Education Loan

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Dictionary Says

Definition of 'Education Loan'

Money borrowed to finance education or school related expenses. Payments are often deferred while in school and for a six-month grace period after graduation. Sallie Mae is the largest source of education loans and handles the two major types, the Stafford loan and the Perkins loan. One of the major benefits of these types of loans is that they come with low interest rates and do not require collateral or a credit check.




Investopedia Says

Investopedia explains 'Education Loan'

Sallie Mae acts as a secondary market for student loans. The money from a Sallie Mae loan is not actually lent to the student or their parents by the government. Once the loan has been completed, the lender will then sell the loan back to Sallie Mae in order to free up their funds to help additional students.




Search results for

'Education Loan'

  • Fund Your Schooling With PLUS Loans

    http://www.investopedia.com/articles/younginvestors/11/plus-loans.asp
    ... program. Prior to this date funding was under the Federal Family Education
    Loan (FFEL) program and came from private lenders. (For ...

  • Higher Education - Bubble, Closed Society Or Free Market? ...

    http://financialedge.investopedia.com/financial-edge/0811/Higher-Education---Bubble-Closed-Society-Or-Free-Market.aspx
    ... that more and more students have to sign on for loans in order to afford their
    education. A few schools here and there have tried "no loan" guarantees before ...

  • The Correlation Between Education And The Economy - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0911/The-Correlation-Between-Education-And-The-Economy.aspx
    ... The Correlation Between Education And The Economy. Posted: September 7 ... level.
    TUTORIAL: Education Savings Account. Unscientific Testing ...

  • College Loans: Private Vs. Federal

    http://www.investopedia.com/articles/younginvestors/09/private-or-federal-student-loans.asp
    ... Stafford subsidized Federal Family Education Loan (FFEL); Stafford unsubsidized
    FFEL. The primary difference between Stafford Direct ...

  • College Education Cliches: Fact Or Fiction? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/College-Education-Cliches-Fact-Or-Fiction.aspx
    ... However, it's easier than ever to continue your education now that so many schools ...
    Just ask the former students who have loan payments as large as house payments ...

  • Your Kid's College Loan: Who Should Foot The Bill?

    http://www.investopedia.com/articles/pf/10/federal-student-loans.asp
    ... If you could afford it, you'd pay for your kid's future education expenses and not ...
    What are the federal student loan options for both parents and students for ...

  • Getting A Loan Without Your Parents

    http://www.investopedia.com/articles/younginvestors/07/loans.asp
    ... is expensive. Be it an education, a home or a car, sometimes a loan is
    the only option to get a hold of a big-ticket item. As a ...

  • Student Borrowing: University Payment Plans Vs. Federal Student ...

    http://www.investopedia.com/articles/younginvestors/11/university-payment-plans-vs-student-loans.asp
    ... Borrowing for education is not a bad idea if you are confident you can pay it back. ...
    (For more on estimating student loan affordability, see Student Loans: What ...

  • Student Loan Rules You Should Know About - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/Student-Loan-Rules-You-Should-Know-About.aspx
    ... companies know how difficult it is to keep track of who owns the loan and the ... to
    fill out the FAFSA form so that it is easier for you to fund your education. ...

  • Student Loan Debt: Is Consolidation The Answer?

    http://www.investopedia.com/articles/younginvestors/09/consolidate-student-loans.asp
    ... may be better than college saving funds, check out Pay For A College Education With
    Retirement Funds.) Each lender has its own minimum loan balance necessary ...

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