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Saturday, August 20th
There's no need to fill out loan applications on multiple lender websites when you use a referral partner like Credible. They've partnered with eight of the most reputable student loan companies to get you the best rates - guaranteed. The prequalification process is short and straightforward, and you'll be able to see which lenders have tentative offers for you. While the rest of the process depends on the loan you choose, Credible gets you most of the way there.
LendingTree is a good place to start if you want to see what your possibilities are with different lenders offering student loans. Depending on your school, you could get anywhere from 6-12 providers to consider. While we appreciate being able to see several options at a glance, LendingTree doesn't go the extra step of letting students know if they actually prequalify: you'll still have to go through that process with each lender directly. This service isn't a bad resource, but it could be a little more helpful.
With 45% of high school graduates finding it necessary to take on student debt to finance their higher learning, that's an important question to answer. While most student loan debt comes from federal loans, some people discover that their government loans just aren't enough to cover the full costs of tuition, room and board, expensive textbooks, and everything else necessary for their college education.
If you find yourself in that situation - for your studies or your children's - you might get overwhelmed trying to figure out where the money will come from. And even once you've selected a lender, you still need to decide what repayment terms are best. Fixed- or variable-rate? Interest-only or small fixed repayments while still in school or fully deferred for 6-9 months after graduation? Repaying over five years or twenty? There are a lot of factors to consider that are unique to you.
Fortunately, there are quite a few providers of student loans that can help you not only figure out those answers but also connect you with the money you need to pay for school. Many of them can even prequalify you for a loan with just your name, address and birthdate, with no impact on your credit report. Rest assured that millions of students (and many of their parents) have successfully navigated this process - and you can too.
Here are several aspects of student loan providers to keep in mind as you decide which ones merit further consideration:
To help you get the funds you need for your education, TopConsumerReviews.com has evaluated and ranked the best options for student loans today. We're confident that this information will make it possible to find the right way to cover the costs of your tuition, books and more!
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