Capital BG Services

Need a student loan? Getting a private student loan can be more beneficial then getting a federal student loan. Some of the differences between private and federal student loans:

• Borrow up to 100% of the cost of education
• Can borrow money towards living expenses, books and computers as well as tuition
• Not required to fill out a FAFSA
• Interest rates may be lower based on certain qualifications
• Interest rate may be higher based on certain factors
• Credit check is required
• Not regulated by the government

Federal loans have a price ceiling. The Federal Perkins Student Loan allows you to borrow up to $6,000, the Stafford Loan allows you $5,500 a year and the PLUS loan can go higher. With college tuition on the rise it can cost a lot more per year to pay for your tuition, and if you are an out of state student you can be in real financial trouble.

Private student loans can allow you to avoid this entire situation. They can pay for the entire cost of your college education. This can include out of state tuition, studying abroad, cost of living, and the expensive hassle of book buying before each semester. You can get a private student loan that covers all of these costs. A private student loan is a good option for someone who is serious about their education but my not be able to get enough scholarships and grants to afford their college education. If you want to finance your college education your best bet is to get a student loan from CapitalBG.com.