College Financing Information Available For Students and Parents

(June 18, 2012) - StudentLoanAnswer.com announced the launch of a new website aimed at providing students with comprehensive information about obtaining and paying off student loans.

It is common for students to have a hard time paying off loans in these tough times, and Student Loan Answer gives graduates the information needed to request a deferment or forbearance on a loan that is currently due. These options allow people just starting out on their own to maintain a positive credit score despite financial difficulty that keeps them from making student loan payments.

Chief Editor Chad Shulman commented, "I’m very excited to be given the opportunity to provide students and parents with student loan information. There’s a lot of misinformation out there about financing a college education, and we’re here to set the record straight.”

A section of the website devoted to questions and answers allows students to easily access information related to common questions asked about paying off college loans. Loan repayment plans tend to be one of the most popular topics for Student Loan Answers because of the amount of recent graduates who are wondering how they’ll be able to fit their loan payments into a tight budget. Modified repayment plans are discussed to help recent graduates who are not aware of these options discover that they do have choices when repaying a loan. For example, income based repayment plans may allow borrowers to continue making payments on a loan without having to resort to a deferment or forbearance.

While much of the website is devoted to helping borrowers understand how to make payments and keep their accounts in good standing, there is information available related to applying for and receiving loans. A section related to obtaining financing with bad credit lets students know that there are options even if they have had problems with paying off debts in the past. Examples of options for bad credit college loans include government loans, cosigned loans and parent loans.

Private and federal loan information is given to students so that they and their parents can make informed decisions regarding the type and amount of financing used to pay for a college education. Students can use the information to understand their responsibilities when it comes to both types of financing, and parents can use the information to understand what their role is when it comes to financing their child’s education.

Student Loan Answer’s new website gives both students and parents the information needed to navigate the difficult process of financing a college education and dealing with repayment after graduation. The website provides comprehensive coverage of topics related to obtaining financing for college and making payments after the grace period following graduation has elapsed.

Contact Information

Chad Shulman

Chief Editor

StudentLoanAnswer.com

Contact via E-mail