay what you can afford each month.
  5. You can also consolidate federal student loans unlike with private lenders. This means that you can take all of your loans and put them into one loan program that will allow you to both have just one payment as well as give you the possiblility to save money in the short and long run by just paying one company instead of multiple.
  6. They also have deferment options, which basically means if you miss a payment or make a late payment, you will avoid delinquency by entering into a suspension program, allowing you to regroup financially and get your payment ready for the next month.

Three great federal student loans you can use are these programs:

  • The Perkins Loan
  • The Stafford Loan
  • The Student PLUS Loan

Benefits of Federal Student Loans – How To Get A Federal Loan

So now that you know the many of the benefits when it comes to taking out federal student loans, you can now decide whether you want to go with the method or not. If you do choose to, the first thing you need to do which should be done as soon as humanly possible is to fill out a Free Application for Federal Student Aid (FAFSA). Once you fill this out, you will be notified of which federal student loans programs you are eligible for if any

Suntrust Student Loans – Detailed Review Of Their Loans

August 27, 2011

Suntrust Student LoansSuntrust Student Loans

Suntrust student loans are a great program to use when the financial aide you are currently receiving like scholarships, grants and family help just isn’t enough. If you are looking for more information on Suntrust student loans, this is the place to be as we will provide you with a indepth overview of who they are, what they do, and the benefits that are offered to those who use Suntrust student loans, so you will have all the knowledge you need to either go with them, or skip to the next.

Suntrust Student Loans – Overview and Benefits

First off, Suntrust is a private loan lender that offers two different loans called the Academic Answer Loan and the Custom Choice Loan. will be a detailed list of both the benefits of the Suntrust student loans as well as what the qualification requirements are.

  1. A great benefit of the Suntrust student loans program is that you don’t have to pay a dime towards monthly payments for 6 months, also known as a grace period, giving you the time freedom to secure are job and be financially able to pay your monthly dues.
  2. There are no fees to speak of when becoming a client with Suntrust, meaning you won’t have to pay anything to sign up and be a part of their program.
  3. When it comes to payment time, Suntrust student loans are known for having very lenient repayment guidelines, which means you can pick a repayment program that fits your budget and lifestyle, like choosign how long you want it to take to get it paid off as well as the ability to adjust the monthly payment to fit your income budget.
  4. You will receive 0.25 reducation off your interest rate if you have your payments deducted automatically from your personal bank account. You can also receive another 0.25 percent if you have your money taken out from one of their Suntrust deposit accounts.
  5. Both Suntrust student loans offers what is called cosigner release which means that if you get someone to cosign for your loan, you can get it released from them to your name which will help people who have little or no credit, or bad credit, build up their credit scores as the loan will be in their name and the credit reports will be submitted to credit bureaus each month.
  6. You will also get graduation rewards that boast the opportunity of receiving 1 to 2 percent principal reduction.

Suntrust Student Loans – What You Need To Qualify

Now that you know some of the benefits of Suntrust student loans, now we will show you how you can become eligible to receive funds from them.

  • You must be enrolled in school at least at a half time level.
  • Also you must be a US citizen or be a permanent resident, and have documentation to prove it.
  • You must be of legal age which is around 18 some states 19, or 17 if you are going to be taking out loan with the aid of a cosigner.

Sutrust Student Loans – Conclusion

That is pretty much it when it comes to what the specifications of eligiblity for Suntrust student loans must consist of. All in all, it is a pretty good program, and offers some benefits that others don’t, like the graduation discount. It doesn’t really stand out in the crowd of loan programs, but it isn’t bad by any means. At the end of the day, the Suntrust student loans program is a great option to consider when seaching for a private lender for school loans.

Department Of Education Student Loans Major Overview

August 27, 2011

Department of Education Student Loans

There are 4 different types of Department of Education student loans, that many are now using to remedy the high prices of schooling. They are known as Direct Loans and are famous for being lended at every low interest rates and a lot of them do not require that you have a cosigner. The best part about these loans is that for the most part, your credit score doesn’t affect your acceptance when it comes to getting the grant money you need. This is just a background, below will be more information on, how to qualify, the different Department of Education student loans programs that are avialable along with the major details that encomapss this information.

Department Of Education Student Loans

Department of Education Studetn Loans – Overview

First off before we get into the different types of Department of Education student loans there are, you will need to first fill out a FAFSA which is a Free Application for Federal Student Aid. This program will take into account any help you are currently recieving like scholarships, grants, help from you parents, if any of these, and whatever the difference is that is left, when it comes to having enough to pay for school will be the amount of money you will be eligible for.

Qualifying for any one of the Department of Education student loans that are avaialable require you to meet certain criteria, those being that you can prove the following:

  • US citizenship or permanent resident
  • Provide a valid Social Security Card
  • Present either a GED or Highschool Diploma, or your two year degree if you are transferring from community college
  • Prove that you the finances are needed
  • Be maintaining what they call a “good standing” academically, legally and financially.
  • Lastly to qualify for Department of Education student loans is that you have to agree to maintain a certain grade point average while you are in your schooling

If you can prove the above, you will be deemed eligible for one of the Department of Education student loans, which the types of loans are discussed in the next section.

Department of Education Student Loans – Differnt Types

There are 4 differnt Department of Education student loans options that you can consider when searching for the right one for you. These loan options are offered through three different grant programs, those being The Stafford Loan which currently has the lowest interest rate, around 4 percent, The Perkins Loan which has a higher interest rate, but is a lot easier to qualify, and The PLUS Loan which is for parents to apply for when helping their child obtain eligibility for loan money. Below are the different categories in which Department of Education student loans are offered.

  1. Direct Subsidized Loan (DSL) which is interest free during the time that you enter college through the the completion of your degree. These Department of Education student loans are given according to financial need, and is given a grace period of what is usually six months after college where you don’t have to pay, leaving you time to find a job.
  2. Direct Unsubsidized loan (DUL) is the next type that is offered by the Department of Education student loans and unlike DSL loans, they are not based on financial need, meaning pretty much anyone can qualify. They also charge interest while you are in college.
  3. Direct Plus Loan (DPL) which explained above is the one where parents take out a loan under there name for their children.
  4. Direct Consolidation Loan (DCL) is the last type of option that the they offer and this is for those who are looking to combine multiple loan programs into one payment.

Department Of Education Student Loans – Conclusion

This is a main overview of the Department of Edcucation student loans program, one that offers billions of dollars per year for students to go to school and attain their degree. They are an excellent organization to go through that is funded by the government so you know they will be legitimate. Hopefully this information on the Department of Education student loans was what you were looking for, and all the best of your application process!

All About The Stafford Student Loans

August 27, 2011

The Stafford Student Loans

Since you have come to this page, you probably have heard about Stafford student loans, as they are one of the biggest federal loan lender programs around. They offer you the chance to go to college on their dime if you are unable to afford it, which is a great benefit, but are Stafford student loans worth it? Well below you will be given information on both types of loans that they offers as well as a list of both the pros and the cons when it comes to taking out Stafford student loans so you can decide for yourself whether to say yay or nay.

Stafford Student Loans

Stafford Student Loans – Two Different Types


The first one we will talk about is the Subsidized Stafford loan. This Stafford student loan chargest absolutely no interest during the time where you are in school, which means that government picks up the bill, paying your interest for you. If this sounds to good to be true, well it kind of is as this loan program is solely based on the financial need of the applicant, meaning that not everyone will qualify, or those who need it most tend to get it first. Your eligbility is also determined by if you or your parents fall in to the correct tax bracket, and with the subdidized Stafford studetn loans, the school you are going to attend will determine how much you get in the form of grant money.


If the above doesn’t quite suit what you are looking for, the other option is the unsubsidized Stafford student loans. The great thing about this program is that pretty much everyone is gauranteed to qualify for this option, but unlike the subsidized option, ubsubsidized Stafford student loans require that you pay interest right off the bat, or as soon as your loan is issued. This option can be great for people who dont qualify for the subsidized option, and can pretty much get the same benefits as subsidized option by paying just the interest payments while you are enrolled in school. That way when you get out of school, you are left with just the loan, and not the accumulated interst for the years that you were in college. The ammount of money you will receive is also decided by the school you wish to attend.

Stafford Student Loans – Pros & Cons

Now that you know some of the details of both the Subsidized and Unsbsidized Stafford student loans, there are overall pros and cons that come with choosing each one of them. Here are the pros and cons of Stafford student loans:


  1. They are not credit score based.
  2. Their loans are lended at a fixed rate which means no compounding interest, your rate will always stay the same. Current fixed rates between 2010 and 2013 are at 6.8 percent.
  3. They offer loan repayment or also know as loan forgiveness where you can work a public service job, or to the likes of it, and get the chance to get a lot of your debt forgiven, or deleted essentially at the end of your public service term. Usually this is whatever is left after 120 on time payments.
  4. When you go to pay back the loan, they offer you the freedom to tailor a payment schedule that fits what you can afford.


  1. Bankruptcy is not an option on Stafford student loans or any federal lender that you go through.
  2. Being that they are fixed rates, there also is a negative side of that, as if the median fixed rate drops, your rate will stay at what it is when you took out the loan.
  3. Government loans stay in your credit record forever, so you must make sure to make your Stafford student loan payments on time.

Stafford Student Loans – Conclusion

The last thing that you need to know is that you should leave about 2 months time before you need the grant in order to fill out the Stafford student loans paperwork, which there is a lot of it. Also, you will needed to fill out a FAFSA which means Free Application for Federal Student Aid, which is madatory for all applicants.

Tips to Paying Off Student Loans Faster – 10 Fast Ways

August 27, 2011

Paying Off Student Loans

Student loans are known for being things that just never go away, for some people, they are like the stink on their feet, they will always be with them! But the below information will expose some loopholes in the system to use for paying off student loans a lot faster and be done with it for good. Read on to find out 10 methods to use to knock out your debt in record time.

Paying Off Student Loans

Paying Off Student Loans Faster – 10 Methods

  1. Don’t settle for your first job offer is the next way you can use to paying off student loans faster. If you can wait it out to getting a job that pays you a couple extra thousand a year, you can put that extra money towards paying off student loans a lot faster.
  2. The next way to pay off student loans faster is to keep living like you are in college. Being that you are just out of college and are still in the “college living” mentality, where buy the cheapest items, this can help you save money to pay your loan off much faster, enabling you to enjoy the good things a lot quicker since you will be out of debt faster.
  3. Student Repayment Calculators are an excellent tool to use when setting out to find ways of paying off student loans much faster. They can essentially let you view how fast it will take you if you up the monthly payment, as well as show you how much you will save in interest by paying a higher monthly payment, and also let be a resource you can use when doing monthly budgeting to make sure you have enough for your loan payment each month. Being that we are on this option, paying higher than the minimum is one of the best methods to paying off student loans. To do this the right way, you want to pick the shortest loan repayment program that you can afford.
  4. For all of you students who have loan programs where they are required to pay interest while in school, pay this interest to avoid both paying it later as well as compounding interest.
  5. If your repayment program will allow you, pay in the form of bi-weekly payments. This works awesome when it comes to paying mortages off fast and can work just as good with your student loan. This will both save you money on your grand total as well as what you would pay in interest because paying bi weekly offers less time for between making your payments for the interest to accumulate as well as up your annual payments to 26.
  6. Consolidation of student loans is another way of paying off student loans at a much quicker rate as well as provide you a less stressful payment plan, being that you only have to pay one lump total to one company. With this option, be sure to make sure that meet with a counseler to check if consolidating your loans will save you money, because this plan can actually end up costing you more if you aren’t careful.
  7. Transferring your debt onto a credit card with lower interest is another way you can you to pay off your debt quicker.
  8. Pay your private loans off first, if you have any. These programs are known to have much higher interest rates compared to that of federal loans. You can focus on paying them all off at the same time, but if you have any extra, always put it towards your private loans.
  9. Paying off student loans faster can also be done by saving for retirement. Yes I know this sounds weird, but those who save for retirement are rewarded in the form of tax refunds, which you can use immediately towards your student debt.
  10. One more paying off student loans faster method is that many loan providers have what is called “loan forgiveness” programs which you can go through which will forgive, or in other words, allow you to not have to pay a large portion of it by doing public service jobs. Basically with this option, you work at a job for 10 years, or for 120 months of payments, and at the end of this time, the rest of your debt will be wiped clean, no matter how much is left. These jobs can include working in places that education or the certain trade is needed most like low income, joining the army or a program like the Peace Corps, among many others. The best way to find out about these programs is to inquire about it through your loan provider(s).

Paying Off Student Loans – Conclusion

This may have been a lot of information to take in, but you ought to know many ways when it comes to paying off student loans faster so that you can use as many as possible and knock it out faster than you may have ever thought. Hopefully this paying off student loans list helped you immensely and it is exactly what you need to become debt free fast.

AES Student Loans – Their 4 Different Options

August 27, 2011

AES Student LoansAES Student Loans

AES student loans are offered through a program called the American Education Services who are a loan provider company who offers many different loans depending on what you are looking for. They were established in 1964 and have evolved from a small corporation into one of the largest loan providers in the US. What they are there for is to offer you the money you need when your grants, scholarships and other financial aid just isn’t cutting it as far as having enough money to cover college tuition. Below will be a detailed review of each of the AES student loans as well as the overall pros and cons, so that you can get familiar with them and decide for yourself if AES student loans are ones that you want to utilize for your college tuition.

AES Student Loans – 4 Different Options


This loan option is offered with many benefits to its applicant like:

  • No cosigner needed in order to be eligble
  • You don’t have to have good credit in order to qualify for this loan, so the chances are high when it comes to acceptance.
  • 6 month grace period where you don’t have to pay monthly loans for a 6 month time period.
  • Along with the grace period, you don’t have to pay anything while you are in school, both monthly payments as well as interest until you are finished with school.
  • They offer the opportunity of subsidation.
  • Best of all, you are not penalized if you pay your loan off early


  • This loan covers other aspects of college other than tuition like room and board as well as any other fees that deal with you education.
  • You can borrow up to the amount of what you have left in financial aide needed to have enough to pay your tuition.
  • Lenient repayment options.
  • There are no income requirements to qualify.
  • Payments are often considered tax deductable.


  • There are no income requirments in order to qualify
  • Your interest payments can be tax deductable.
  • Very flexible repayment options are available, providing a program that will suit what you can afford each month.
  • There are no pre-payment penalties.
  • If you have bad credit, you can still qualify with a credit-ready endorser


These come in various forms of private loans, and are not federal funds so they are very different from the above options. Some details about the Alternative Student Loans are:

  • They have higher interest and fees compared to the three options above.
  • The repayment options are a lot less lenient.
  • Are there as a back up plan if you don’t qualify for the first three loans above.


As you can now tell, AES student loans can really cater to many different needs for people who are looking for student loans that will enable you to pay for your tuition. To give you an even better feel for what AES student loans have to offer, here is an all encompassing pros and cons list:


  • Low interest rates, being that they are being loaned with federal funds.
  • Fixed interest rates, meaning they will never change from the minute you obtain the money until your last payment.
  • They are pretty easy to qualify for.
  • Flexiblity of repayment is another great benefit of AES student loans


  • Although the interest rates are fixed, this can act as a negative because if the average interest rates fall, you are stuck with paying a higher that average interest payment.
  • Bankruptcy is not an option with the first three options.