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Is it better to have federal loans for college or loans from your bank?
Wiki User
∙ 12y ago
Federal loans are often easer to qualify for and the interest rates are usually lower than the loans from your bank. Banks usually require a higher credit score than do federal loan programs.
Wiki User
∙ 12y ago
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How do you apply for federal loans for college?
Federal loans for college are available in a paper or electronic format. There are best applied for, in the semester prior to school attendance. One can set federal loans via a bank as well.
Privately owned comapnies generally offer better stufdent loans than the federal government?
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.
Is there an online application for federal student loans?
There is an online application for federal student loans. They can be found on any bank's website depending on what bank your money is currently being held in.
Where is it possible to get federal direct loans?
It is possible to get federal direct loans at banks and institutions which offer them. Citizen's Bank is one of the banks at which one can get these direct loans, but there are many others.
How does one qualify for a Bank of America student loan?
Currently, Bank of America no longer offers federal student loans.
How do you apply for federal loans for college?
Federal loans for college are available in a paper or electronic format. There are best applied for, in the semester prior to school attendance. One can set federal loans via a bank as well.
Privately owned comapnies generally offer better stufdent loans than the federal government?
In the USA, all Federally Guaranteed student loans have the same interest rate and same benefits. It does not matter if you get the loans from a private bank or directly from the government. Private student loans differ in interest rate and benefits for each bank. Federal Student loans have lower interest rates and better benefits than private student loans.
Is there an online application for federal student loans?
There is an online application for federal student loans. They can be found on any bank's website depending on what bank your money is currently being held in.
Where is it possible to get federal direct loans?
It is possible to get federal direct loans at banks and institutions which offer them. Citizen's Bank is one of the banks at which one can get these direct loans, but there are many others.
Does Bank of America offer college loans?
They are not currently offering a loan that is specifially for college purposes. You can get a personal loan if you wish, but it will not be the same as other college loans.
What company provides direct student loans?
There are only a few companies that provide direct student loans. You can go to a bank and get student loans from there, or you can get Federal Loans from your school.
Where can you get the best loans for college?
Some of the best loans you can get for college are from banks. More importantly Bank of America gives out a lot of student loans. Also, it would be a good idea to get a federal loan, it's just that the interest rates are higher but they are readily available.
Does Suncorp Bank give out scholarships and college loans?
Suncorp Bank does give out scholarships and college loans. BNET is a great business resource to use in looking up product information and services. This site will offer information on Suncorp Bank.
How does one qualify for a Bank of America student loan?
Currently, Bank of America no longer offers federal student loans.
What institutions in New York offer loans for college students?
Institutions in New York that offer loans for college students include Sallie Mae, and Wells Fargo. Other institutions that offer loans for college students include Citizen Bank and CU Student Loans.
How do you get a private student loan?
Many banking institutions now offer student loans at rates that are competitive to former federal loan programs. Two banks that come to mind are Discover Bank, and Chase Bank. Both have programs that offer loans to college students. These programs need not be repaid while the student is still attending school, and the funds are paid directly to the college.
Where can I find information about private education loans?
Private Education loans can be given to you by your local band or even at college. Please ask your bank or go to the college desired. Private loans might have a higher apr.
