Citibank, Private, Federal,

Options For Undergraduate Student Loans: Choose Wisely For Your Education Success

Undergraduate Student Loans

Shopping for undergraduate student loans doesn’t have to be overwhelming. You just need to look in all the right places. You can start looking for loans for school from the government before moving on to private student loans. But of course, you need to gather as much information first before applying for any undergraduate student loans.

Let SimpleTuition find the right student loan for you.

It’s a reality that student loans will always be needed to fund a college education. It is surprising, however, that there are still millions of students who fail to take advantage of federal undergraduate student loans. If you want to qualify for any of these, you can start by filing the FAFSA.

The Free Application for Federal Student Aid (FAFSA) is available in PDF, paper, and online form. You should remember to take your time and complete the necessary requirements before filing. Some of these requirements include you and your parents’ social security number, your parents’ investments and savings information, and your driver’s license (if applicable).

The Stafford Loans are really the most popularly awarded federal student aids. These are needs-based. If you demonstrate great financial need, as determined by the government, you’ll most likely get the subsidized type. Meaning, the government will pay for your monthly interest rates while you’re in school and until 6 months after you graduate.

The Perkins Loan is also a non-credit based financial aid for college that’s guaranteed by the U.S. Department of Education. Since its funds are pretty limited, applicants are encouraged to apply early. The whole amount that you’ll be receiving will depend on the available funds during your loan approval. For undergraduates, the maximum loan limit is $5,500 per year.

When all federal education funds are exhausted, the next (and last) option is a private student loan. You can apply for these from for-profit institutions, like Sallie Mae, Chase Bank, Citibank, and SunTrust. Since almost all undergrads are non-creditworthy, a cosigner is always needed in order to be approved and get lower interest rates.

Citibank is one of the traditional sources for private student loans. Currently, they offer the CitiAssist student loan that’s reserved for both undergraduates and graduates. As an undergraduate, you’re entitled to a maximum loan limit of $120,000. Just like others, this also has a variable interest rate and can be repaid 6 months after graduation.

If you have multiple student loans, a loan consolidation program is one great option that will help you pay for these all at once. A loan consolidation program will also help lower your monthly interest rate. Remember that you need to continue paying for each loan until you’re notified that your application has been approved.

Private student loans are only meant for supplementing a federal student loan. They’re not supposed to cover the whole cost of your education. And don’t forget to gather as much information as you can, so you can make wise decisions about the right undergraduate student loans fit to your needs.

Florida, Texarkana, Arkansas, Park Ridge, Newton, Salem, Burlington, Clawson, Hackensack, West Hollywood, Grand Island, Glens Falls, Jacksonville, College Park, Florence, Fremont, Bowling Green, Jackson, Park Forest, Wyoming, Sharon, North Miami Beach, Escanaba, Redmond, Sebring, Springville, Castle Rock, Holly Springs, Bainbridge, Santa Clarita, Lenexa, Washington, Nashville-Davidson metropolitan government (balance), Missouri, Overland Park, Laconia, Utah, Ohio, Golden Valley, Fremont, Moultrie, Kentucky, Arnold, Camarillo, Friendswood, Pompton Lakes, New Mexico, South Dakota, Yuba City, Roy, Shawnee, Mankato, Peekskill, Griffith, Pacifica, Brigham City, Lakeville, Palm Springs, Jasper, Fortuna, Lewiston, Jeffersontown, Fairmont, Little Chute, Oro Valley, Atlantic Beach, Broken Arrow, Desert Hot Springs, Gallatin, Aliquippa, Hibbing, Pawtucket, Ontario, Huntersville

Comments page 1 of 1

Click here to add a comment

Isabel

Posted 71 days ago

It depends on the type of BK you're doing. A cephtar 13 consolidation no it doesn't get rid of any private loans. If you're filing a Chapter 7, it depends on what's listed on your papers as debts. If the particular bank loan is listed as a debt, it will be forgiven, if not, you'll be responsible for it. If you want it to be forgiven, be sure you see it listed as a debt on your paperwork. Being a student loan from a private bank (non-federal) doesn't exempt the loan from the BK at all. But think a minute, the less debts you list, the better it is. And student loan interest rates are usually low. If your interest rate is low on the student loan (and your payment isn't too high), think about keeping the loan off the BK, because you'll be rebuilding good credit with each payment.A Tip: Beg one credit card company to keep their account open for you. Even it means they lower your credit balance. This eases your recovery and allows you to rebuild a credit history.The whole trick is to rebuild a good credit history during the 10 years the BK is on your record, and living BELOW your means for the duration.Good Luck.

<1>

Bad Credit Loans - Financial Advice For Single Moms

By Paul Sarwana
If you're a single mom that is struggling financially, before you borrow money from payday loan provider, you should consider acquiring bad credit loans. In this brief article, we will discuss your bad credit loan options and offer some practical tips for improving you and your family's financial future.
[READ FULL ARTICLE]

Single Mom Scholarships and Grants - How to Apply For Scholarships For Single Mothers and Parents

By Sani Orman
There are many women who are not educated and now are single. Being the head of the family they have to take care of all the financial matters of the house and have responsibility of children too. US government has now introduced single mom scholarship so that she can pursue her studies which she left before. Single mother college scholarship is easy to get but there is a certain criteria and qualifications to get it.
[READ FULL ARTICLE]

What Kinds of Financial Aids Are Available For Single Mothers?

By Susan Chua
There are many forms of financial aids available to single mothers. However, not every single mom will qualify. Read on to find out how you can obtain financial assistance as a single mom as well as learn the type of financial aids available.
[READ FULL ARTICLE]

Single Mom Scholarship - Your College Fees Paid For

By Ruby Houston
A single mom scholarship provides the very best opportunity for mothers to go to college. If you have been staying at home to look after your child or children, then finding the money to go and study and take up a career is very difficult. A single mom has it even harder than those mothers who have help at home.
[READ FULL ARTICLE]

Single Mom School Loans

Get information on undergraduate student loans.