What is our service?

Today, the cost of living is going up both for basic necessities like gas and the once-in-a-lifetime opportunities offered by schools, colleges and universities. What is going to happen tomorrow? Costs will rise! To give yourself an edge in a difficult job market, you need education. But education is less affordable when credit is getting tighter.

We offer access to flexible, low-cost student loans to pay for tuition, your accommodation and general living expenses.

What do you need to do?

We know the process of getting into school, college or university can be stressful. Arranging for the money to pay for it all adds to those worries. We cannot eliminate natural anxiety, but we can make the process of applying for a student loan as painless as possible.

Our system for obtaining competitive quotes is completely free. Once you have given us basic details about yourself, you can see what loans are available and it does not cost you a cent.

But we need to be realistic. If you are young and your credit record is limited, borrowing in your own right is unlikely. At the very least, you will need someone to co-sign — remember that both you and your co-signer will have to go through a full credit check before the loan offer will be completed.

You can ask your parents or someone else with a good credit record to sponsor you. Remember that your parents can borrow for you in the Federal system. There are schemes such as PLUS (Parent Loan for Undergraduate Students). Your parents can also borrow for you through the private system.

If you already have loans, you may want a consolidated student loan where a single lender accepts all the loans from different sources in one package. This can produce better terms.

What should you look out for?

Whatever loan package you need, take the time to compare the quoted rates and terms. Pay particular attention to the annualized percentage rate (APR) and the arrangement fees so you can calculate the real cost of the loan both for monthly and deferred payment loans. If you are opting for monthly repayments, make sure you will have enough cash in hand to make those payments. An early default does not look good on your credit record. Finally, if you are going for a home equity loan, remember that your home may be at risk in a declining resale market if you or your family default on the loan.

Make a good choice on finance now and your education will set you up for a prosperous future!