True Picture of Personal Student Loan Lending Agencies

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<h1>True Picture of Personal Student Loan Lending Agencies</h1><strong> Author: <a href='http://www.articleseen.com/profile_cryingrose.aspx'>cryingrose</a></strong><br /><p>Students loans are basically designed to provide the requisite amount of financing to the needy people to complete the higher education in a hassle free manner. People should know that this financial aid program is divided into two broad categories. One is called Federal Student Loans and the other one is called Private Student Loans. Since not every kind of education loan is not provided by the Federal Government, so it becomes difficult to determine whether a set of loan is actually an education loan or some other kind of miscellaneous or personal loans. People need to understand that to apply for the Federal Loans, it is imperative that you have filled the FAFSA form and there is no other alternative to it. If any lending agency is telling you that it would provide you federal loans, then it is certainly misleading you and nothing else. As of now, all the federal student loans are being made available through the Direct Loan Program from the Department of Education, USA. It is easy to eliminate the federal student loans from the private market but the problem is that they are no longer being offered. There are very few genuine lending agencies available which provides private student loans at a reasonable interest rate. While the rest of them offer ridiculous amount of campaigning and would offer you the financing but at an astronomical interest rate. There are certain lending agencies that are genuine and have carved a niche for themselves in this financial market like Sallie Mae, Wells Fargo, Citibank, Discover, Chase etc. If as a student you are applying for any other lending agency apart from the one mentioned above, it is imperative that you verify the complete information about the respective company. At any point of time, if you find something suspicious or unable to get the exact picture of the company reputation, then it is advisable not to apply for the loan from that company. Make it a point that you get the loan from a lender that has made significant reputation in the market and is a legitimate lender. And make sure that the interest rate so charged is nominal with flexible repayment options. </p><strong>About the Author:</strong><br />Cryingrose is a qualified author and writes thought provoking articles on <a rel="nofollow" href="http://www.studentloanswithnocosigner.info">Student Loans Without Cosigner</a>. The present article deals about choosing the right lending agency for getting <a rel="nofollow" href="http://www.studentloanswithnocosigner.info/private-student-loan-with-no-cosigner.php">no cosigner student loans</a>. <p> Article Source: <a href='http://www.articleseen.com/Article_True-Picture-of-Personal-Student-Loan-Lending-Agencies_84157.aspx'> http://www.articleseen.com/Article_True Picture of Personal Student Loan Lending Agencies_84157.aspx</a></p>

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Keywords : student loans, without cosigner, no cosigner, bad credit history, federal loans, private loans, lending agencies,

Category : Finance : Loans