Tuesday, May 24, 2011

Funds for higher education

Are you in need of quick finance for your higher studies? Do you have a poor credit record? If yes, you must go for loans for students with bad credit. These loans have been specially designed for the students who want to pursue higher studies in a good college. You can fulfill your career related dreams through these loans. Whether you want to pay your tuition fee, hostel accommodation or want to purchase books, these loans are the best option for you.

As the name suggests loans for students with bad credit are also approved to the poor credit holders. The bad credit scores like arrears, defaults, bankruptcy or late payments will not create any hurdle in availing these loans. There is no procedure of credit check. These loans are provided to you for the amount ranging from 1000 pounds to 25000 pounds for the repayment period of 1 to 10 years. This means, when you will get a job, you can pay back the loan with your salary.

Loans for students are collateral-free. The lenders do not ask you to pledge your valuable items as a collateral security against the loan amount. The lenders charge a high rate of interest because of its unsecured nature. Therefore, it is advised to you to utilize the loan amount wisely.

There are many lenders over the web who are dealing with these loans. You just need to choose the lender who is a genuine one and charges the lowest rate of interest. After the selection of the lender of your choice, you are required filling up an online application form containing your personal details and submit it online. If the online lender is satisfied after the verification process, he will transfer the loan amount into your bank account within 24 hours. www.studentloansfinance.co.uk

Author name: Norwick Kerry
Article source: http://www.studentloansfinance.co.uk/

Wednesday, May 18, 2011

Get money for higher education

Having a good career is every student’s dream. To fulfil such dreams, it costs a lot, as today’s education is very expensive. Keeping in mind such things, the lending companies of UK have specially designed Loans For Students. With the help of these loans, every student can make a bright future. These loans provide you ample amount of money for your higher education. These loans are capable of meeting the expenses like hostel charges, tuition fee, food, travelling expenses, and so on.

Loans for student are availed to you in two forms, secured and unsecured form. With secured form, you can get huge amount of money for the amount ranging from 10000 pounds to 75000 pounds. The repayment period of these loans is of 1 to 25 years. To avail these loans, you are required pledging a collateral security against the loan amount. On the contrary, unsecured form is collateral-free. There is no need placing any expensive item against the loan amount. Through these loans, you can borrow the amount ranging from 1000 pounds to 25000 pounds. The repayment period of these loans is of 1 to 10 years. The lenders charge high rate of interest on unsecured form with comparison to the secured form because of absence of collateral.

Student loans finance are widely available over the web. All you need is to fill an online application form providing mandatory information about the borrower like name, age, gender, bank account number, contact information, etc. and submit it online. The online lender will verify the details and if satisfied, he will wire the requested loan amount into your bank account within 24 hours.

These loans are also available for the poor creditors. It does not matter to the lender whether you are holding arrears, defaults or bankruptcy. There are absolutely no credit checks. www.studentloansfinance.co.uk

Author name: Norwick Kerry

Article source: http://www.studentloansfinance.co.uk/

Thursday, May 5, 2011

Student Loans, Financial Aid Both Rise in 2009-10

According to a new report from the College Board, loans and other types of college financial aid is increased for the 2009-10 academic year, although this increase in student aid was outweighed by the costs of schools, which have increased about 6 per cent.

The College Board, in its annual report "Trends in Student Aid" report estimates that a total of 154.5 billion in student aid was distributed in 2009-10. Subsidies now account for about 50 percent of student financial aid from all sources, both federal and private.

In 2009-10, the average financial aid package for college student loans finance was almost $ 11 500. This figure includes more than $ 6,000 in scholarships and over $ 4,800 in loans guaranteed by the federal state. Graduate students have received financial assistance from a bit 'more, on average, in the form of grants - nearly $ 6400 - but also borrowed more. Graduate students have an average of $ 15 700 more in loans for higher education.

Grants

Compared with the figures for financial aid students for 2008-09, grant aid for college students increased by 22 percent, while federal loans has increased by 9 percent. For the 2009-10 academic year also saw an increase of 16 percent of the average federal Pell Grant award to $ 3,656, the largest increase from one year in the history of the program. Only about one quarter of all recipients of Pell Grants, however, qualified for the maximum grant of $ 5,350.

Student Loans

private student loans - student loans issued by private banks rather than the federal government - represented about 8 percent of all loans in 2009-10, down from 25 percent in 2006 - 07.

Federal Stafford loans to students made up about 35 percent of all loans in 2009-10, an increase of 31 per cent in 2006-07. Unsubsidized federal Stafford student loans represented 42 percent of federal student loans for student combined and taken private in 2009-10, an increase of nearly 12 percent in 2006 to 07.

Subsidized Stafford loans, which are available only to students who demonstrate financial need, student loans are guaranteed by the Government on which the government pays interest while the student is in school or in a grace period for payment were approved. Unsubsidized Stafford loans are available to students regardless of financial need. Although students on a subsidized loan may defer payment of a loan unsubsidized federal student while at school or in other cases provided, the student, not government, will be responsible for paying all interest on subsidized loans during these periods of deferment.

According to the College Board, about 65 percent of all university students in 2009-10 did not accept Stafford loans of any kind. The majority of students who agreed to take over Stafford college loans and subsidized loans and unsubsidized. The average student loan debt Stafford in 2009-10 was $ 6,550. www.studentloansfinance.co.uk