Types of Student Loans

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Types of Student Loans Covered by Federal Student
Loan Forgiveness Program
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• Student loans are rated as one of the biggest
  culprits in disturbing the balance between the
  credit debts and economic stability. The loan
  burden is so massive on the students that it has
  even managed to surpass even the level of credit
  debt markers putting millions of students and
  unemployed youths under a huge stress of debt.
  Many individuals fail to understand the bigger
  picture related to the student loans programs and
  are unnecessarily bothered by the loan providers
  throughout the payment term.
• Federal student loan forgiveness program comes as
  a refreshing turn of activities as it promises to
  give vital time and option of writing off the
  debt in certain circumstances as well. More
  students are trying to get student loans with a
  hope that they will be positively covered and
  backed by the forgiveness programs
• We give you the categories of loans that you can
  manage. The burden of student loans can be shed
  peacefully by acting smarter with them and using
  federal machineries.

Obama Student Loan Forgiveness Program http//studentdebtcenter.org/ Call Us On 800-551-7187
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Dig into the basics of the Student loans

• When applying for student loan, make sure that
  you part for the exact sum you need for the
  expenses and dont cover the expenses of your
  daily routine. Understand the bigger picture
  underlying the student loan policies and opt for
  a scheme that will be covered under forgiveness
  programs as well. Federal loan forgiveness
  program covers basically three types of student
  loans as mentioned under.
• 1. Direct Federal Loans
• Students borrow directly from the federal
  government owing to lower interest rates compared
  to private loans that are more stringent with
  their policies and tend to ambiguously raise the
  interest rates depending on the market condition.
  Government loans are available at subsidized
  rates and it ensures that the federal agencies
  pay the interest rates till the time you finish
  your graduation and even longer depending on your
  payment mode.
• It is both economical and provides relief against
  stressful burden of clearing the amount in
  shorter time.

Obama Student Loan Forgiveness Program http//studentdebtcenter.org/ Call Us On 800-551-7187
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• 2. Government-Backed Loans
• Though these loans have been subjected to
  non-issue from 2010, they continue to circulate
  in the market owing to backing from the federal
  government. These loans are provided by private
  loaners but are effectively backed and guaranteed
  by the government agencies. This marks that in
  case if the borrower has any issue returning the
  sum to the lender, the government will bid to
  reimburse the loan amount to the lender at paltry
  charge. Since these loans come with a guarantee,
  they have low interest rates than the private
  loans.
• Loan forgiveness program for students covers
  these loans as well, but the ratio is poor in
  comparison to the other two loan types in modern
  times.
• 3. Private Loans
• Private loans are the loans that have been
  borrowed from the lenders without any assurance
  from the government end. These loans are
  registered under the National Student Loan
  database and loans borrowed from any private
  lender without government backing.
• These types of loan are covered under Federal
  loan forgiveness program for student program as
  well. Individual borrower must see if the federal
  programs can extend any help in paying the loan
  within payment schedule and not stain the credit
  history in any way.

Obama Student Loan Forgiveness Program http//studentdebtcenter.org/ Call Us On 800-551-7187
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• Student Debt Center
• 18459 Pines Boulevard, Suite 532,
• Pembroke Pines, FL 33029
• Phone
• 800-551-7187
• Fax
• 866-746-1986
• Website
• http//studentdebtcenter.org/services/student-loan
  -consolidation/

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• Thanks
• Warm Regards