"Continuing Education Loan" - A great option for students
- Date: 2007-04-07 - Word Count: 289
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Continuing education loan is a post-secondary private student loan. It is an easy financing option ideal for part-time, degree-seeking students.
Continuing education loans are credit-based and thus require good credit record to avail them. Moreover, you must be a US citizen or at least a permanent resident.
Good credit records will translate into low interest rates. As such interest rates are variable and for those borrowers with excellent credit they can be as low as Prime + 0 percent. In any case they are reset on a monthly basis. Loan fees vary between 0 percent and 6.5 percent.
If you don't even have an average credit record, you can still apply for continuing education loan with a cosigner who is creditworthy. He or she may be released after completion of the first 24 consecutive on-time monthly payments of both principal and interest. There is no prepayment penalty. There is no aggregate loan amount fixed. However, it is large enough to finance your tuition and other education-related expenses.
This low interest student loan has a flexible repayment option. The maximum repayment term is 15 years. However, following the standard repayment option, you can make a minimum of $30 as monthly payment of principal and interest. You can also pay the interest while in school and begin standard repayment of both interest and principal after completing school.
For the best offer on student loans of all types, as well as information on federal student loan, visit http://www.estreetloans.com.
Manu Goel is Senior editor for Estreetloans.com web articles. Estreetloans.com where consumers can now apply online within minutes for a Mortgage, Refinance, Home Equity, Auto Loans, Student Loans, and Payday Loans and can have as many as four loan offers from leading banks and lenders within 24 hours. http://www.estreetloans.com
Continuing education loans are credit-based and thus require good credit record to avail them. Moreover, you must be a US citizen or at least a permanent resident.
Good credit records will translate into low interest rates. As such interest rates are variable and for those borrowers with excellent credit they can be as low as Prime + 0 percent. In any case they are reset on a monthly basis. Loan fees vary between 0 percent and 6.5 percent.
If you don't even have an average credit record, you can still apply for continuing education loan with a cosigner who is creditworthy. He or she may be released after completion of the first 24 consecutive on-time monthly payments of both principal and interest. There is no prepayment penalty. There is no aggregate loan amount fixed. However, it is large enough to finance your tuition and other education-related expenses.
This low interest student loan has a flexible repayment option. The maximum repayment term is 15 years. However, following the standard repayment option, you can make a minimum of $30 as monthly payment of principal and interest. You can also pay the interest while in school and begin standard repayment of both interest and principal after completing school.
For the best offer on student loans of all types, as well as information on federal student loan, visit http://www.estreetloans.com.
Manu Goel is Senior editor for Estreetloans.com web articles. Estreetloans.com where consumers can now apply online within minutes for a Mortgage, Refinance, Home Equity, Auto Loans, Student Loans, and Payday Loans and can have as many as four loan offers from leading banks and lenders within 24 hours. http://www.estreetloans.com
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