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 other Olmsted student loans, a Stafford loan doesn't require credit rating checks or collateral that other loans require. If you stay in college at least part-time, you will not need to make payments on the loan until after you receive your diploma. With a slow economy and rising tuition costs, Stafford student loans in Olmsted are a great option for struggling students. Subsidized and unsubsidized financial loans are two different alternatives when getting a Federal Stafford loan for school. Regardless of your credit rating, both kinds of loans are available to you in Olmsted. Subsidized Stafford loans are awarded to college students that are financially needy. The US government will pay any interest while you attend school. Unsubsidized student education loans are also available to college students in need of assistance. Many college students have multiple Illinois unsubsidized Stafford loans to take care of their school expenses. Several college students in Olmsted, IL can easily combine their student education loans into one loan. In fact, many lenders encourage you to definitely take advantage of them in Olmsted. If you're strapped for money, a student loan consolidation plan could be the solution to your problems. With student loan consolidation you save money and combine your oustanding student loans directly into one. With student loan consolidation, many college students have been able to reduce their monthly payments by 50%. Consolidating your Olmsted student loan allows you to lock in low interest rates, combine your high-interest student loans into one low monthly payment, and put more money into your pocket. Additionally, Olmsted education loan consolidation programs do not typically charge prepayment penalties, origination fees or application fees. Generally, you can complete a simple, online application to apply for a loan consolidation, making it an easy, affordable way to lower your student loan payments. Contact our associates now for additional info on student loans and consolidation in Olmsted. Looking for private student loans in Olmsted because you did not qualify for federal aid? There are numerous education loan options available to Olmsted students that did not qualify for a Stafford loan, but still need help paying for college. Most student loans are easy to apply for and you won't need a cosigner if you have good credit. Don't drop out of college; get the money you need for school right now. Call our associates today for more information.