PHOENIX (PRWEB) July 14, 2006 -–
It is not too late for student borrowers to receive the funding needed for their fall semester tuition at graduate school. Phoenix-based NextStudent, a premier education funding company, offers federal Graduate PLUS Loans that will finance up to the full amount of graduate school at a rate as low as 8.25 percent.
NextStudent’s Graduate PLUS Loans can be taken out and distributed upfront or throughout the year. They have all the advantages of a PLUS loan but are directed to graduate students and their needs, with funds that go direct to the student or to the student’s college or university. In addition, graduate students are eligible for in-school deferments when they take out a Graduate PLUS Loan.
Student borrowers will find that NextStudent’s Graduate PLUS Loans are easily managed and convenient. They may be obtained regardless of a borrower’s income. With the funds students can borrow for the entire cost of their education, including tuition, books, housing, computers and lab fees.
The Graduate PLUS Loan features a variety of incentives and benefits that further help graduate students with their loans and repayment options.
When student borrowers sign up for Auto-Debit and pay their first on-time monthly payment, NextStudent pays a 3 percent cash rebate of the loan amount, as well as a cash rebate equal to 5 percent of the outstanding principal balance for student borrowers who complete their first 48 consecutive on-time monthly payments when they use Auto-Debit; and for those student borrowers making payments through Auto-Debit, a .25 percent rate reduction is available.
Benefits of NextStudent’s Graduate PLUS Loan program include:
- Generous borrowing limits
- Quick and easy online application process. Also available is a “second look” for borrowers who at first are denied due to unresolved credit issues.
- The PLUS Credit Resolution Team at NextStudent. The team has an 87 percent rate of success at resolving borrowers’ credit issues. Corrected problems then result in funded Graduate PLUS loans.
- Various repayment options, including deferred repayment when students are enrolled at least half time. In addition, there are no prepayment penalties and the loans are eligible for student loan consolidation.
There now is a choice for students who want to further their education through graduate school. NextStudent’s Graduate PLUS Loan program offers great low rates and incentives and benefits that cannot be beat. The fall semester is weeks away, but NextStudent can help student borrowers get the funds they need to start on the right track.
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/.
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