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How to Use Student Loans to Finance Your College Education

Great Loan Understanding Info

September 02, 2006

The availability of low-cost student loans ensures broad access to higher education. Today, federal education loan programs provide the single largest source of college financial assistance in students in the U.S.

There are different types of loans available for student and parents. Each is described in this section of our Web site. In addition, several targeted programs provide education borrowers with LOAN FORGIVENESS, also known as cancellation or repayment benefits.

Before applying for any loan, be sure you understand the repayment terms, conditions and payment amounts. The payment amount is affected by the interest rate and total amount borrowed. You may use the repayment calculator to help estimate your expected payment amount. Commission staff are available to answer questions or provide more information about student loans. Contact us at 1-800-383-4222 or at info@iowacollegeaid.org.

 

GO TO THIS WEBSITE TO OPEN THE LINKS OF THIS ARTICLE

 http://www.iowacollegeaid.org/loans/nav.html

 

           
About Loans:  
  • Calculators - Financial aid calculators help you estimate how much aid you'll need and what your family will be expected to contribute toward college costs. You can customize these tools for your own financial situation and college costs.  
Loan Forgiveness Programs:
Cancellation benefits for shortage professions
        Student Loan Outfitters --
       www.StudentLoanOutfitters.org
for Iowa Teachers:
Iowa Teacher Shortage
Forgivable Loan Program

Federal Stafford Loan
Cancellation for Teachers

for Iowa Nurses:
Iowa Student Loan
Nursing Education Loan
Repayment
** NEW **

Iowa Farm Bureau Foundation Nursing Education Forgivable Loans
May 2, 2006 deadline for this program's awards to support education costs in 2005-06

Federal Loan Cancellation
Programs for Nurses
-- Mar. 17, 2006 deadline to apply for loan repayment benefits (federal) in this fiscal year's budget and program parameters.
Before you borrow or borrow more, use the Outfitters Web site to guide you through all aspects of student loan borrowing and repayment --
  • budgeting
  • student loan repayment
  • loan consolidation
  • strategies to reduce your borrowing costs

Student Loan Outfitters promotes responsible borrowing and successful repayment.


 

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