There is an option for undergraduate and graduate students who have not yet applied for their student loans or for those without sufficient federal funds for the fall semester. Phoenix-based NextStudent, a premier education funding company, has a private student loan program to help undergraduate and graduate students receive the funding they need to get them through college.

NextStudent’s Private Student Loans have no application deadlines or fees and are available throughout the year to help cover the total cost of a student’s education, less financial aid. An annual maximum of $40,000 or the calculated cost of attendance (lesser amount) is available with a program maximum of $130,000. Private student loans pay for tuition and fees, housing, supplies and computers.

Preapproval often is available in minutes when student borrowers apply directly online with NextStudent’s fast and easy application form. Qualification may be available with or without a co-signer. Through the program, loan funds go direct to the borrower. Student borrowers do not have to make payments until after they graduate, and there are many repayment options that can save money. In addition, interest payments could be tax deductible.

Eligibility requirements for NextStudent’s Undergraduate and Graduate Private Student Loan Programs require that students be enrolled at least half time in a degree or certificate program at a TERI-approved school. The student loans can be used for distance learning and international students as well. TERI, The Education Resources Institute, is a nonprofit institution that guarantees all NextStudent private loans.

With NextStudent’s Private Student Loan Program, repayment begins six months after graduation or when a student borrower drops to less than half- time enrollment status. Repayment is on a 20-year payment plan. For those students with balances of more than $40,000, the repayment term may be extended to 25 years. The minimum payment on private student loans is $25.

Student borrowers who need funds to make it through college or graduate school have the advantage of NextStudent’s Private Loan Program to help them receive the education of their dreams. Student loan borrowers are not faced with the stress of application deadlines and can receive the funds they need anytime during the year.

About NextStudent

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.

The NextStudent Scholarship Search Engine, one of the nation’s oldest and largest scholarship search engines, is updated daily, available free of charge, completely private — and represents 2.4 million scholarships worth $3.4 billion.

For more information about NextStudent and its student loan programs, please visit the company’s Web site at http://www.nextstudent.com/.

This entry was posted on Sunday, July 23rd, 2006 at 10:20 pm and is filed under Education, Student Loan. Tags: College, Education, Financial Aid, Loans, Scholarship, Student, Student Loan. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.