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Home » Education Articles » Plus Loans From Nextstudent Allow Parents To Help Pay For College

PLUS Loans from NextStudent Allow Parents to Help Pay for College

Parents still are in the running to help cover the cost of their children's college education and can do so with PLUS Loans – Parent Loans for Undergraduate Students. With rates as low as 6.25 percent, parents can borrow up to the full cost of college with a federal PLUS Loan, according to NextStudent, the Phoenix-based premier education funding company.

NextStudent offers PLUS Loans at a rate as low as 6.25 percent when coupled with incentives such as a 2 percent interest rate reduction after the first 48 months of on-time payments and a .25 percent interest rate reduction when borrowers repay their loans through Auto Debit.

PLUS Loan Availability

Parent borrowers cannot be turned down for a PLUS Loan no matter their financial situation, as the PLUS Loans are not based on financial necessity. Up to 100 percent of the cost of college is available to borrowers, less any received financial aid. In addition, PLUS Loans are available throughout the year.

Parents can borrow all of a student's education costs for the 2006-07 academic year all the way through May 31, 2007. The federal PLUS Loan also can reimburse those parents who already paid tuition and education expenses. Total education costs can include tuition, fees, housing, books and supplies, and transportation.

NextStudent offers a fast and easy preapproval process for all federal PLUS Loan borrowers. In addition, PLUS Loans are eligible for federal student loan consolidation, and the interest on PLUS Loans may be tax-deductible.

Benefits of PLUS Loans

Federal PLUS Loans through NextStudent feature other benefits and incentives, including:

• A 3 percent cash rebate on the remaining principal balance after the first 12 months of consecutive on-time payments.

• Easy Application Process with E-Signature. Online application can be qualified in minutes. In addition, NextStudent's "second look" is available to borrowers who initially are denied because of unresolved credit issues.

• PLUS Credit Resolution Team: NextStudent's team has an 87 percent rate of success at resolving borrowers' credit issues, whereby resolutions result in funded PLUS Loans.

• NextStudent offers various PLUS Loan repayment options that include deferred repayment when a student is enrolled at least half-time at school. PLUS Loans are eligible for federal loan consolidation.

Eligibility

Parents must meet eligibility requirements in order to receive a federal PLUS Loan. To qualify parents must be a biological, adoptive or step-parent of a dependent undergraduate student; a citizen of the United States or eligible noncitizen; and must be able to meet minimum federal creditworthiness standards.

Students of parents applying for federal PLUS Loans also must be citizens of the United States or eligible noncitizens; less than 24 years old as of Dec. 31 of the academic year; and unmarried without dependents.

Typically the federal PLUS Loan repayment term is 10 years. Repayment begins within 60 days of final disbursement, and there are no prepayment penalties.

Federal PLUS Loans are a great way for parents to help their children receive up to the full cost of attending college. Interest rates on PLUS Loans are lower when compared to other consumer loans, and the loans feature excellent terms. In addition, NextStudent offers a host of benefits and incentives that make PLUS Loans the perfect way to pay for college.

NextStudent, http://www.nextstudent.com/, federal lender code 834051, is dedicated to helping students and their families find affordable ways to pay for college. NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education finance products and services including a free online scholarship search engine, federally guaranteed parent and student loans, private student loans, both federal and private student loan consolidation programs, and college savings plans.

And here is another random article you might be interested in...

How To Evaluate A New Business Opportunity

If you are searching for ways to earn an income using the internet, you must have already come across many programs with unbelievable claims of overnight income. This article outlines 7 criteria that I use to evaluate any opportunity that presents itself before me.

* 1> Is there a Product in Demand

If you are thinking about a business o­n the internet, there has to be a product that has a huge demand and that can be sold o­n the internet. Many fly by night programs focus o­n building a downline and recruiting other people without having a solid product, there has to be a product that people can use. If the company has a product that you cannot understand, then stay away from such a company. Even if you have a product in demand, it has to be sellable o­nline, For Example, if you try to sell Pepsi or Coke o­n the internet no o­ne will buy it o­nline, as they would prefer to buy such products in the super market. What type of products are sold o­nly o­nline ? Domain registration, Website hosting, email etc â€" these are few examples of products that have a huge demand and that can be sold o­nline.

* 2> Is it a Stable Company

A stable company means that the company promoting the product has to be a debt free company in existence for a period of many years. Avoid Here today gone tomorrow companies that try to sell the concept "get in at the top to make huge income". Look for companies that have been growing for a long time. Even better if you can find a stable company that has been selling its products for many years without the help of any affiliates, and has recently launched an affiliate marketing program.

* 3> Can it produce a good income for me

How many sales will you need to make to produce a sizeable income ? Is the effort that you put in to make a sale justified by the compensation that you receive ? You should study the compensation plan of the company and determine if it is worth promoting their products.

* 4> Is the product affordable

The end customer who purchases the product should find value for the price they are paying. It does not matter to the customer how many levels of up line are being paid commissions. The business opportunity should come second to the product value. If the same product is available elsewhere for a greatly reduced price, then it would be difficult selling such a product.

* 5> Can the product produce repeat sales

A o­ne time sale will produce o­nly a o­ne time income. Products that keep producing repeated income are preferred to products that produce a o­ne time income. For example, if you sell an ebook information product you will have a o­ne time profit from each client, where as if you were to sell monthly membership access to several ebooks that are updated every month, then you have an income that will continue every month as long as the member remains subscribed. Products like domain registration, website hosting, email etc are excellent sticky products that will produce residual income because the value to the customer increases with time for the same cost. For example, when a person has built their website they are more likely to renew rather than loose their work, similarly when a person has branded their domain name and given their email address to their friends and associates, they will want to pay the recurring fee to continue using their domain and email.

* 6> Do they have a strong backend marketing system

The backend systems for the product you promote should be able to present the product to your client, automatically follow up o­n leads, provide live statistics so you can track your prospects and customers and generate your sales report any time you want. The latest trend in email marketing allows you to enter the email ids of your friends into the prospecting system and they automatically follow up with intelligently personalized emails sent from your email id so the replies can come to you. Intelligently personalized means that in addition to including the names of the prospects in each email, they have a system to track if the email is opened, if a link is clicked etc and the next email uses this information to send a different message for each follow-up.

* 7> Will you feel comfortable promoting this product

Given a product and a company that satisfies all the above criteria, this is the most important criteria that you should apply to determine if this company is right for you. For Example, No matter how good the income, I would never feel comfortable promoting a product like Viagra ! o­n the other hand I would gladly promote a domain registration and hosting business as it ads to my reputation as a tech savvy o­nline entrepreneur.

Conclusion:

To summarize, you should look for an affordable, in-demand product that can produce repeat sales for a stable company with a good income potential and excellent backend systems. Just recently I came across o­ne such company that sells .ws domain names with email and website builder, it has o­nly just started its affiliate wing. They have spent over a quarter million dollars in making this 7 minute entertaining flash presentation at http://website.ws/wsbiz/show - I was impressed by their cutting edge technology.