Friday, August 24, 2007

financialaid - stafford college loan , One stop site for student loans and related information.

A few months ago, I saw in the TV that a poor girl in the United States was granted $10000 by a rich kind and generous lady so that she can complete her graduation. The poor girl had been working hard as a waitress in some fast food joint. The poor girl’s dream of going for a college degree could be fulfilled out of sheer luck. But this may not happen with others in need. People mean business nowadays. Helping a poor girl in need may also mean the considerable cost that may be asked from her!

For helping these poor students and others who need money to pursue undergraduate, graduate courses from some recognized university, Financial Aid.com has brought the facility of direct stafford loan. The expert loan counselors of the site will enable you to obtain the right loans with the right rates and repayment terms.

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Of the many options available, the stafford college loan caught my immediate attention. It is guaranteed by the Government and available with low rates and deferred payment options. This loan is again categorized as Subsidized and Unsubsidized. In the former type, the Government will pay your interest until you graduate from the college while in the latter type; you have to pay the interest right from the date of the loan- origination. All you need to obtain this loan is by providing a proof that you are not in default of payment of any other student loan and you should have a high school diploma or a GED Certification.

Moreover, as a member of the Financialaid, you can avail lower rates of interest which are even lower than the market rates. The first step to check your eligibility for this loan is to fill out the Free Application for Federal Student Aid (FAFSA). If you are found to be eligible then you can apply through the financialaid's website

All these support is to ensure the right of education to all and in building up a nation’s future.

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