| Students and parents who must deal with the high | | | | student applicants who have a good credit rating. |
| cost of a college education have available to them a | | | | Those applicants can get a lower interest rate or a |
| wide range of student loans. This article offers details | | | | lower application fee. |
| on three general types of student loans. | | | | Tuition Answer Loans |
| Federal Stafford Loans | | | | While the student loans discussed so far have all been |
| Unlike other student loans, application for a specific | | | | Federal Loans, the Tuition Answer Loans involve the |
| Stafford Loan should be preceded by the filing of a | | | | loaning of private money. Money from Tuition Answer |
| Free Application for Federal Student Aid (FAFSA). The | | | | Loans normally goes to credit-worthy parents or |
| FAFSA application should be made in the name of the | | | | students. The providers of Tuition Answer Loans do |
| aspiring student. | | | | not feel that every student at a U.S. college is entitled |
| The process of applying for a Stafford Loan differs in | | | | to such a loan. |
| a second way from the application process for other | | | | So, in order to get a Tuition Answer Loan, both the |
| student loans - and application for a Stafford Loan | | | | borrower and the student must have a Social Security |
| does not require a credit check. | | | | number. Both the borrower and the student must be |
| There is no uniform method for the delivery of money | | | | U.S. citizens, or be permanent residents. And finally, |
| from a Stafford Loan. Some students get the money | | | | both the borrower and the student must have good |
| directly from their school; other Loan recipients get the | | | | credit. |
| money from a bank or other lender. | | | | Other Private Loans |
| Signature Student Loans | | | | A student planning to pursue a particular career should |
| In order to get a Signature Loan, a student must attend | | | | study the Career Training Loans. Like the student loans |
| a four year or two year school on at least a half time | | | | discussed in the above section, Career Training Loans |
| basis. That student must also meet certain credit | | | | are private and credit-based loans. |
| criteria. Like some other student loans, application for | | | | They allow a student to get money for either classes |
| the Signature Loan permits the use of a co-signer. | | | | at a trade school, or classes taken online. The school |
| In fact, there is a real advantage to applying for a | | | | attended by the student must, however, have a license |
| Signature Loan with a co-signer. That process can | | | | from the state in which it operates. |
| lead to a reduction in the interest on the loan. And, if | | | | Students who want to go after training in cosmetology |
| after graduation, the student then makes 24 | | | | or massage therapy do not have to forgo the chance |
| successive payments, the co-signer is removed from | | | | to get a student loan. For them Career Training Loans |
| responsibility for covering the loan expenses. | | | | are perfect. Those loans can also help a student who |
| If a students plans to go to a community college, then | | | | wants to become an MRI technician. |
| he or she ought to consider getting a Signature Loan. | | | | They are the sort of student loans that are ideal for |
| Unlike other student loans, the Signature Loan rewards | | | | anyone who wants to study on the job. |