personal student loan
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Student Loans - How to Shop for a Student Loan - Federal Backing ...
Unlike some other financial aid programs, student loans must be paid back. There are several types of student loans available in the United States. The first is the Federal Student Loans made to the students directly (1). There are no payments until after graduation, but amounts are quite limited. The second is the Federal Student Loans made to the parents (2). They have a much higher limit, but payments start immediately. The third type is the Private Student Loans made to students or parents (3). These have higher limits and no payments until after graduation. Usually the interest will start to accrue immediately though.
The first type of student loan is made directly to the students and is used to supplement personal and family resources, scholarships, grants and work-study. These loans can be subsidized by the Federal government or may not be, depending on the students needs. .
More personal student loan info
First Marblehead to Provide Direct-to-Consumer Private Student ...
--The First Marblehead Corporation (NYSE: FMD) todayannounced it has entered into a three-year agreement with GE ConsumerFinance, a top provider of innovative financial solutions, to market afull suite of Direct-to-Consumer (DTC) private student loan servicesunder its consumer brand, GE Money. GE Consumer Finance will offerfinancing programs to a variety of education levels, including K-12,undergraduate, graduate, and continuing education.
"Our partnership with GE Consumer Finance validates the benefitsof our DTC marketing strategy and expands on the momentum we arecreating in this area," said Jack L. Kopnisky, president and chiefexecutive officer of First Marblehead. "GE Consumer Finance's programprovides creative and essential education finance opportunities,tapping into various markets that have specialized needs we canfulfill."
"As a leading provider of credit services to consumers around theworld, we are constantly looking for ways to enhance our productofferings," said Scott Young, senior vice president of GE ConsumerFinance's Personal Finance unit.