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When to Apply for Student Loans: How to Get Student Loans at Any Time

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In StudentsLendKey

Student loans have started to become the backbone of the modern education system. Now that college has become more expensive, it’s difficult for students without substantial parental support (or large college savings accounts) to afford an education without drawing on student loans. Student loans have made college affordable for many, but federal student loan programs operate with broad rules and regulations. These programs don’t always fit every student, leaving many people who want to pursue a college education needing to find other options. Student Loans Basics There are two types of student loans: federal and private. Federal student loans are …

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Can You Get Student Loans With Bad Credit?

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In StudentsLendKey

Your credit score can make or break your ability to be approved for many types of loans. It can affect the interest rates that lenders are willing to offer you, the repayment periods that are available, and even the total amount of money you may be lent. However, since college costs so much, many current and prospective college students are wondering: Can you get student loans with bad credit? The answer is that it depends on the kind of loan. Some student loans are available without a credit check, but others do require a credit check and judge your loan …

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Beginning Your Student Loan Application: A Guide for High School Students

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In StudentsLendKey

It’s never too early to start preparing for college. In fact, if you’re in your junior or senior year of high school, then you’ve probably already begun preparing for college by doing things like taking the SAT, working hard to keep up your GPA, and sending in applications to the colleges of your choice. These are all important things to do when it comes to getting ready for college, but while you’re still in high school, determining how you’ll pay for college needs to be a priority as well. Now that college costs so much, it’s more important than ever …

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How To Get Student Loan Forgiveness

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In General StudentsLendKey

A 2017 Federal Reverse report found that 42 percent of Americans who went to college ended up taking on some kind of debt, such as student loans, in order to pay for their education. For many of these Americans — many of whom owe $28,400 or more — not much would be better than to have all of that debt forgiven. The good news is that many people can get student loan debt forgiven. There are a number of federal programs and other methods for student loan forgiveness. Depending on which method you pursue, you might either end up having …

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9 Things You Didn’t Know About Student Loans

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In StudentsLendKey

Around 71% of Americans have student loan debt when they graduate from college–and paying it off isn’t easy. The standard repayment plan is set up so that students can pay off their loans around 10 years after graduation. Unfortunately, not every student is able to reach that goal. Some may take twenty years or longer to reach their student loan repayment goals–and that means a long time spent with debt hanging over their heads. Whether you’re thinking about taking out student loans in order to help pay for college or you’re looking for more information about paying your existing loans, these …