Student Loan People ..... An Education Loan One Stop Solution
It was a time when it was believed that education is for those who belong to blue blooded families. But with the passage of time the illusion gradually disappeared and people started to believe that even people who don’t have enough money can opt for higher education after finishing some school or college education. This can be considered to be a social revolution that has been ushered in by the concept of education loan mechanism.
There are many organizations that are extending this valuable service to the student community. What you need is appetite to learn and serious effort towards studies. And money matters are taken care of by the financing organization. This education loan service has emerged as a boon to the students from the unprivileged section of the society. Student Loan People is one such effort that has revolutionized the concept of student education loan.
The Student Loan People is one such endeavor. It was formed in 1978 by Kentucky General Assembly. The Student Loan People was formed as an independent municipal corporation. The primary objective of the initiative is providing low cost education loans to deserving candidates. They started with the mission of not only to provide loan but also provide supplementary services like financing loans, servicing it, proper dissemination of information loans etc.
The Student Loan People is a great source of education financing as a student can approach Kentucky Advantage Education Loan once he has used up his scholarships and grants and is in need of additional money to carry on his course. Generally it offers fixed rate based loans depending upon the type of product you opt for.
Advantages of the Student Loan People:
Eligibility Criteria:
In case of any problem in making the payment due to some genuine issue there are many schemes of deferment of payment e.g. temporary or total disability, Summer Bridge, unemployment etc.
There are many organizations that are extending this valuable service to the student community. What you need is appetite to learn and serious effort towards studies. And money matters are taken care of by the financing organization. This education loan service has emerged as a boon to the students from the unprivileged section of the society. Student Loan People is one such effort that has revolutionized the concept of student education loan.
The Student Loan People is one such endeavor. It was formed in 1978 by Kentucky General Assembly. The Student Loan People was formed as an independent municipal corporation. The primary objective of the initiative is providing low cost education loans to deserving candidates. They started with the mission of not only to provide loan but also provide supplementary services like financing loans, servicing it, proper dissemination of information loans etc.
The Student Loan People is a great source of education financing as a student can approach Kentucky Advantage Education Loan once he has used up his scholarships and grants and is in need of additional money to carry on his course. Generally it offers fixed rate based loans depending upon the type of product you opt for.
Advantages of the Student Loan People:
- If you die or become partially or permanently disabled, you and the co-signer are relieved of the loan repayment.
- Minimum loan amount is as low as $1000 up to aggregate loan amount of $ 75000
- Your loan is financed by Kentucky agency which is a non-profit seeking body
- Pre-Payment facility is available and there is no penalty on such prepayment. The loan is generally allowed to be repaid within a period of 10 years. However, if the loan amount is more than $10000, on request the repayment period can be deferred by 5 more years; eventually you get 15 years to repay the loan.
Eligibility Criteria:
- You must be a Kentucky resident and registered in an eligible school anywhere
- If you are a non-resident in Kentucky, you have to take admission to some eligible Kentucky school
- You must be 18 years or more
- You need to be a US citizen or must have residency card
- You and your co-signer should have a good credit history
In case of any problem in making the payment due to some genuine issue there are many schemes of deferment of payment e.g. temporary or total disability, Summer Bridge, unemployment etc.
