The AccessMyLoan web site is a great resource for information on planning for college, applying for financial aid, and managing student loans. We want you to succeed. whoever you are. That's why we offer easy student loan programs to help families pay for college. In addition to that, we offer student loans with the best interest rates even if you have had bad credit, credit problems, or no credit in the past.

Types of Student Loans

Subsidized Student Loan: This loan is awarded based on the student's financial need and other specific eligibility requirements. Click here to check if you qualify.

Unsubsidized Student Loan: This loan is not based on the student's financial need, but students must also meet specific eligibility requirements. Interest is charged throughout the life of the loan. Click here to for the unsubsidized student loan.

Stafford Loans: These loans are a major form of self-help aid for students and can be subsidized or unsubsidized. Depending on the school you attend, your Stafford Loans may be made either through the Direct Loan Program or through the FFEL Program.

Federal Perkins Loan: It is a fixed rate, low-interest (5 percent) loan awarded on the basis of financial need. The borrower is not charged an origination fee. Funds are limited.

Federal Direct Parent Loan: This is Undergraduate Students (PLUS) is not based on financial need and is limited to a parent borrower for a dependent student.

Private Lender Student Loans: Alternative loans are private (non-federal) loans. Unlike the previously mentioned loans, you are not considered for these loans when you complete the FAFSA. The terms vary widely as do the eligibility criteria.

Benefits of Student Loan:

	Low interest rates.
	Deferred payment - loans are not repaid until 6-9 months post-graduation
	and can be repaid over as many as 30 years.
	Source of "good" debt, which can increase your credit when paid fully and
	on time.
	Financial aid can be used toward all education costs including room and
	board, school related travel, books, and other education necessities
	The interest rate on a federal loan will never go above eight percent.
	Interest rates on student loan have dropped significantly in the last year allowing borrowers to consolidate and lock in fixed rates as low as 2.875 percent. Locking in low interest rates protects from rate increases for the life of the student loan.

Advantages of Student Loan Consolidation:

	Lower student loan monthly payments as much as 50 percent.
	Lock into a low fixed interest rate for the life of the loan.
	Remain eligible for deferment and forbearance.