What is a student loan? A student loan is is a loan specifically designed to help students finance their education at a lower interest rate than one would typically receive. For the most part, the loans are issued by the federal government, but there are many options to borrow from private instituti...

When you apply for a Stafford Federal loan, your default repayment period is the Standard Repayment Plan. But this isn’t the only option of repayment you have. You can also choose from the Graduate Repayment Plan, the Income-Sensitive Repayment Plan or the Extended Repayment Plan. What’s...

We’ve had a few requests to post more articles about loans. We know it’s already too late to probably apply for loans for the fall semester, but it never hurts to apply for spring. Every school is different, but a quick browsing of your school’s homepage can probably push you in t...

But we were right.  We wrote about the effect of the credit crisis back in June, and this week, the Wall Street Journal published an article about the effects of the retreat by private-sector lenders from the educational loans market.  It goes on to give some jaw-dropping statistics to highlight h...