After three decades of war, Cambodian start a new face to face the world. In the mean time, everything is updating from time to time. And the rest of people from Khmer Rough, as well are growing and in this stage the educational service are also in great demand for the new generation.

Compared to the past time, now Cambodian government are strongly constricted to educational service and they know that the most principle course for one country to have glamor is to have high educated people. In this manner, the educational centers are developing from time to time.

As you can see, in Phnom Penh City which is the heart of Cambodia now has variety of educational Service and bulding like Panhasastra University, International University, IFL, Norton University, etc.,

Accordingly, all types of economy are as well invested from many other indurstrial countries to invest in this poor country.

I am one of the poor, I am so appreciated when my beloved country can have time to update.

With new developing country update to time, now Indian students are able to have loan debt for their MBA and Professional course from banks. This money loan are run to support their period of life in the study term.

With these new revolution, most Indians students have much high opportunity in the world social marketing like other previous modern countries.

As do other educational programmes, whether they are a professional or technical graduate degree, a liberal arts undergraduate degree, or a PhD in botany. A management degree at an IIM will cost just under Rs 1,000,000, but if you’re going abroad you can end up spending anywhere between £15,000 a year to $50,000 a year for an MBA or a similar masters.

Almost all nationalised banks offer educational loans to students for studies in India and abroad. Besides some private trusts are running study loan scheme, the terms and conditions of which vary from organisation to organisation. To garner students to avail educational loan nationalised and private banks have even started putting their posters in college campus and promote their schemes. This trend is catching on and one will see lot of students going in for educational loan once the awareness level increases.

With the boom in banking sector in the recent past, several banks offer education loans in India these days. Indian Bank is no exception and offer education loans to students interested to pursue education in India or abroad.

The details of schemes vary from bank to bank, but the umbrella loan scheme means that many features will be common. The amount of the loan, for instance, will usually be up to a maximum of Rs 750,000 for studies within India and Rs 15 lakh (Rs 1.5 million) for studies abroad. (Many banks, however, do offer more — at the State Bank, for instance, you can borrow up to Rs 20 lakh — Rs 2 million – if you’re going abroad and HSBC will give you Rs 25 lakh or Rs 2.5 million).

The requirements for the loan again, will only deviate minimally from state guidelines. According to the government scheme, to be eligible, a student needs to be an Indian national, already be in possession of an acceptance letter from his or her school, and in the case of Indian universities, have scored a minimum of 60 per cent in the entrance exam.

Most banks will adhere to this general guideline, but may ask for additional items such as an approved list of expenses from the school, income tax statements from the student and possibly the parents, and an account of assets and liabilities that they own or owe.

The interest rate will normally be level with the prime lending rate of the banks, if the loan is up to Rs 200,000, but be PLR plus 1 per cent over Rs 200,000. Security will only be needed if the loan amount is over Rs 200,000. (Most banks have moved this dividing point from Rs 200,000 up to Rs 400,000).

There may be additional caveats: some banks have an age limit, for instance the Oriental Bank of Commerce insists that you be under 45 years of age, and many (though not all, for instance at the Indian Overseas Bank, if you’re over the age of 18, there is no need to have a co-signer) will also insist that the parents or guardians be co-signers.

In terms of payback, most banks will give you the equated monthly instalments (EMI) option, slicing what could be a mammoth payback into easier-to-swallow monthly packages. Most banks will also give you time to start hunting around for a job before they expect you to start paying it back. The State Bank, for instance, expects you to start payments either from six months after getting a job, or one year after the completion of your course — whichever comes first.

All in all, the loan schemes banks are offering nowadays are a boon for students. Look out mostly for smaller banks though, for most large private players, such as ICICI, HDFC or Citibank (which has a very comprehensive student loan system in its branches abroad), do not have extensive educational schemes.

The University of Cambridge (CUS for Parkistan) 800th Anniversary Scholarship Programme

Has been created with funding from Cambridge Assessment, the parent organisation of University of Cambridge International Examinations, the awarding body that offers Cambridge O Levels and International A Levels.

The scholarships provide full funding, covering fees and means-tested maintenance, for undergraduate study at the University of Cambridge. As the programme develops there are expected to be up to fifteen undergraduate scholars from Pakistan studying at the University at any one time.

School-leavers from Pakistan who meet the usual examination qualifications for admission to Cambridge may apply for the scholarships.

Applications for the 2010 academic year must be received by 20 September 2009. Applicants for the scholarships will be interviewed in Pakistan in October/November 2009.


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Sallie Mae can help you better manage your debt and build a strong credit rating.
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Repay your loans and be debt savvy

Are you leaving school soon?

Know what you owe so you can manage it wisely.

Choose the right repayment plan for you and make your student loan payments manageable.

Pay electronically: Automatic debit and online billing make it easier to pay on time. They also save you money.

Cut costs by prepaying: Prepay your loan and save money.
Track your finances and credit rating

The ins and outs of your credit score: See the effects your score can have on your everyday life.

Understanding your credit score: See what's in your credit report.

Learn 10 rules of smart credit management

Keep your debt level low: Are you on a limited budget? Here are some ways to be debt savvy about your daily finances.

Are you having financial difficulties? Recognize the signs and take action early.

Be savvy with credit cards: Use them wisely

Credit scams: "Got credit problems?" You'll have more if you fall for these scams.

Two easy ways to protect your privacy (and keep telemarketers and credit offers at bay)

Guard against identity theft because if they get your ID, your credit rating might be next.

What should I do if my identity has been stolen? Take these three simple steps and limit the damage.

Bankruptcy and student loans: The laws have changed.




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This is an exciting time for you. It’s also a great time to build on your financial foundation. Learn how to improve your credit rating and become a better candidate for loans, leases, and jobs.
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Are you leaving school soon? It's time to attend exit counseling and pick a payment plan.

Choose the right repayment plan for you and make your monthly student loan payments manageable.

Know what you owe so you can manage it wisely

The ins and outs of your credit score: See the effects your score can have on your everyday life.

Learn 10 rules of smart credit management

Keep your debt level low: Many recent graduates are on limited budgets. Here are some ways to be debt savvy about your daily finances and debt.

Bankruptcy and student loans: The laws have changed.

Two easy ways to protect your privacy (and keep telemarketers and credit offers at bay).


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As you work toward your degree, consider some easy ways to be debt savvy, protect your credit, and successfully manage your loans.
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Being debt savvy in school can mean you will leave school in good financial health. Your credit rating will be better and you will be a better candidate for future loans, leases, and jobs.
Staying in school

Borrow wisely and live within your means.

Three debt savvy tips now that you are in school: Graduate on time, make payments now if you can, and keep track of your paperwork.

Keeping your debt level low: Most students live on a limited budget. Here are some ways to be debt savvy about your daily finances and debt.

Are you having financial difficulties? Recognize the signs and take action early.

Be debt savvy with credit cards: Use them wisely.

The ins and outs of your credit score: See the effects your score can have on your everyday life.
Taking out more loans?

Borrow only what you can afford: Calculate your debt-to-income ratio. (That's what lenders do.)

Using private loans to pay for school: After maximizing all free money and fully exploring federal loans, private student loans are another way to cover college costs.


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Congratulations! You are on your way toward a better future by investing a higher education. Smart borrowing will save you money and ensure you are financially prepared to take the next step.
Debt savvy ways to pay for college

Sallie Mae's 1-2-3 approach to paying for college: Cut through all the information and see the most cost-effective way to pay for school.

Use our Education Investment Planner: This free, interactive tool offers easy-to-follow guidance on paying for college based on your budget and financial goals. You can make plans for different schools and payment options. The Planner estimates and compares total education costs at over 5,500 colleges and graduate schools.

Borrow only what you can afford: Calculate your debt-to-income ratio. (That's what lenders do.)

Keep your debt level low: Most students are on limited budgets. Here are some ways to be debt savvy about your daily finances.

Using private loans to pay for school: After maximizing all free money and fully exploring federal loans, private student loans are another way to cover college costs.

It's never too late to start saving for school. Find out what 8 million members already know: Join Upromise and let your everyday spending help pay for school.

Be debt savvy


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Be debt savvy — learn responsible debt management practices, starting with your first student loan and lasting throughout your life.
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By building and maintaining a good credit rating, you will be well on your way to a solid financial footing.

Be debt savvy by understanding how to manage your expenses, protect your credit score, and borrow wisely. A few simple practices can jump-start your successful financial future.
Be debt savvy with your education money

* Before you borrow: What you need to know.
* While in school: Keep your finances under control.
* Preparing to graduate: Learn about your repayment options and stay on top of your finances.
* In repayment: Build and keep a strong credit rating.

Save money with Sallie Mae's be debt savvy resources

* Understand our 1-2-3 approach to paying for collegeSM
* Build a strong, positive credit history
* Be an educated borrower
* Learn about the best student loan repayment options for you
* Explore our FAQs about credit history and student loans
* See how some borrowers paid their loans off in full

Planning wisely


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Whether you started planning for college years ago or just recently, there are ways to make saving for, borrowing for, and affording school easier.

Saving for college with Upromise

Upromise makes it easy to save for college: Upromise members turn everyday spending into savings for education.

Upromise members save for college when they make eligible purchases of participating products and services from leading companies. They automatically save when they shop. It's safe and secure — there's no catch. They can even use their Upromise accounts to pay down their student loans!

smiling female student
Be debt savvy

Be debt savvy by understanding how to manage your expenses, protect your credit score, and borrow wisely. A few simple practices can jump-start your successful financial future.

Our be debt savvy resources are geared toward every stage of the education process — from when you begin planning for college and lasting throughout your life. See how you can become a more empowered borrower today.


school loans, college loans, federal student loan consolidation, college loan consolidation, private student loans, college credit debt

There are many ways to pay for college in addition to financial aid. Consider all your options, including savings plans, tax benefits, scholarships, and other opportunities.
Students
Got some time before college?

College is a major life expense — somewhere between purchasing a new car and buying a home — so be strategic and get creative when coming up with the money for college.

* Start saving now
* Reduce your tuition bill
* Explore student loans
* Find other ways to pay
* Learn about tax incentives

Finding free money

Grants and scholarships are attractive ways to pay for college because you do not need to repay the money.
Image of people
Grants and scholarships

Free money for college is available from a variety of sources and offered as scholarships and grants.

* Take advantage of federal grant money.
* Learn more about scholarships.

Other ways to pay

Do you have all the grants and scholarships you can get? Find other ways to pay.

Deciding on a school

You've been accepted, maybe even to more than one school. You now have a big decision to make. What are you going to do?

If you're ready to begin school right away, consider these questions:

* Were you accepted by more than one school? If you were, which one is your first choice?
* If you were accepted at just one school, are you prepared to attend that school?
* Can you and your family afford each school?
* Is the value of the education at a school worth its cost?

There's a lot to consider, and some items will weigh more heavily when making this decision. So, review your options before making the final decision.
More than money: What else is important to you?

Cost is certainly an important factor, but you shouldn't decide on money alone. A recent online poll on student college selections revealed that academic reputation, location, and proximity to home are more important than affordability.

Revisit the reasons that you applied to each school — academics, location, first impression, environment — before deciding.
Dollars and sense

Money is an issue for most students, so carefully study each financial aid award letter. Work with your parents on this: They may have a vested, or invested, interest in your decision.

Think about life after graduation when selecting a school and a major.

* How much is a degree from each school really worth?
* Where will you work?
* How much can you earn? Your school should be able to provide postgraduation job placement statistics.
* How much will the career you're considering pay? Research occupational outlook data at the Bureau of Labor Statistics.

Need more time?

Don't panic if attending school right away isn't the best choice for you. Not all high school graduates are ready for college.

Instead of jumping straight into a university setting, maybe you'd rather take some classes at a local community college. Or maybe the financial burden of enrolling now has you thinking that perhaps you'd be better off working and saving some money first.

The final decision is yours and yours alone.
Enrolling

Once you've made the decision to enroll, you need to:

* Formally accept the offer of admission.
* Follow the directions in the acceptance letter.
* Respond to the award letter by the deadline.
* Review instructions on housing, grants, scholarships, financial aid, orientation, etc.
* Read the letters carefully; you don't want to overlook any important details.

Congratulations! See you on campus!

Still stressing the cost?
If your award letter has left you short on financial aid for your education, learn about the many Ways to pay and investigate your options.

Applying to schools


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Many four-year colleges and universities receive more applications than they have spots available. This means competition can be tough, especially for the most desirable schools.
students
Assemble an impressive college application packet

* Understanding the admissions process
* What's important to schools
* Submitting your applications
* Making your selection

Now that you have an idea of what you want for yourself and what you want in a school, the next step is getting into the college of your choice.

It's not just private, name-brand, ivy-clad universities that are tough to get into. Some local state colleges have multiple applicants competing for one spot.

Your application packet should convince the admissions committee that they should accept you over someone else.

Myth: The best schools scoop up the top test scorers and valedictorians to fill their classes.

Reality: Many of the best schools turn away valedictorians and top test scorers. They want diverse student bodies made up of different kinds of students — athletes, community volunteers, student government leaders, artists, yearbook staffers, band members, debaters, and Future Farmers of America.

While grades and test scores are critical, what you do outside the classroom gives admissions committees a better idea of what you can contribute to the campus community.

Comparing schools


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Applying to the right schools involves finding the ones that work best for you. This means knowing who you are and where you want to be down the road.
Students
Plan and organize your school search

Learn about different types of institutions and determine what qualities you want.

* Identify your criteria
* Researching your school options
* Narrowing your "apply to" list
* Applying to schools

Got several schools already lined up?

Learn about scholarships and grants — free money to pay your tuition.

Preparing for school


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Know what you want to do after graduation? Where do you see yourself in five years? In 10 years? Getting there can mean getting ready now.
Female student planning

No matter your education or career goals, it's helpful to begin preparing early. Sometimes, depending on what you want to do, you may need to prepare as early as high school or junior high.
Need help catching up?

If you're worried you haven't given the matter any thought, it's not too late.

* Check out our financial aid and college planning calendar
* Assess your interests
* Explore occupations
* Get ready for college
* Take standardized tests

Are you the first in your family to go to college? We have resources and advice for you.
Do you already have a good idea of what you want?

Saving for school


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While a savings account pays interest, there are other ways to build your money with some added benefits — such as having it grow tax-free.
Students

Individual retirement accounts (IRAs), 529 plans, and prepaid tuition plans are savings options that often offer tax advantages.
Upromise

Upromise® is the nation's leading saving-for-college destination. Join for free and earn rewards through everyday spending. Use your rewards to help pay for college. Learn more about all the ways Upromise can help you pay for school.
529 plans

State-sponsored college savings plans are often called "529 plans," after the section of the IRS tax code that authorizes them. Each state determines the maximum amount your parents may contribute annually per child.
Prepaid tuition plans

If you plan to attend an in-state school, a prepaid tuition plan may be a good option. Carrying low risk and offering tax advantages, these programs let you lock in tuition at the current rate. Under this plan, your state promises the amount you set aside will buy the same amount of tuition at a state school in the future.
More information

The following saving-for-college plans are discussed in detail in Helping parents plan: Saving for college.

* Upromise
* 529 plans
* Coverdell Education Savings Accounts (ESAs)
* UGMAs and UTMAs
* Individual retirement accounts

Helping students plan

If you've decided on college or trade school or if you need to sort out the next few years, think your future through so you can make sound decisions.
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Take control of your future

Regardless of your career plans and ambitions, there are things you can do — academically and non-academically — to make yourself more attractive to employers, business partners, colleges and universities, military recruiters, or technical schools.

* Saving for school
* Preparing for school
* Comparing schools
* Finding free money
* Finding ways to pay

Finding a student loan

Sallie Mae, the nation's leading provider of student loans, can help you find just the right student loans to help you pay for school.


Find the right combination of low interest student loans to help you achieve your education dreams.

Select a category to find student loans right for you:

* Student loans for undergrads
* Student loans for parents
* Student loans for graduates
* Student loans for training
* Loans for international students

Student loans have made higher education possible for millions of students. Consider your options carefully before borrowing and borrow only the amount you need.

You've applied for the loan, it's been approved, and you've signed the promissory note. What’s next?
Student applying
Where is the money?

Federal student loan money doesn’t come directly to you. Rather, the proceeds are sent to the school, either by check or electronic funds transfer.

If you get a private student loan, the check might be sent to you. Ask your lender.

Then the school applies the funds to the outstanding balance on your school account, which typically includes your bill for tuition, fees, room, board, and other school charges.

Once those costs are paid, you'll receive any remaining proceeds to cover other education-related expenses.
When is the money sent?

Federal funds will not be disbursed until you enroll and, even then, the money will not arrive all at once. Lenders send money in installments — called disbursements — based on academic periods.

Private student loan funds are often sent as soon as your loan is approved.

The timing of disbursements will vary from school to school and by loan program. Under most federal student loan programs, loan proceeds to first-year undergraduates who are also first-time borrowers can't be disbursed by lenders or credited to student accounts until 30 days after enrollment.

Check with your financial aid office to learn your school's policy so you're not surprised.
Do I need to do anything?

You need to keep your grades up and attend classes. Federal law requires schools to establish standards of satisfactory academic progress (SAP) for students receiving federal financial aid.

To keep your loan disbursements coming, your financial aid office verifies that you have met the school's requirements.

This process is called certification. If your school cannot certify that you are enrolled at least half time and are making satisfactory academic progress, you cannot receive federal funds.

Sallie Mae, the nation's leader in education finance, offers the right combination of student loan options to meet your education financing needs — all in one place.
Student
Complete your student loan application online

When it's time to get a student loan, apply online with Sallie Mae. Our online application process is easy, fast, secure, and the fastest way for you to receive your money. You can even check your loan status and make payments when you register online with Sallie Mae.

Our online loan application takes approximately 15 minutes to complete. You can apply any time, day or night, apply with a cosigner, and e-sign your application — all during the same session.
What you need to complete the application

Before you begin, please have the following information ready. It will help you complete the online application quickly.

* Name and state of the school you are attending.
* Your Social Security number and date of birth.
* Resident Alien Card if you are a non-citizen permanent resident or foreign student.
* Names and phone numbers of two personal references.
* Name and email addres

The financial aid award letter tells you how much financial support the school can give you for the coming year.
Image of student on the computer

You will receive a financial aid award letter from all schools where you have been accepted and from which you requested financial aid.
How to read award letters

Award letters tell you exactly how much financial support the school is able to provide for the upcoming year. The most common sources are:

* Grants: Money that does not have to be repaid and includes the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), institutional grants, and state-sponsored grants.
* Work-Study: Money earned by working, either on campus (for the school) or off campus (for a private nonprofit organization or public agency).
* Scholarships: Money that does not have to be repaid. Any scholarships you informed the school about, as well as those the school is offering, will be included on your award letter.
* Student loans: Money that must be repaid and may include the Federal Stafford (subsidized and unsubsidized), Federal PLUS, Federal Perkins, state loan programs, and private student loans.

How awards are determined

In general, the school computes the award based on the information you provided in the Free Application for Federal Student Aid (FAFSA). As you may recall, after you submitted the FAFSA, the U.S. Department of Education sent you a Student Aid Report (SAR). The SAR, in turn, showed an amount called the Expected Family Contribution (EFC).

The school subtracts the EFC from the cost of attendance (tuition, room and board, textbooks, transportation, and personal expenses) to determine financial need and the amount of your award. The amount of aid awarded by the school cannot exceed your financial need.

Some of the factors schools consider when awarding financial aid include:

* Cost of attendance
* Family income
* Family size
* Number of family members in college or graduate school
* Family assets
* Scholarships or grants not received through the school
* Major field of interest
* Athletic abilities

Analyzing your award letter

To evaluate the financial aid offer, consider both the aid package and what the college costs. It's quite possible that the most expensive school on your list might not cost you the most, depending on the package awarded by each school.

Our Online Award Analyzer can help you compare the financial aid award letters you receive. With this tool, you can:

* Compare award information from each school.
* Determine if the financial aid award and your savings are enough to cover the cost of attendance.
* Analyze options for borrowing additional money when savings are not enough to cover the cost.
* Estimate monthly payments associated with borrowing different loan amounts to get a better understand if you can afford a school.
* View different financing scenarios to find the right solution.

What to do if it's not enough

You have reviewed the award letter and are concerned that savings and the award are not enough to cover all education expenses.

Consider these funding options that may enable you to attend your top choice school.

* Use Sallie Mae's free scholarship search.
* Consider benefits from your parents' employers.
* Investigate tuition payment plans.
* Verify that any special circumstances were considered.

There are loan options beyond those listed on the award letter. Parents may qualify to borrow up to the total cost of your education minus any aid received through the Federal Parent PLUS loan. In addition, private student loans are also available.
Accepting your award

Note the cut-off date for responding to the financial award letter. If you miss this deadline, your award could be in jeopardy.

As soon as you decide which college to attend, let the admissions and financial aid offices at your schools know.

Your SAR summarizes the data from your FAFSA and indicates your official Expected Family Contribution.
Student

You'll receive one of the following within a few days (if you filed your FAFSA electronically) to four weeks (if you mailed a paper FAFSA):

* Student Aid Report (SAR), if you applied using the paper FAFSA and did not provide a valid email address; or
* SAR Information Acknowledgment, if you applied using FAFSA on the Web but did not provide a valid email address; or
* An email with a secure link to access your SAR online, if you provided a valid email address when you applied.

Review your SAR carefully

After receiving your SAR, carefully check it for mistakes. Compare the information listed on the SAR to a copy of your FAFSA, since the Estimated Family Contribution (EFC) listed on your SAR will determine the amount of aid you will receive.

If you believe your information is incorrect, you can fix any mistakes by writing the correct answers on the Information Review Form that is on the back of the SAR. When the Information Review Form is complete, you can:

* Contact your financial aid office to see if the school can send the corrections electronically, or
* Mail the form to the address shown on the SAR.

Selected for verification?

If your report has been selected for verification, it usually means that you need to provide supporting documentation for the information on your FAFSA. Instructions on the SAR explain how to do this.

For additional information, contact the Federal Student Aid Information Center at (800) 4-FED-AID (800-433-3243).


school loans, college loans, federal student loan consolidation, college loan consolidation, private student loans, college credit debt

No matter how much your family earns and how substantial your assets, you qualify for an unsubsidized Federal Stafford Loan.
Image of a student on computer

The many benefits of the federal Stafford loan program, including attractive interest rates and deferred payments, are yours for the asking.

Your first step in applying for a federal student loan is to understand what’s involved. This section walks you through the process.
Applying for financial aid

Completing and submitting the Free Application for Federal Student Aid (FAFSA) is your starting point for applying to most student financial aid programs.
Understanding your expected contribution

Based on the information you provide on your FAFSA, the government estimates how much your family can afford to spend on college costs, known as the Expected Family Contribution (EFC).
Reviewing your Student Aid Report (SAR)

The government sends you a SAR, summarizing the information you provided on the FAFSA and indicating your EFC.
Evaluating your award letters

If you've applied for financial aid at the schools where you've been accepted, you will find out how much financial support the school is offering by an award letter.
Completing your loan application

The FAFSA begins the federal financial aid process. If your award letter includes a Stafford loan, you need to complete the application process.
Receiving the loan proceeds

You've applied for the loan, it's been approved, and you've signed the promissory note. Find out when the loan proceeds are sent to your school.

Federal Student Loans


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If you need to borrow money for college, federal student loans can be the answer. There are different types of government student loans available, mostly based on financial need. Federal student loans are the best choice once you have exhausted free money options, like scholarships and grants.
Perkins Loan

The Federal Perkins Loan is a low-interest loan for both undergraduate and graduate students with financial need. The loan is provided with government funds, with a share contributed by the school. You must repay this loan to your school. Your school’s financial aid office lets you know if you qualify after you complete the FAFSA.
Stafford Loan

The Stafford Loan is the most widely used, low-cost education loan sponsored by the U.S. government. No lender can charge you higher than 6.8% on a new Stafford Loan.

The amount of money you can borrow under the Stafford Loan program is based on your academic level1.

* $5,500 Freshman
* $6,500 Sophomore
* $7,500 Junior, Senior and 5th year undergraduate students

Remember that your federal student loans can be subsidized or unsubsidized. Subsidized federal student loans do not accrue interest while you are in school at least half-time, while unsubsidized federal student loans do.
PLUS Loans for Parents and Graduate Students

If you are a parent of a child who is under the age of 24, unmarried and a dependent, undergraduate student, then you can apply for a federal parent loan called the PLUS Loan. A PLUS Loan can cover your child’s full cost of attendance, minus any other financial aid that your child has already received. The interest on a PLUS Loan is fixed at 8.5% for most loans.2

Graduate students can take out a PLUS Loan for themselves. If you are a grad student you, too, can borrow enough to cover your cost of attendance. The interest on a PLUS Loan is also fixed at 8.5% for you too.

PLUS Loans for parents and grad students require a credit check. There are also additional fees charged by the government and the guarantor.


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Parent loans? Retirement funds? Savings? You want to help your child pay for college – what’s the best way?

There are many options for you to help your child pay for college, from payment plans to parent student loans. Which is best for you?
Option Advantages Disadvantages Good Idea?
Savings

* Cheaper than borrowing money



* A great way to pay for college if you were able to save money and raise kids!

Yes!
Credit Cards or cash advance

* Easiest



* Most expensive choice you can make
* Interest charges typically compounded monthly.
* Your growing balance can become extremely difficult to pay off and can damage your credit

No!
401(k) withdrawal Or Pension Fund withdrawal

* You are borrowing from yourself



* Withdrawals are taxed
* You lose valuable compounding – the key to growing your retirement money
* Can severely reduce the amount of money you have at retirement
* With your help, your child can find ways to borrow for college – who will lend you money to retire?

No!
Home Equity

* Small impact on the monthly budget



* Equity may not be available in this economy
* Closing costs are high
* Risk foreclosure to pay for college. What happens if a financial emergency comes up and you can't afford the payments? You lose your house!

No!
PLUS Loan (Parent student loans)

* Can borrow up to the full cost of your child’s attendance
* For new parent loans, no payments due until after your child graduates or drops below half-time enrollment
* Fixed interest rate of 8.5%



* Parent loans are always in your name, not your child's
* You are responsible for paying back the loan, not your child
* Must complete the FAFSA to apply
* Credit check required, although more lenient than typical consumer loans
* For old parent loans, payments due six months after final disbursement (in the spring of a traditional academic year)1
* 3% origination fee set by the U.S. government
* Up to a 1% Federal Default Fee, may be assessed by the guarantor
* Student must be under the age of 24, unmarried, an undergraduate and financially dependent

Yes!
Co-sign or co-borrow a private loan

* Easy, fast, convenient
* Instant preapprovals - Apply now
* No payments due until after your child graduates or drops below half-time enrollment
* Can borrow up to the full cost of your child’s attendance
* Apply to have your name removed from the loan after 24 months of consecutive, on-time payments



* Interest rates are variable based on credit, so rates and fees may be better for a PLUS Loan

Yes!
Ready for a private loan?
If you are ready for a private student loan, try College Loan Corporation's CLC® Premier Loan:

Our award-winning service saves you time and hassles

* Prequalify in minutes – apply now!
* Help from experts available
* 90% of calls answered by experts in less than 30 seconds – no phone mazes, long waits on hold, or entering of data through the phone
* One Call Promise® eliminates phone tag and resolves matters quickly
* Borrow up to your child's full cost of attendance, minus any other financial aid that they received

Our ethical lending practices save you money

* CLC is the winner of the Better Business Bureau's 2006 Torch Award for Marketplace Ethics
* No payments until six months after graduation or dropping below half-time enrollment
* Interest rates as low as prime2
* Origination fees as low as 0%2
* Two interest rate benefits that can save you hundreds over the life of your loan!3
o 0.50% interest rate reduction if you choose to make interest payments while in school
o 0.25% additional interest rate reduction for enrolling in automatic payments through ACH once your payments begin
* We capitalize interest only upon entering repayment. This limited capitalization helps reduce the amount of money your child will owe when they finish school.
* Late Payment Flexibility – CLC does not consider a student's payment late unless it is received more than 15 days after the due date – easy on your credit!
* Flexible Repayment Terms – CLC extends the length of time your child can pay back a loan based on the amount of money that they borrow. This helps keep loan payments affordable while giving your child the flexibility to pay more if they can afford it.
* Payment forbearance options available to assist with temporary repayment difficulties
* We've helped over 800,000 families find student and parent college loans!

1/ These are new terms that may not be in effect for older loans.

2/ Specific terms and conditions apply. Interest Rates and Annual Percentage Rates (APRs), and benefits are effective as of the date of publishing and are subject to change at any time without notice. CLC reserves the right to modify or discontinue loan benefits, lending policies and requirements at any time without notice. Rates and fees are determined by, and commensurate with, an evaluation of the borrower's/co-borrower's creditworthiness. Loan amounts are determined by (1) evaluating the borrower's/co-borrower's creditworthiness and (2) school certification of the required loan amount: the lesser amount takes precedence. Applicants are encouraged to utilize a qualified co-borrower to receive better loan terms.

3/ All loan payments, as applicable, must be made on time to be eligible for these benefits. To receive the interest rate reduction for automatic payments, the borrower must enroll in automatic payments through ACH and remain current. Borrowers who cancel ACH can re-enroll at any time and return to the benefit as long as all loan payments have been made on time. The 0.50% interest rate reduction for borrowers who choose to make interest payments while in school or grace remains in effect as long as the borrower makes all interest payments within 60 days of billing. If no payment is made within 60 days of billing, the 0.50% interest rate reduction is lost. We reserve the right to modify, extend or discontinue these benefits at any time without notice. Borrower benefits will terminate in the event of default or failure to meet qualification criteria. Additional terms and conditions apply; please contact us for details.

Need money for school but have no idea where to begin?

school loans, college loans, federal student loan consolidation, college loan consolidation, private student loans, college credit debt

College student loans aren't the only way to pay for school. To save the most money over your lifetime, here's how you should look for money for college:

1. Look for Scholarships and Grants before taking out college student loans
2. Apply for federal aid by completing the FAFSA
* It's a FREE U.S. government website, so beware of sites that charge you to apply!
3. Apply for aid through your state government
4. Use your federal and state grants
* You'll know if you're eligible after you complete the FAFSA and your state's paperwork
5. Use your savings
6. Use work-study money or work a little through school
* It's easy to get distracted by work - find the right balance for studying
* A college degree can earn you an additional million dollars over your lifetime – make sure you don't lose track of your goals!
7. Borrow Federal Loans for students. The most common federal student loan is the Stafford Loan.
* Graduates students should also apply for a Grad PLUS Loan
8. Ask your parents to borrow a PLUS Loan for you
9. Private college student loans

What's a private loan?

Private loans, also called "alternative student loans" or "private college loans," are one great way to pay for college. A private college loan is not backed by the federal government, so it's more like a traditional consumer loan. There's less paperwork and it's faster to apply and to get your money to your school, but the rates and terms on federal loans are likely to save you more money over your lifetime. Remember to maximize your federal college student loans before considering a private college loan. Also, with a private college loan, you will probably need a co-borrower who is willing to sign for the loan with you, if you aren't working or don't have much experience with credit so you have a limited credit history.
Why a private loan?

If you need to borrow money, federal student loans are a great deal. The problem: with loan amounts tied to your year in school, most times they don't let you borrow to cover your cost of attendance. The typical undergraduate student is eligible for:

* $5,500 Freshman
* $6,500 Sophomore
* $7,500 Junior, Senior and 5th year undergraduate students

So, if still need money for school, that's where a private student loan can help!
Why the CLC® Premier Loan?

It's fast and easy to apply for College Loan Corporation's CLC Premier Loan:

* Prequalify instantly
* Borrow up to your full cost of attendance, minus any other financial aid that you've already received
* No payments required until six months after graduation or dropping below half-time enrollment
* Help from experts available
* Winner of the Better Business Bureau's 2006 Torch Award for Marketplace Ethics


school loans, college loans, federal student loan consolidation, college loan consolidation, private student loans, college credit debt

Federal student aid is available to families from all walks of life and different levels of income.
Image of a woman on a computer

It's a common mistake to think that student financial aid is available only to low-income families.

In reality, certain programs, such as the unsubsidized Federal Stafford Loan, offer below-market rates and deferred repayment to almost anyone.

All you have to do is apply.
Determining your eligibility for financial aid

Virtually everyone qualifies for federal student aid of some type. Still, some basic restrictions apply.
Identifying your dependency status

Information required by the government differs according to whether you are a dependent or independent student.
Submitting a Free Application for Federal Student Aid (FAFSA)

Find out when and how to complete the FAFSA, including your online options.
Completing the CSS/PROFILE®

The CSS/PROFILE is required by many private colleges, universities, graduate and professional schools, and scholarship programs to determine eligibility for non-federal financial aid.

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