Private Student Loans & LOAN CONSOLIDATION

PRIVATE STUDENT LOAN CONSOLIDATION:

NEW:

When students can’t get federal financial aid for whatever reason, or the aid is not enough, students have other options. The average Private Student Loans cover educational expenses and others that perhaps a student or parents don’t account for in the initial assessment of costs. Perhaps a student needs a tutor for a course, or the old computer finally gave up its last byte. Maybe it was just that books were more expensive than what you originally thought. Whatever your reason for needing additional funds, consider these private student loan educative and informational websites:

PRIVATE STUDENT LOAN CONSOLIDATION:

Even if you are self-employed, two years of records are usually sufficient. You also have to be able to prove that you have an income currently in the field you are studying in school. There are residency requirements as well.

Here are some questions you should ask yourself to decide if you will be applying independently or with a cosigner:

1. Do I have a 2-year employment history or two years of records of steady self-employment?
2. Do I have current income from employment in my field of study?
   
3. Do I have a 21-month long credit history?
   
4. Have I lived at this address or the ones immediately preceding it for a total of 12 months?
   
5. Am I either a U.S. citizen or a permanent resident (with 2 years
   of U.S. residency)?
6. Do I really need private loans or will Federal loans cover all my expenses?