Consolidating student loans faq
Consolidating student loans faq - dating game book series
You have many options when it comes to student loans for higher education.A few things to keep in mind: Fill out the Free Application for Federal Student Aid (or FAFSA).
Under the Citizens One brand we offer Auto Loans, Credit Cards, Mortgages, Personal Loans and Student Loans.Our Frequently Asked Questions page can answer most questions you have regarding the servicing of your student loan account.Just select a category or topic within a category and scroll to a question that suits your needs.Prior to July 2010, there was also a federal Family Education Loan Program (FFEL), also known as the guaranteed loan program.These loans were made by private lenders and guaranteed by the government.They carry lower, fixed interest rates and often have more favorable terms than private (or alternative) loans.
If you need to use private student loans, consider all of the costs.Most private loans have variable interest rates (meaning they will fluctuate over time), while government-backed (or federal) loans have fixed interest rates and more lenient repayment terms.Simple Tuition pre-screens loans based on your search criteria.Rates and terms available may not be better than your original loan, and lower monthly payments may cause you to pay more in interest over the extended life of the loan.If you don’t see the income you listed on your application in the table above or are unable to provide the requested documents, please contact us and we’ll help you determine how we can verify your income.Borrowers should generally maximize their federal loan options before resorting to private loans. Banks and lenders – not Congress – set the interest rates, loan limits, terms, and conditions of private loans. In addition, in most cases, borrowers must have a high school diploma or equivalency.