A Federal Stafford loan is a loan issued by the government to college students at rates much lower than other traditional loans. Unlike other Hillsboro student loans, a Stafford loan doesn't require credit report checks or collateral that other loan options require. If you stay in school at least part-time, you won't need to make payments on the loan until after you receive your diploma. With the rising costs of tuition and a slow economy, Stafford student loans in Hillsboro are a great option for struggling students. Subsidized and unsubsidized education loans are two different options when obtaining a Federal Stafford loan. Regardless of your credit, the two kinds of loans are available to you in Hillsboro. Subsidized Stafford loans are for students that are from low income or in need. Using this type of loan, the US government will pay the interest while you are still in school. Unsubsidized student education loans are also available to college students in need. Many college students have multiple Illinois unsubsidized Stafford loans to manage their school costs. A student loan consolidation program in Hillsboro enables you to lock in a low interest rate, combine your high-interest student loans into one low monthly payment, and put more money into your pocket. Additionally, Hillsboro education loan consolidation doesn't require any origination fees, application fees, or prepayment penalties. In most cases, all you will have to do to consolidate your loans is complete a simple application. Contact our associates today for more information on student loans and consolidation in Hillsboro. A lot of college students in Hillsboro, IL can consolidate their student education loans into one loan. In fact, many lenders encourage you to definitely take advantage of them in Hillsboro. With student loan consolidation you can save money and combine your oustanding student loans straight into one. With student loan consolidation, many college students have been able to lower their monthly payments by fifty percent. Credit cards are a good way to build your credit history, but you need to be careful that you don't overspend. A few mistakes could get you into a mountain of debt. Many college students are over zealous with their credit cards, particularly when they first receive them. In Hillsboro, it's easy to get more debt than you can handle. For the most part, Hillsboro student loans should cover most of your expenses, but if you get a credit card anyway, be careful what you spend. Call our associates to find student loans in Hillsboro so you can stay away from credit card debt.