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A Stafford loan is a government-secured student loan offered to graduate and undergraduate college students at rates that are much lower than other traditional loans. Unlike a number of other student loans in Oak Brook, a Stafford loan does not require you to have collateral or flawless credit. If you stay in school at least part-time, you won't have to make payments on your loan until after you receive your diploma. With a slow economy and rising tuition costs, Stafford student loans in Oak Brook are a great option for starving students. Several types of student financial aid are available in Oak Brook, IL to students who require it. If you are going after a diploma in nursing, there are several Oak Brook, STATE_ABBREV loans accessible. Most of these types of loans are credit free. These are a few loans accessible to medical students: Loans for Disadvantaged Students, Nursing Student Loan Program, and Primary Care Loan Program. A Federal Stafford loan comes in two different types: subsidized and unsubsidized. In Oak Brook, each type of loan applies to most college students, regardless of credit score. Subsidized Stafford loans are awarded to college students that are financially needy. With this type of loan, the federal government pays the interest while you are still in university. Unsubsidized student loans are offered also to college students in need. Many Illinois students have unsibsidized Stafford loans to help them finance their schooling. Whether or not you're a graduate or undergraduate, it is possible to consolidate your student loans through Illinois consolidation loans. In fact, numerous loan companies encourage you to take advantage of them in Oak Brook. With student loan consolidation you will save money and combine your oustanding student loans into one. Reduce your montly payment by as much as 50 percent with student loan consolidation. A student loan consolidation program in Oak Brook enables you to lock in low interest rates, bundle your federal student loans into one low monthly payment, and put more money into your pocket. In addition, Oak Brook education loan consolidation programs do not typically charge prepayment penalties, origination fees or application fees. In most cases, all you will have to do to consolidate your loans is complete a simple application. Contact our associates right now for additional info on student loans and consolidation in Oak Brook.