Besides access to scholarships and college loans, we also offer options for credit cards, student credit cards, prepaid college credit cards, student health insurance, and short-term health insurance for recent grads. We offer a wide range of education finance products and services, including a free online scholarship search engine, links to a network of student loan providers, and extensive information on federally guaranteed parent and student loans, private student loans, and student loan consolidation programs.
Stafford loans are the most common and one of the lowest-cost ways to pay for college, student needs, and life after college. It provides the amounts borrowed for just the graduate education and also the combined totals for undergraduate and graduate students attending college at least half-time. The following table shows the percentage borrowing and average amount of cumulative debt per borrower among graduating students according to degree program. Graduate and professional students borrow even more, with the additional cumulative debt for a graduate degree typically ranging from $30,000 to $120,000.
The following table shows the percentage borrowing and average amount of cumulative debt per borrower at graduation according to type of educational institution but not restricted by degree program. The following table shows the percentage of students borrowing and average cumulative debt per borrower at graduation according to type of educational institution but not restricted by degree program.
The median cumulative debt among graduating Bachelor's degree recipients at 4-year undergraduate schools was $19,999 in 2007-08. These statistics are not necessarily available from published NPSAS reports. These figures were calculated using the data analysis system for the 2007-2008 National Postsecondary Student Aid Study conducted by the National Center for Education Statistics at the US Department of Education. The best loan for parents who want to pay for their education and the average cumulative debt was $24,651.
Borrow up to the total education cost less other student aid, low fixed interest rate, no required payments while in school at least half-time, six-month grace period, generous repayment terms, no prepayment penalty. The best loan for graduate students who need additional funding. Borrow up to the total education cost less other student aid, low fixed interest rate, no required payments while in school at least half-time, no income requirement, flexible repayment, no prepayment penalty. Among graduating 4-year undergraduate students who applied for federal student aid, 86.3% borrowed to pay for their child's education.
Two-thirds of 4-year undergraduate students graduated with a Bachelor's degree and some debt in 2007-08, and the average student loan debt among graduating seniors was $23,186. Few students can afford to pay for college without some form of education financing. Many lenders offer a variety of student loan discounts to attract borrowers. Nothing prevents a lender from charging lower fees. Federal law sets the maximum interest rates and fees that lenders may charge for federally-guaranteed loans.
Federal education loans are available in either the Direct Loan or federally-guaranteed student loan programs. A fourth type of education loan, the consolidation loan, allows the borrower to lump all of their loans into one loan for simplified payment.
Education loans come in three major categories: student loans , parent loans and private student loans. An education loan is a form of financial aid that must be repaid, with interest. Looking for an early start on the financial aid process. Our mission is to provide tools to help students and parents research and compare student loan programs. Select an option below or compare all loan types. Education loans come in three major categories: student loans , parent loans and private student loans.
An education loan is a form of financial aid that must be repaid, with interest.
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