A Nelnet student loan has Flexibility
Individuals interested in pursuing their education often need many different tools in order to achieve that
dream. While the federal government offers a wide array of student loans for individuals and families, they are not
always sufficient to cover the cost of a complete college education. In some cases, individuals and families may
not be able to qualify for a federal student loan. In these types of situations a private alternative student
would be the next choice. A private loan company called Nelnet, which offers a Nelnet
student loan; can be quite beneficial. Nelnet offers a variety of financial tools and services to students
in their families. These services include private loans for students as well as the federal Nelnet loan
programs such as the following:
- Federal student loans
- Consolidation loans
The Perkins, Stafford and PLUS loans are offered through the Nelnet line of services for students and their
families. Each loan comes with a low interest rate and little to no origination fee. Students and families have up
to 10 years to pay back their loans with generous grace periods. Two different Nelnet student loan repayment
options are also offered for students who are interested in consolidating student loans. These include a federal
student loan consolidation and private consolidation loan. In order to qualify for a federal consolidation loan,
applicants must meet the following qualifications:
- Have a minimum of $7500 in eligible federal student loans
- Have multiple lenders, unless all loans were funded by the Direct loan program through the Department of
Education
- Must be in a grace period or have entered their student loans
repayment period of their loans
In order to qualify for a private Nelnet student loan consolidation, applicants must meet the following
criteria:
- Applicant and co-borrower (if applicable) must be at least 18 years of age
- Must be a U.S. citizen or resident alien; or have a co-borrower that is a U.S. citizen or resident
alien
- Last school of attendance must be approved by Nelnet
- Student loans considered for consolidation must be fully disbursed
- No bankruptcies in the last seven years
- No liens, judgements, charge-offs or excessive delinquencies
- No history of student loan default
- Loans must be in excess of $5000
As always before looking into a Nelnet student loan program, you may first want to
visit their below web site to see if you can win a free scholarship. You may qualify for free financial
aid for college. You can reduce the amount of; or eliminate your need for student loans altogether if you
qualify for one of the free scholarship programs which many colleges and private companies offer. Most people
don't realize how simple this can happen for them. You just have to apply to them to have any chance. Go
to guaranteed scholarships and unknown scholarships for college to read more on this.
- nslc
The NSLC or National Student Loan Center provides a variety of resources and information about students loans to prospective students and their families.
Nelnet student loan has many options for
students looking to fund a nelnet loan.
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