A Federal Stafford bank loan is available in two different kinds: subsidized and unsubsidized. In Palestine, both types of loan applies to just about all college students, regardless of credit. Subsidized Stafford loans are given to college students that are financially needy. With this type of loan, the government pays the interest while you're still in school. Unsubsidized student education loans are also available to college students in need. Many Illinois college students have unsibsidized Stafford loans to assist them to pay for their schooling. A student loan consolidation program in Palestine allows you to lock in low interest rates, bundle your high-interest federal student loans into one low monthly payment, and put more money into your pocket. Additionally, Palestine education loan consolidation does not 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 right now for additional info on student loans and consolidation in Palestine. If you're a student in Palestine who has returned to college following a significant absence, you could be puzzled by new rules and regulations regarding financial aid and student loans. In the last few years, student loans have changed significantly and the application and qualification process is now very different than in years past. Do not be left in the dark when it comes to student loans in Palestine. Call our associates today to get all of your questions regarding college loans answered. A Stafford loan is a loan issued by the government to college students at rates much lower than other traditional loans. Unlike other Palestine student loans, a Stafford loan does not require credit checks or collateral that other loan options require. If you stay in school at least half time, you won't need to make payments until after you graduate. With rising tuition costs and a sluggish economy, Stafford student loans in Palestine are a great option for poor students. There are many Palestine student loans which are available. It's not unusual that students use a cosigner on the loan. For those who no longer need that cosigner you'll be able to have them sign a release. In this situation, you'll be able to take over the full liability of the loan, thus releasing your cosigner from his/her responsibilities. After you've made several on-time payments, you then are the sole owner of the loan.