123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Career >> View Article

College Money

Profile Picture
By Author: Vanessa McHooley
Total Articles: 8
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Stafford Loan Consolidation
A Stafford Loan, which can help to finance your way through a college or university, comes in two forms:

Subsidized Stafford Loans
A subsidized Stafford Loan, which you can receive based upon your specific financial aid. When a Stafford loan is subsidized, you are not required to pay any

interest on the loan while you attend school. The federal government subsidizes the interest accrued on your account while you attend school and does not

charge you interest until you finish school.

Unsubsidized Stafford Loans
An unsubsidized Stafford Loan, which you do not receive based upon your own specific financial aid. Rather, you can receive this type of loan but must pay

interest on the loan even as you are still taking classes and enrolled in school.

Two Different Stafford Loans?
Often times, college and university students find that Stafford loans will be dispensed to them both as subsidized and unsubsidized loans, meaning that part

of the loan will be subsidized and part of it will not. As they move ...
... through college, this means that they are paying interest on the loans, or simply

allowing the interest to build up over time.

How To Consolidate Your Stafford Loans
Student loan consolidation can help you to combine the two types of loans into one low monthly payment that makes it easier and quicker for you to pay off

your college loans. You have the ability to find a loan consolidation company, who will then work with you to take all of your Stafford loans, both

subsidized and unsubsidized, and place them into one central loan that can then be paid off over time.

How exactly will this help to save you time and money? For starters, you will only be paying interest on one loan, rather than two, and by consolidating your

loans, you can often achieve more favorable interest rates on your debt. In the end, this will allow you to save time, money, and frustration that comes with

paying off loans over long periods of time.

This article is distributed by NextStudent. At NextStudent, we believe that getting an education is the best investment you can make, and we're dedicated to

helping you pursue your education dreams by making college funding as easy as possible. We invite you to learn more about how to get Stafford Loan

Consolidation at www.NextStudent.com .
About the author:

My goal is to help every student succeed - education is one of the most important things a person can have, so I have made it my personal mission to help every student pay for their education. Aside from that, I am just a pretty average girl from SD.


Total Views: 186Word Count: 459See All articles From Author

Add Comment

Career Articles

1. Stem-xpert Stuns At Web Summit Qatar 2025, Revealing Global-class Innovations On Global Platform
Author: stem-xpert

2. Stem-xpert Charting The Path For Global Innovation: Pitching At Embassy Of India, Qatar!
Author: stem-xpert

3. India's Innovation Drive At Web Summit Qatar 2025: Stem-xpert's Global Footprint
Author: stem-xpert

4. Starting A New Job Remotely: What You Need To Know
Author: Anna Paquin

5. Empowering Educators: How Stem Facilitator Courses Power Education To The Future
Author: stem-xpert

6. Secure Job Opportunities In Europe With Santa Maria International’s Trusted Support
Author: raseenadm

7. Gain Cultural Exposure And Career Growth Through Santa Maria’s German Au Pair Program
Author: raseenadm

8. Find An Affordable Way To Work And Live In Europe With Germany’s Opportunity Card Program
Author: raseenadm

9. Why Consider Hiring A Recruitment Agency?
Author: Gopal

10. 21st Century Skills: Critical Competencies For Success
Author: stem-xpert

11. Importance Of Re-skilling - Stem Facilitators For School Teachers Need To Upgrade Themselves
Author: stem-xpert

12. From Entry-level To Executive: How Jobeze Supports Career Growth At Every Stage
Author: Karan Choudhary

13. Best Recruitment Agencies In Bangalore For Freshers & Experienced Professionals
Author: S K Gupta

14. Mbbs Admission Process In Kazakhstan For Indian Students
Author: Stdyhub

15. Top-rated Daycare And Chinese Schools For Kids In Middle Village & Forest Hill
Author: John

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: