Web Site Reference on:
NSLC or the National Student Loan Center

The NSLC or the National Student Loan Center provides a variety of resources and information about students loans to prospective students and their families. The NSLC also offers several loan products for students, including the following:

• Federal Consolidation loan
• Federal PLUS loan for parents
• Subsidized Stafford Loan
• Unsubsidized Stafford Loan

The National Student Loan Center does not require credit checks for applicants applying for these loans and borrowers may have up to 10 years on repaying student loans. The federal student consolidation loan program gives parents and students the opportunity to consolidate federal student loans in order to take advantage of lower interest rates and lower fixed monthly payments. Loans must be in the grace period or repayment period in order to qualify. Several different loans are eligible for consolidation including the following:

• Federal Stafford Loans, unsubsidized and subsidized
• Direct Stafford Loans
• Federal Supplemental Loans for Students
• Students/ALAS and Student PLUS Loans
• Federal Perkins Loans, formerly National Defense/National Direct Student Loans (NDSL)
• Health Professions Student Loans, including Loans for Disadvantaged Students (HPSL)
• Federal Insured Student Loans (FISL)
• Federal PLUS (Parent) Loans
• Direct PLUS Loans
• Federal Consolidation Loans, unsubsidized and subsidized
• Direct Consolidation Loans, unsubsidized and subsidized
• Nursing Student Loans (NSL)

The NSLC PLUS loan program gives parents of students the option to borrow up to 100% of their child’s cost of education. Parents are eligible for this loan even if they do not demonstrate a financial need and regardless of income. The NSLC Subsidized Stafford Loan is available for both graduate and undergraduate study. While the student is in school, the interest on the loan is paid by the federal government. This loan is need based, so not all applicants may qualify. The NSLC Unsubsidized Stafford Loan is also available for graduate and undergraduate study. Unlike the Subsidized Stafford Loan, with this loan the student is responsible for the interest that is accrued on the loan while they are in school. This is not a needs based loan, so students may be eligible for the loan even if they do not show a financial need for the loan. 

Before contacting the National Student Loan Center go here first: scholarship list.

This should always be done first before applying for a loan with NSLC or any type of student loan program. You may not need any college loans if you qualify for a free scholarship. This website is very informational on very good scholarships to apply for, and will save you time.

Related Article
Students who apply for any type of federal student aid are quickly introduced to the National Student Loan Data System ( NSLDS) The NSLDS is the database for student financial aid, hosted by the United Stated Department of Education, and it serves many different purposes.