Advantages of Federal Student Loans
Before you take any type of loan you need to do your research. If you are looking for a way to pay for your education then here are some advantages to Federal Student Loans.
The interest rate on federal loans is fixed, which means that the payments will not raise or fall according to the market.
Free insurance is provided for by the government. This means that if you die or become disabled your loan will be – Read more
What are Loan Modifications?
Loan modifications are charges to your loan agreement. Your payments will become more affordable and you will not have to default ion your loan. The banks offer loan modifications, as it is easier for them to work with you rather than chase you.
If you stop making your payments, then the bank has a few options in front of them. The bank can try and repossess your property like your home, they can try and collect with a bank levy or through a wage garnishment, – Read more