Consolidating subsidized and unsubsidized loans

If you secure a Stafford Loan or Perkins Loan, upon completion of your studies you may be eligible for loan consolidations that will allow you to extend your repayment schedule from 10 years to 30 years while securing a locked in low interest rate.

In accordance with Congress' Higher Education Act both the Stafford and Perkins loan programs offer student loan forgiveness options that are available to graduating students who enroll in public service programs or take positions teaching in low-income school districts.

If you have bad credit and no cosigner, your best bet is to apply for federal student aid.

Most federal loans are based on financial need and do not require a cosigner or credit check.

According to the Free Application for Federal Student Aid (FAFSA) website, basic eligibility requires you to: Note: Students with criminal convictions who are incarcerated have limited availability to federal student aid. If you are on probation or parole, you may apply for federal financial aid, but your options may be limited.

Federal Loan Programs Direct Loans Direct Loansare the largest federal student loan program. The first step to receiving federal student aid is to apply online.

With these types of loans, the lender is the United States Department of Education. If you can demonstrate exceptional financial need, you may qualify for a Federal Perkins Loan. Visit the Free Application for Federal Student Aid (FAFSA) website to begin. Priority is given to students who apply by March 1 of each year, so start the application early.

If you have bad credit, a federal student loan is the best way to get a student loan without having a cosigner. Watch this short video to help you get started right now.

Having said that, student loans are often necessary to make it possible for a young person to fulfill their college dreams.Luckily, student loans often offer special terms and provisions that make them a more affordable and manageable commitment for young college-bound students.Most student loans offer lower interest rates, deferred payment options and a repayment grace period following graduation.If you have good credit but no cosigner visit this page to get started Eligibility Most students are eligible for some type of federal aid regardless of income and whether or not they have a cosigner.To qualify for federal student aid, you must meet a few requirements.

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