iBest Student Loans

Any student looking for financing for their post-secondary education should look into the student loan programs that are available through their federal government. In the United States, there are many opportunities for students to be financed to enroll in college or University. There are numerous types of student loans available, with opportunities for all students to receive financing. When looking for a student loan you should definitely look at the federal student loans before considering any other options for financing.

Types of Federal Student Loans
There are many different types of federal student loans that are available. Some examples of common types of federal student loans include the Stafford, Perkins, and Parent PLUS student loans. The Stafford and Perkins student loans are by far the two most common choices. There may also be different types of particular student loans, such as subsidized and non-subsidized loans. The government will cover the interest payments during your enrolment in school through subsidized loans. You will be responsible for covering the full amount of interest on the loan through a non-subsidized loan.

Stafford Student Loan
The Stafford student loan is one of the most common choices of student financing programs for students in the United States. This type of student loan is provided to college or University students that are seeking a two to four year degree. The Stafford student loan may be obtained through the enrolling school. This particular type of student loan is one of the few choices for those that do not have good credit. Almost any student will be approved for this financing. However, the amount that you will receive is limited so this funding is strictly available for an on-necessity basis.

The Stafford student loan is appealing for a number of reasons. The main benefit of this type of loan (aside from the ease of approval) is that the interest rates are low, and fixed. The interest rate has dropped substantially in recent years for the Stafford student loan. The interest rate for the 2011-2012 year will sit at a fixed rate of 3.4%. Another benefit of the Stafford student loan is that additional financing may be requested for certain degrees or for continuing your studying term.

Perkins Student Loan
The Perkins student loan is designed for those that have a serious need for financial assistance. This type of student loan is also very beneficial as it has a low interest rate. The interest rate for the Perkins student loan is fixed at 5%. Most students will be approved for this type of student financing as well. Also, the Perkins student loan can be obtained through the school which you intend to enrol with.

Parent PLUS Loan
The Parent PLUS program is designed as a form of financing which factors in credit information of the student’s parents. Parent PLUS student loans are also available for graduate students. The major benefit of the Parent PLUS student loan is that you can receive complete financing for tuition fees.

Who Can Qualify For a Federal Student Loan?
The requirements for approval on federal student loans will vary depending on the specific type of loan that you choose. There are student loans available through the United States government for just about everyone. You may be able to receive financing even if you have no credit history, a poor credit score, and no co-signers for the loan.

The type of loan and amount of financing you can receive will vary depending on your situation though. If you are interested in obtaining a government student loan then you should look for one which offers the optimal financing for your needs and check the requirements to qualify for that loan.

Applying for a Federal Student Loan
If you are searching for financing for your post-secondary education then it is definitely recommended that you take a look at the various federal student loan programs that are currently running. There are many opportunities for you to take advantage of financing through your federal government. There will be financing opportunities for you to take advantage of even if you have poor credit and no co-signers for the loan. There may also be grants and other benefits available that you could take advantage of as well.

If you would like to apply for a federal student loan then you will need to fill out a Free Application for Federal Student Aid (FAFSA) to determine the student aid that you are qualified for. In closing, it is highly recommended that any student searching for financing definitely takes the time to look into the government student loans that are available and fills out an application as well.