Student Loans

The Student Loan Ninjette Explains This Website

Hey fellow college students! Winter semester has begun and many of us don't have the money to pay for it!

We're going to need student loans (if not this semester, next) and in order to get the right loan with the right interest rate we have to be educated- I mean on student loans!

Luckily, the Student Loan Ninjette has gathered together all the information you are seeking.

Click the links to your left to start learning about student loans!

Our college years can be very stressful. Trying to juggle classes, study, get homework in on time, develop your social life, sleep, work, fight pirates and participate in extracurricular activities (not to mention all the domestic chores such as shopping, cooking, cleaning and laundry) is a pain in the -you know where-. However, the most stressful and agonizing aspect of college life is usually figuring out how to pay for it all (unless you're lucky enough to have a rich uncle).

About-Student-Loans.com will help you get the information you need to find a student loan that is perfect for you! We also provide free information on other student finance options such as scholarships and grants.

Remember to

Student Loan Alternatives-
An "alternative college loan," also known as a private college loan, is different than a federal student loan. Click here to see if it's right for you.
Low-Interest Student Loans-
Find out how to get the low interest college education loans you've been looking for. What are the qualifications for obtaining a low interest loan? Where can you find one? Is there a low-interest federal government loan?
Student Loan Consolidation-
Great information on school loan consolidation. Student education loans can get out of hand sometimes, especially once you've graduated from college. Debt consolidation may or may not be the best option for you. Consolidation is when you compile all your student loans into one. Whether it's private loan consolidation or Stafford loan consolidation, read these articles to find out if student consolidation loans are right for you.
Stafford Student Loans-
Stafford student loans are the most popular loans. Why? Check out our Stafford Student Loan information page to find out! And to check out information on other federal student loans.
Managing Student Debt-
Awesome information that will help you successfully manage your student debt and reduce it as quickly as possible. Also, tips to help you make more and spend less!
Student Finance Options-
Taking out a loan isn't your only option, and quite often it isn't the best choice for you. Scholarships and grants are great alternatives to taking out a loan because you don't have to pay them back. Visit our Student Finance Options page to explore finance options other than student loans.
Other College Information-
Learning how to take out loans, find scholarships, and manage your debt are all great things that you ought to know while your in college. However, there are other important things that college students should know. Here are Other College Articles that explain a few of these important things.

We are always looking for additional articles. If you have an article you would like to submit about student loans, please fill out the form here and we will post it shortly.

Recent Student Loan News- November 13, 2008

Bailout Plan for Student Loan Companies Might Hurt Students

Diverse

by Robin Chen Delos

The government plans to help struggling student loan companies, announced U.S. Treasury Secretary Henry Paulson Wednesday. He said the decision would make more credit available to college students, but experts warn the plan might not help students at all.

“We are very wary of the government bailing out private student loan providers, many of whom engaged in predatory practices by pushing high-cost private loans on high-risk borrowers,” says Stephen Burd, senior fellow at the New America Foundation, a nonpartisan public policy think tank.

It might not be such a bad thing that struggling private loan companies aren’t lending to students anymore, Burd adds. “High-priced colleges and lenders have made it too easy for financially needy students to take on unmanageable levels of private loan debt,” he says.

Last month, Congress authorized more than $700 billion in public money be used to rescue banks Paulson said were on the brink of collapse largely because of the home foreclosure crisis.

In a televised news conference Wednesday, however, Paulson said the government is dropping its original plan to buy bad mortgage debt from the nation’s banks and will use the remaining money instead to help student loan, auto loan and credit card companies.

But rather than give money to private loan companies, the federal government should focus more on expanding federal student loans, says Barry Toiv, a spokesman for the Association of American Universities, which represents 62 leading research universities in the United States and Canada.

Federal loans have more preferable conditions than private loans, but federal aid is often not enough to help families cover rising college costs, as Diverse reported last month.

“Our institutions are certainly concerned about students’ abilities to remain in school and do want to ensure lenders can continue to extend loans,” says Toiv. “But our first priorities are government (loan) programs because they provide lower interest rates to students.”

In addition to making more federal money available to students, Burd adds that colleges “should shift money they currently spend on merit aid to need-based financial aid so that the students who truly need the help get it.”