Consolidating private student loans with bad credit
And if you are worried about your credit history, Federal Direct Loans provide one of the friendliest no credit check borrowing options around.
Federal loans don’t always cover expenses for single parents, so private lending alternatives should be explored.
Private student loans are a double-edged proposition.
On one hand, they provide valuable resources that bridge the affordability gap that’s left when other aid doesn’t get the job done – but they do come with limitations.
Requesting federal financial aid starts with submitting a standardized form called the Free Application for Federal Student Assistance (FAFSA).
Blending your Expected Family Contribution (EFC) with available student assistance programs, college financial aid offices craft individual packages of aid that address your particular college financing needs.Students enrolled in college at least half-time are eligible for federal loans, either through the Direct Federal Loan Program or the Federal Family Education Loan Program (FFELP).Federal Direct Loans, subsidized and unsubsidized, are by far the most popular guaranteed loans for university students.Single parents represent a substantial subset of the college student body, so this non-traditional student group is starting to get more attention from scholarship underwriters.If you are juggling kids, a career college courses, you may be eligible for some financial aid that is reserved for working adults and parents.
Economic shifts and the globalization of the workforce have contributed to a re-tooling trend among older students who are engaging in post-secondary education.