Articles & News About Getting Cash Loans

Students Should Consider Grad PLUS and PLUS Loans During Student Loan Application Process

Helena, MT (PRWeb) March 6, 2007 -- As winter semester winds down and college students plan for summer jobs and continued classes, another group of students is just completing the FAFSA and other financial aid applications for Fall 2007 student loans. Two types of loans students should consider during the application process are the PLUS and Graduate PLUS loans. These are federal student loans offered to undergraduate and graduate students that can bridge the gap to funding postsecondary education.

Student Assistance Foundation, a nonprofit nationwide lender, offers PLUS and Grad PLUS loans at the standard 8.50 percent. However, once the borrower qualifies for the company's wide range of benefits, he or she can ultimately pay less.

PLUS, which stands for Parent Loans for Undergraduate Students, are to be handled and paid for by the parents of dependent undergraduate students. PLUS loans -- which require no adverse credit history -- can finance up to 100 percent of undergraduate education costs, including tuition, books, school supplies and living expenses, but are often accessed after scholarships and other federal loans or grants are exhausted.

Borrowers can be rewarded with a 0.25 percent interest rate reduction for consistent, automatic payments, lowering it to 8.25 percent for the life of the loan. Through Student Assistance Foundation there are no restrictions, no collateral requirements and no prepayment penalties. Parents have flexible repayment options and can manage everything online through their own account.

PLUS loan repayment begins within 60 days of the loan being fully disbursed for the academic year. While these loans are eligible for deferments and forbearances, they are unsubsidized. This means that the borrower is responsible for the interest that accrues during the deferment period.

In addition, while PLUS loans are eligible for consolidation, it is important to note that a parent cannot consolidate his or her PLUS loan with the student's loans.

Students planning for graduate or professional school can apply for Graduate PLUS loans, only available since July 2006. The terms and conditions associated with regular PLUS loans apply to Graduate PLUS loans, with a few additional benefits. Three percent of the loan can be returned to a student after 12 consecutive, on-time payments. Upon full disbursement of loan, a 0.75 percent interest rate reduction can be applied. An additional 0.50 percent interest rate reduction is applied for using automated payment processing. In-school deferments are available to postpone repayment until after graduation.

These are unsubsidized loans, which means interest is the borrower's responsibility and begins to accrue as soon as the first disbursement is made. For that reason, borrowers are encouraged to make interest payments while in school. In addition, grace periods don't apply, and borrowers begin repayment after dropping below half-time status, leaving school or graduating.

For more information on PLUS and Grad PLUS loans for the Fall 2007 semester, visit www.safservices.org or call 800-852-2761 x 9750.

About Student Assistant Foundation
Student Assistance Foundation is a Montana-based, nonprofit organization that provides students and families nationwide with the knowledge and tools to finance and pursue post-secondary education. Student Assistance Foundation offers a wide range of programs including grants, community outreach, student loan consolidation, counseling and training on education finance planning.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

Use A Low Interest Credit Card And Save
Learn How to Succeed at the Balance Transfer Game

3 Ways To Finance Your Business Without Credit Cards
If you're in a cash crunch and need to find some financing for your company here are three ways you may have overlooked 1

American Home Bank Announces American SystemBuilt Mortgage
"American SystemBuilt Mortgage is ideal for home manufacturers who want to participate in a joint venture arrangement or for those manufacturers, builders or dealers who are simply looking to work with a lender who specializes in the systemsbuilt construction process," commented Paul Fazzini, Senior Vice President of Joint Venture Development. www.americansystembuiltmortgage.com provides information and details.

Will credit card bills really hurt my life
The gloomy reality here in the United States is that the majority of our nation is stuck in debt one way or another. The data shows that in the year 2008 the common family had ten thousand in bills owed to credit cards The reason this state of affairs is so unwarming is because a large number of debtors only pay minimum payments. The marriage between monthly minimums and soaring interest is where consumers soar into financial difficulty. The debt treadmill is what this spot is often called. When stuck in this situation a debtor can expect to be there for thirty years or more and put out tens of thousands in interest during the process. I would like to briefly review in the rest of this article on what some benefits are to being free from th...

Be A Star with the Starwood Preferred Guest Credit Card
The Starwood Preferred Guest Credit Card series from American Express is simply one of the best travel rewards cards on the market today. With both personal use and business accounts, it is sure to meet both your credit card and travel needs in the years to come.

PineApp Ltd. Acquires a $2mm Credit Facility from Plenus Venture Lending
Plenus, the leading Venture Lending Fund in Israel providing credit facilities to high-tech companies, granted a $2mm Credit Facility to PineApp Ltd., a leader in securing networks and email systems that offers comprehensive appliance solutions for organizations of various scales.

Home Refinance Popular When Mortgage Interest Rates Drop, According to ChristiaNet Poll
Home refinance such as home loan refinancing, mortgage interest rates, equity loans, bad credit lenders and debt consolidations are some of the home refinance related articles at http://www.christianet.com/homerefinance/.

Best Rates for Student Loan Consolidation!!
Student loan consolidation interest rates are very competitive and vary considerably from lender to lender. Loans for student consolidations can be obtained from the government, and also through private lenders. There are quite a few choices when it comes to picking your lender and type of consolidation loan, so it definitely pays to shop around.

Finding the Best Home Improvement Loan Rate
If you're looking for a good home improvement loan rate, you might have to take your time and shop around a little bit.The home improvement loan rate that you get can depend on several factors.

Home Loans and Poor Credit
One of the vital things that you have to establish is your credit history. Everybody is aware of that; but then, not everyone has it. If you have a bad credit, it is not easy to meet the qualifications for a home loan or even obtain a job. That's how fundamental your credit standing is. But then, when you find yourself currently in that situation, there is always a way out. If you are seeking for a home but you lack adequate cash and your credit is not that nice, there's absolutely a choice known as no money down home loans, where a down payment would not be needed. In a no-money-down home mortgage, you would merely be asked for a down payment of five percent or lower as opposed to the usual down payments of up to twenty percent. This is in...

The Golden Benefits Of Cash Advance Including ?no Credit Checks?
Let us look at some of the benefits of cash advance which makes it such a good way out of a sticky cash situation. One big advantage of cash advance is that you get the loan very quickly, almost less than a week and some companies give the loan as quickly as under 24 hours. Cash advance companies are all about speed; they want you to receive your money quickly; and they want to receive their repayments quickly.

Home Equity Lines of Credit - the Basics
A Home equity line of credit is a loan which is similar to a credit card. These often have a very low interest rate (In most cases even lower than home equity loans).

Cash In Your Blog - 4 Ways to Profit From The Hidden Revenue In Your Blog
Most webmasters and online business owners know that a blog can bring you additional revenue from advertising, and more traffic from search engines. Then there's the additional benefit of having a great way to spark productive dialogue between you and your prospects.

How to Raise a Bad Credit Score
We all need to know how to raise a bad credit score. Unless your credit score is at a perfect 850, then there is some room for improvement. Most people do not understand that are many ways to be proactive and raise their credit scores. It's not about just sitting back and hoping for the best. You can do more than just not messing up; you can actually follow these tips to raise your credit score.