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Student loans can relieve the financial burden off you for the period of your education. It is a good idea to have a student loan if you are planning to go to college. The interest rate of student loan is usually lower than other types of loan such as credit cards or mortgages.
The best thing about student loans is that they do not carry any prepayment penalties. This means that they can be used more often than other types of loans such as credit cards or mortgages. It can also be used to pay off other debts like credit cards and mortgages etc.
Students loan can relief the financial burden off you for the period of time that you need it, which is for about 5 years in most of the cases after which you will be able to pay it back with interest. You must meet the eligibility criteria set by the relevant lending institution (e.g. bank, building society or credit union).
Top Student Loans Providers
1.Earnest Loans
Earnest loans is a student loan refinancing company that helps you attain the best possible rate on your federal student loans. They provide competitive interest rates and flexible payment terms to help you pay off your student loans faster and lower your overall debt.
With an interest rate as low as 5.99% and the ability to consolidate federal loans into a single payment. Earnest Loans offers student loans for undergraduate, graduate and professional programs. You can apply for private student loans online or by phone.
Their no-obligation quote will help you understand the benefits of refinancing, including: Lower interest rates More flexible payment options (including installment plans) Ability to skip payments once per year. Hop into earnest.com to find out more!
2. Edly
Edly is the first student loan repayment solution that combines the convenience of a credit card and the flexibility of a student loan. Edly was created with students in mind and offers low interest rates, flexible payment options, and affordable monthly payments with no subsidized interest.
In addition to helping you manage your student loans, Edly gives you the freedom to spend money on things like school supplies and other necessities without worrying about paying back extra fees or late fees.
Edly makes it easy and affordable for students to find affordable solutions for their student loans in 5 simple steps: Enter your information into the free application form, including your current income, student loan debt and expected EFC. They’ll calculate how much they can help you lower the amount of your monthly payments through an income-driven repayment plan (IDR). You will also be asked for your Social Security number to verify that you’re eligible for IDR services
3. Funding U
Funding U no cosigner student loans are specifically designed for students who want to go back to school but lack enough financing. These programs provide low interest rates and flexible repayment options. You don’t have to worry about how much money you make or how much debt you will end up taking on in the long run.
They offer three different types of student loans that allow you to take advantage of low rates and flexible payment options. Their funding programs are designed with students in mind, providing access to affordable loans that can be used for any purpose.
With Funding U, there’s no need to worry about paying back student loans. You don’t need a cosigner — they can fund your entire college education with just one payment! Just apply online, complete the application process, and they’ll be in touch with all of the details of your loan — including the interest rate and when payments are due.
4. SoFi Loans
SoFi is an American online personal finance company and online bank. Based in San Francisco, SoFi provides financial products including student and auto loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.
Personal loan applicants must have a minimum FICO credit score of 650 to qualify for a SoFi personal loan. As with other popular lenders, not all applicants who meet the minimum credit score requirements will be approved for a SoFi personal loan, and most successful applicants have a score of 700 or higher
As a SoFi member, you get access to exclusive benefits designed to help set you up for success with your money, community, and career.
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