Monday, August 26, 2013

Gaining Financial Flexibility for College with Private Student Loans

For millions of students across the country, the dawn of a new school year comes with the usual excitement and apprehension, as well as a whole lot of errand running and preparation.

Parents have tons of items to cross off their checklists before sending their young scholars off to school for the first day of class, but for college students, it’s a whole different ballgame. From purchasing school books and supplies to finding their way around campus, college students have quite a few things to accomplish before settling down to study.

As if that isn’t enough, many students are also left pondering the question, “How am I going to pay for all of this?”

With the cost of tuition rising and numerous expenses to cover, private student loans are becoming a popular option for college students of all ages to supplement any federal loans they may have.

Private student loans offer financial flexibility with more repayment options.  Additionally, more people are eligible for private student loans, including students who aren’t enrolled full-time. Private student loans also are available year-round, so if you aren’t ready to apply now or if you prefer to get one later if expenses become a little too much to bear, private student loans are accessible.

These particular loans give the recipient the option to pay for most everything they need including books, computers and room and board.

At Community Financial, our private student loans are offered at low rates with great benefits, and we excel in making sure we match the right type of loan with the right student.

Private student loan recipients must meet these qualifications:

-Must attend an accredited school or be at least half-time
-Must be or become a credit union member
-Must be a U.S. citizen or permanent resident
-Must meet the minimum credit requirements

Our private student loans also come with a 30-day no fee return policy that allows you to cancel the loan without any fees or interest should the need arise.

For more information private student loans, visit www.cfcu.org/studentloans or call 888-549-9050 to speak with one of our friendly representatives about whether a loan is right for you.

^Rates vary and are dependent on individual credit history. All loans subject to Credit Union approval and require a cosigner.


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