Is your dream of having education through the internet about to be aborted? You don’t have to forego your education for lack of fund. There are many people like you that have completed their online education. Thanks to online education loan.
With an online education loan, you don’t have to worry financing your online educational pursuit. Financially, there are some out there that cannot afford the cost of online education. Never mind the people out there telling you that online education is cheap. The term “cheap” is subjective. What may be cheap to you may not be same with me. Everyone is on different income bracket. Contrary to the wide speculation that online education is not as expensive as traditional education, statistics reveal that lots of people are still not able to afford it. For instance, if you want to get a master degree online, you must be ready to part with more than $2,000. To some people, this is on the high side.
This is why many people are turning to online education loans. This is a loan that can help you pay for all for the required fees by your online school. In other words, you don’t have to break into a bank before paying for your online education.
But how do you get online distance education loan?
It’s very simple to get online distance education loan if you know how. I know of the best way to secure a loan for your online education. Many people are not exploring this and are therefore at the mercy of many lenders out there. The lenders give you the loan at cut throat rate that make you their slave. There is a better way of securing a loan to finance your online education.
It is assumed that you are working presently. Have a discussion with your employer on how he or she can give you online education loan. Contrary to popular opinion, many employers love employee who are striving to develop themselves. These employers will be more willing to lend you the money to get online education. He or she knows that you and the company will be the better for it after you’re through. However, some, I say some may ask you to sign an agreement that requires you staying with the company for some years. If this is okay with you, then take the loan and get your online education certificate without any problem.
What if you’re not working? The governments of some states or countries do give out loan to qualified students. If you search well, you may find some schools that give out loan to intending and qualified students. However, I urge you to go through the conditions attached with the help of an attorney before putting pen to paper.
Online education loan will make your dream possible. Just use the tips given in this article and you’ll surely be happy.
Ras Reed is a prolific writer that gives free information on online education. Get more info at Online Distance Education.
Article Source: http://EzineArticles.com/?expert=Ras_Reed
Wednesday, July 11, 2007
Tuesday, June 19, 2007
Education Loans Can Fund A Higher Degree To Boost Your Career
The importance of a higher degree cannot be understated. In this information age, the best and the highest paying jobs are offered only to a privileged few, who are experts in their chosen fields. A superlative educational degree is an essential prerequisite to gain confidence of the employers and ascend the ladders of success in the fiercely competitive corporate world. The skyrocketing costs of higher degree and the associated maintenance expenditures look prohibitive at first glance, but an education loan comes as a panacea for the commoner who dares to dream big.
Education loans are available in the UK to persons, just starting their university education or to those already enrolled in a course. The lending agencies encourage people to improve their skills by pursuing higher education. While undergoing his chosen course, a person might be bothered by the living costs during that period, to relieve the applicant from this burden; education loans in UK not only provide for the tuition fees and the cost of the university education but also fund the student’s maintenance expenditures.
A full-time course is sometimes beyond the reach of many students. They could be preoccupied by their family obligations or a part-time employment, which provides some extra income. Such students can also receive the much-needed financial assistance from the loan agencies in UK. If, for any reason, a student has to extend the duration of his course, the lending agencies step in to fulfill the student’s requirement.
Before reaching on any decision, the lending agencies give a thorough consideration to the applicant’s monthly income, his monthly household expenses and the place of his residence during the course. An applicant who wants to pursue a course from a university situated in London will be entitled to a greater amount of education loan than the one who attends a university in a relatively smaller city. In the case of an independent adult learner, his income is the main consideration while deciding on the amount of education loan. The amount of education loan given to an applicant, who is living on his family’s support, is based on the incomes of his parents or guardians. The lending agencies also check how much value, the professional or university degree will add to the professional competence of the applicant.
To get an education loan in UK, a person has to apply to his Local Education Authority. This process is also available via Internet. Many lenders facilitate online application for the education loans and that too with minimum documentation. The entire process might take a few weeks to complete. It will be appropriate if the person applies to the concerned lender well in advance. The applicant should also take into account the deadlines of applying for the courses and try to synchronize the loan application process with it.
Education loans are the most cost-effective and convenient way of funding any higher education. The interest rate on education loan is equal to the prevailing rate of inflation. The repayment of an education loan does not start immediately. A student can repay the education loan after he has completed his education. The installments have to be sent directly to the lender. The repayment terms for an education loan are quite lenient, and if a person is not able to find employment or his salary is below £10,000, his repayment is suspended until he gets a job and starts earning a higher salary. With an education loan under his belt a person has every chance in this world to achieve the pinnacle of success.
James Taylor holds a Master’s degree in Commerce from JNU he is working as financial consultant for chance for loans. To find a personal loan,bad credit loans that best suits your needs visit http://www.chanceforloans.co.uk.
Article Source: http://EzineArticles.com/?expert=James_Taylor
Education loans are available in the UK to persons, just starting their university education or to those already enrolled in a course. The lending agencies encourage people to improve their skills by pursuing higher education. While undergoing his chosen course, a person might be bothered by the living costs during that period, to relieve the applicant from this burden; education loans in UK not only provide for the tuition fees and the cost of the university education but also fund the student’s maintenance expenditures.
A full-time course is sometimes beyond the reach of many students. They could be preoccupied by their family obligations or a part-time employment, which provides some extra income. Such students can also receive the much-needed financial assistance from the loan agencies in UK. If, for any reason, a student has to extend the duration of his course, the lending agencies step in to fulfill the student’s requirement.
Before reaching on any decision, the lending agencies give a thorough consideration to the applicant’s monthly income, his monthly household expenses and the place of his residence during the course. An applicant who wants to pursue a course from a university situated in London will be entitled to a greater amount of education loan than the one who attends a university in a relatively smaller city. In the case of an independent adult learner, his income is the main consideration while deciding on the amount of education loan. The amount of education loan given to an applicant, who is living on his family’s support, is based on the incomes of his parents or guardians. The lending agencies also check how much value, the professional or university degree will add to the professional competence of the applicant.
To get an education loan in UK, a person has to apply to his Local Education Authority. This process is also available via Internet. Many lenders facilitate online application for the education loans and that too with minimum documentation. The entire process might take a few weeks to complete. It will be appropriate if the person applies to the concerned lender well in advance. The applicant should also take into account the deadlines of applying for the courses and try to synchronize the loan application process with it.
Education loans are the most cost-effective and convenient way of funding any higher education. The interest rate on education loan is equal to the prevailing rate of inflation. The repayment of an education loan does not start immediately. A student can repay the education loan after he has completed his education. The installments have to be sent directly to the lender. The repayment terms for an education loan are quite lenient, and if a person is not able to find employment or his salary is below £10,000, his repayment is suspended until he gets a job and starts earning a higher salary. With an education loan under his belt a person has every chance in this world to achieve the pinnacle of success.
James Taylor holds a Master’s degree in Commerce from JNU he is working as financial consultant for chance for loans. To find a personal loan,bad credit loans that best suits your needs visit http://www.chanceforloans.co.uk.
Article Source: http://EzineArticles.com/?expert=James_Taylor
Monday, May 28, 2007
Private Education Loans
Education loans are sought by people who don’t have personal funds for their education. Private education loans, also known as alternate loans, are those that are taken when federal loans, grants, scholarships, and work-study programs are not sufficient. A private education loan would cover all education expenses such as: tuition, room and board, uniforms, transportation, fees, books and even a computer.
Private education loans are not guaranteed by the government unlike federal loans. These are generally offered by private trusts, philanthropic and non-profit organizations. The loan amount can range between $1,500 and 30,000. Generally, the loan amount would cover the entire cost of education, minus any federal grants or scholarships. All US citizens, nationals, or permanent residents can apply for a loan. Students who are applying for their own loans should be US citizens, should have a good credit record and meet certain conditions. Foreign students can apply with an eligible US cosigner. The interest rates for these loans are higher than those for federal loans ranging between 8-10%. Maximum repayment period is 20 years and is based on the loan amount. Minimum monthly principle and interest payment for some of these loans is $25. Repayment options are of many kinds. These include immediate payment of principle and interest, immediate repayment of interest, deferment of principle, and deferment of both interest as well as principle.
These examples are contingent on the kind of loan taken. For graduate/professional loans, both principal and interest are automatically deferred while the student is in school, and during the six months following graduation or from the time the student ceases to be enrolled in school at least half-time. Private education loans cannot be consolidated with federal education loans.
These days, there are many options of private education loans. Even the application process has become very fast and simple with web-based and telephonic applications.
Education Loans provides detailed information on Education Loans, Government Education Loans, Private Education Loans, Higher Education Loans and more. Education Loans is affiliated with Consolidate College Loans.
Article Source: http://EzineArticles.com/?expert=Max_Bellamy
Private education loans are not guaranteed by the government unlike federal loans. These are generally offered by private trusts, philanthropic and non-profit organizations. The loan amount can range between $1,500 and 30,000. Generally, the loan amount would cover the entire cost of education, minus any federal grants or scholarships. All US citizens, nationals, or permanent residents can apply for a loan. Students who are applying for their own loans should be US citizens, should have a good credit record and meet certain conditions. Foreign students can apply with an eligible US cosigner. The interest rates for these loans are higher than those for federal loans ranging between 8-10%. Maximum repayment period is 20 years and is based on the loan amount. Minimum monthly principle and interest payment for some of these loans is $25. Repayment options are of many kinds. These include immediate payment of principle and interest, immediate repayment of interest, deferment of principle, and deferment of both interest as well as principle.
These examples are contingent on the kind of loan taken. For graduate/professional loans, both principal and interest are automatically deferred while the student is in school, and during the six months following graduation or from the time the student ceases to be enrolled in school at least half-time. Private education loans cannot be consolidated with federal education loans.
These days, there are many options of private education loans. Even the application process has become very fast and simple with web-based and telephonic applications.
Education Loans provides detailed information on Education Loans, Government Education Loans, Private Education Loans, Higher Education Loans and more. Education Loans is affiliated with Consolidate College Loans.
Article Source: http://EzineArticles.com/?expert=Max_Bellamy
Monday, May 14, 2007
The Secret To US Department of Education Loans
If you have heard about any kind of Federal financial aid for students, you are already familiar with US Department of Education loans. The US Department of Education handles all government aid for defraying the cost of attending college in America, from grants to loans. The first thing that you will need to do to apply for US Department of Education loans is to fill out a FAFSA, or Free Application for Federal Student Aid form. FAFSA forms compare the amount of money required to attend a specific college to the amount of money that can be expected to be paid by the family of the attendee. Any difference is the amount of money eligible for student aid.
Qualifying for US Department of Education Loans
US Department of Education loans have specific qualifications that an applicant must meet to be eligible. The qualifications include US Citizenship (some non-citizens with social security numbers are also eligible), financial need, possession of a valid Social Security Number, and proof of eligibility for higher education in the form of a high school diploma, General Education Development (GED) certificate, or similar. Furthermore, applicants for US Department of Education loans must be in good financial, academic, and legal standing. In other words, they must be registered with the Selective Service if required, they must not have defaulted on a student loan in the past, they can have no record of conviction on charges of sales or possession of drugs, and they must maintain a certain grade point average (GPA) to continue to receive student loans from the Department of Education.
Types of US Department of Education Loans
There are three main possibilities when considering US Department of Education loans: grants, which are monetary gifts, student loans, and work-study programs where the money for education is earned. Only in the case of student loans does the money need to be repaid. Most federal grants are based solely on financial need, and some are given on a first-come-first-served basis, so it is important to apply as early as possible.
Work-Study programs are not technically US Department of Education loans, but they are a federally mandated way to receive financial aid to attend college. A number of work-study hours are specified as part of the financial aid package. These usually involve jobs working with non-profit companies or on campus, and pay a modest salary. The money earned can be used for college tuition.
True US Department of Education loans include the Perkins Loan, the Stafford Loan, and the PLUS loan for parents. Perkins loans have a particularly low interest rate and can be paid back over a time period of as long as 10 years. There are a limited number of Perkins Loans available to each school every year. The Stafford Loan has a higher interest rate than the Perkins loan, and doesn’t necessarily offer a grace period after graduation. However, there are more Stafford loans offered by the US Department of Education every year. Stafford loans are even available to students who don’t have a pressing financial need. Stafford loans may be paid off over a period of as long as thirty years.
PLUS loans are the final type of US Department of Education loans. They are offered to parents of undergraduates, as opposed to the students themselves. Payments on Federal PLUS loans start two months after the money is received, and can be paid off over a ten-year term.
About The Author
Mark Kessler's website offers a comprehensive free resource of college financial aid. Don't even think about paying for school until you've read this about Consolidating Student Loans, as well as Alternative Student Loans, ACS, Bad Credit, and US Department Of Education Student Loans, including a variety student loan articles.==> studentloans.seeking411.com
Qualifying for US Department of Education Loans
US Department of Education loans have specific qualifications that an applicant must meet to be eligible. The qualifications include US Citizenship (some non-citizens with social security numbers are also eligible), financial need, possession of a valid Social Security Number, and proof of eligibility for higher education in the form of a high school diploma, General Education Development (GED) certificate, or similar. Furthermore, applicants for US Department of Education loans must be in good financial, academic, and legal standing. In other words, they must be registered with the Selective Service if required, they must not have defaulted on a student loan in the past, they can have no record of conviction on charges of sales or possession of drugs, and they must maintain a certain grade point average (GPA) to continue to receive student loans from the Department of Education.
Types of US Department of Education Loans
There are three main possibilities when considering US Department of Education loans: grants, which are monetary gifts, student loans, and work-study programs where the money for education is earned. Only in the case of student loans does the money need to be repaid. Most federal grants are based solely on financial need, and some are given on a first-come-first-served basis, so it is important to apply as early as possible.
Work-Study programs are not technically US Department of Education loans, but they are a federally mandated way to receive financial aid to attend college. A number of work-study hours are specified as part of the financial aid package. These usually involve jobs working with non-profit companies or on campus, and pay a modest salary. The money earned can be used for college tuition.
True US Department of Education loans include the Perkins Loan, the Stafford Loan, and the PLUS loan for parents. Perkins loans have a particularly low interest rate and can be paid back over a time period of as long as 10 years. There are a limited number of Perkins Loans available to each school every year. The Stafford Loan has a higher interest rate than the Perkins loan, and doesn’t necessarily offer a grace period after graduation. However, there are more Stafford loans offered by the US Department of Education every year. Stafford loans are even available to students who don’t have a pressing financial need. Stafford loans may be paid off over a period of as long as thirty years.
PLUS loans are the final type of US Department of Education loans. They are offered to parents of undergraduates, as opposed to the students themselves. Payments on Federal PLUS loans start two months after the money is received, and can be paid off over a ten-year term.
About The Author
Mark Kessler's website offers a comprehensive free resource of college financial aid. Don't even think about paying for school until you've read this about Consolidating Student Loans, as well as Alternative Student Loans, ACS, Bad Credit, and US Department Of Education Student Loans, including a variety student loan articles.==> studentloans.seeking411.com
Thursday, April 19, 2007
Consolidating Student Loans-Things To Consider When Choosing Student Loan Consolidation Services
After I graduated college I had a mountain of debt. I had 4 different student loans all due at different times during the month. I was barely able to make all the payments, never mind remember when each one was due. When I first graduated it was also hard to find a good paying job right away. This made my stress level quite high as I didn't know how I would ever be able to pay off these loans. Fortunately I found a good student loan consolidation service which made my life a lot easier.
A good student loan consolidation service can reduce your monthly debt by as much as 60%. The interest rate and repayment times are all dependant on your credit rating and monthly income. I cut my monthly debt by around $400 when I consolidated, and it really helped me to start saving money.
One of the reasons you can save so much money is because you can choose to lengthen your repayment time by as much as 30 years. Even without an interest rate reduction, you should be able to save at least 40% on your monthly payments this way. The other thing I liked was that I didn’t need to think about 4 different bills every month with 4 different due dates. All I had was one easy payment a month. What a great way to start fresh after college. Once I got a good job I was able to make larger monthly payments and pay my loan off early!
When I consolidated my student loans my income to debt ratio also went down. If you don’t know your income to debt ratio is very important to banks when deciding if you qualify for a loan or not. Let’s say that you make $4000 a month and you have $2000 a month in bills. Your income to debt ratio would be at 50%. Most banks like to see your income to debt below 50% when deciding if you qualify for a loan and at what interest rate. Student loan consolidation services can reduce your income to debt ratio.
Consolidating my student loans was one of the best decisions I made in my early adult life. It allowed me to take my time in finding the right job and gave me peace of mind. If you are buried in student loan debt, then I highly recommend a good student loan consolidation service.
I am currently hosting a free website with loads of information on student loan consolidation services Please stop by at http://studentloanconsolidationservices.org for reviews and info on some of the best programs. We will also be adding a forum, so check back often !
Article Source: http://EzineArticles.com/?expert=Christopher_Whitcomb
Know more about Debt consolidation loans
A good student loan consolidation service can reduce your monthly debt by as much as 60%. The interest rate and repayment times are all dependant on your credit rating and monthly income. I cut my monthly debt by around $400 when I consolidated, and it really helped me to start saving money.
One of the reasons you can save so much money is because you can choose to lengthen your repayment time by as much as 30 years. Even without an interest rate reduction, you should be able to save at least 40% on your monthly payments this way. The other thing I liked was that I didn’t need to think about 4 different bills every month with 4 different due dates. All I had was one easy payment a month. What a great way to start fresh after college. Once I got a good job I was able to make larger monthly payments and pay my loan off early!
When I consolidated my student loans my income to debt ratio also went down. If you don’t know your income to debt ratio is very important to banks when deciding if you qualify for a loan or not. Let’s say that you make $4000 a month and you have $2000 a month in bills. Your income to debt ratio would be at 50%. Most banks like to see your income to debt below 50% when deciding if you qualify for a loan and at what interest rate. Student loan consolidation services can reduce your income to debt ratio.
Consolidating my student loans was one of the best decisions I made in my early adult life. It allowed me to take my time in finding the right job and gave me peace of mind. If you are buried in student loan debt, then I highly recommend a good student loan consolidation service.
I am currently hosting a free website with loads of information on student loan consolidation services Please stop by at http://studentloanconsolidationservices.org for reviews and info on some of the best programs. We will also be adding a forum, so check back often !
Article Source: http://EzineArticles.com/?expert=Christopher_Whitcomb
Know more about Debt consolidation loans
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