Tuesday, January 06, 2009

Private student loans

There's so much that goes on in the whole US education system that it's almost impossible for one person to learn it all. Even with just a simple subject like student loans there's always something new to learn. There are Pell Grants for example, plus a myriad of other federal and state schemes to make it easier to get student loans so that you can go to college, get the training you need.

But over and above this governmental system there's a whole series of private student loans. I know, it sounds odd, why would a profit making company be willing to lend to you at rates that match or are, for other reasons, better than those on offer from the government? Well, the why is a little difficult to explain, but they are indeed out there. If you want to know more about private student loans why not click through that link?

The biggest advantage to these loans is that they're not limited. Maybe your family's income means you can't get enough to cover all your bills from the government system: but you're also not getting the money from your family? Well, that's at least one use for the private loans, they can be used to fill that gap.

Why not check it out?

1 comment:

James Higham said...

What would worry me is that any sort of loan = debt and unlimited is a worry.