eventswo12
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Joined: Dec 05, 2011
Posts: 47
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 Posted: Mon Dec 05, 2011 5:32 pm Post subject: hi |
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Fortunately not all student loans programs grant loans on the basis of your credit record and loan schemes such as Stafford loans and Perkins Loans are based solely upon your financial need. Unfortunately not all students will qualify for these loan schemes and those that do will find that the funds they provide are not enough to meet your needs and generally have to be topped up with additional loans. For most students therefore there is a need for supplemental loans and that means credit based student loans. Established by an Act of Congress in 1965 and begun in 1966, the Federal Family Education Loan Program (FFELP) is a partnership program between the federal government and private lenders and an umbrella program which includes Stafford loans, student PLUS loans and Perkins loans. Since it started more than half a trillion dollars have been disbursed through this program. Many college students today hit a hurdle before they even start when it comes to finding the funds necessary for college because they have already managed to run up a poor credit history. Fortunately however there are aid and loan packages available today which look principally at need and ignore your credit history and so this is where you will need to start your search for funding. One of the oldest sources of funding and one which is chiefly available on the basis of economic need is the Pell grant.
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