Debt Consolidation Credit Counseling In Phoenix

For people who plan to attend college, there is so much more stress involved than just simply getting accepted to the college of your choice. Once accepted, you now have to figure out a way to pay for it. If you aren't one of the rare few who have money stashed away for college, more than likely, you will need the assistance of a student loan.

If you plan to apply for a private student loan, the question is no longer how will I pay for school, but how do I find private student loans. Every college institution has a financial aid department or at least a counselor who might be your best source of information. They will probably know about the rates and types of private loans offered from the lending institutions nearby.

Your financial aid office might also be able to help you get some information on a Federal Family Education Loan. While these loans are private loans offered by outside lenders, they are government guaranteed loans which means that the government is backing the loan. This usually means that the interest rates and fees associated with the loan will be a lot lower than a different private loan.

Since the government guarantees the loan, this typically means lower interest rates and fees. This is a good thing since it can help save you money in the short and long run. Since not all private lenders offer the Federal Family Education Loan, you may need to do a little research to find the places that do.

Another place that always seems to have a wealth of information is the internet. Unfortunately though, you can't believe everything you read on the internet so this will require you to double-check the info you get online.

There are always a few scams out there and more often than not, there are plenty of companies wanting to earn as much money as possible on the loans they issue.

If you have a bank you've been with for a while, you might want to check with them first to see if you can get a better interest rate because you have a standing relationship with them. They have personal experience with your banking history so they might be more willing to offer a good rate if the relationship has been good.

If you want to go to college, it is going to take sacrifice and money. You will have to do the sacrificing, but a private student loan might be able to help you take care of the money part.