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NextStudent Offers Graduate PLUS Loans For Fall Semester
PHOENIX, July 14 /PRNewswire/ -- It is not too late for student borrowers to receive the funding needed for their fall semester tuition at graduate school. Phoenix-based NextStudent, a premier education funding company, offers federal Graduate PLUS Loans that will finance up to the full amount of graduate school at a rate as low as 8.25 percent.
NextStudent's Graduate PLUS Loans can be taken out and distributed upfront or throughout the year. They have all the advantages of a PLUS loan but are directed to graduate students and their needs, with funds that go direct to the student or to the student's college or university. In addition, graduate students are eligible for in-school deferments when they take out a Graduate PLUS Loan.
Student borrowers will find that NextStudent's Graduate PLUS Loans are easily managed and convenient.
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Student loan rates, amount of financial aid on the rise
BALTIMORE - Borrowing money for college just got more expensive when higher interest rates on federal student loans went into effect July 1.
However, students may be offered more help thanks to a trend toward increases in need-based aid, which includes grants and scholarships.
At Towson University, need-based financial aid for students has jumped more than 300 percent in the last six years, from about $1 million in 2000 to more than $6 million this year, according to Vince Pecora, director of financial aid.
Pecora said rising interest rates on all types of loans, not just the most recent increase, as well as the skyrocketing cost of college, led to the dramatic increase in aid at Towson.
“I don't think there's a general awareness of the percentage [increase], though we've alerted every single borrower we have and the federal government has notified them," Pecora said.