An Astrive Student Loan - the Truth Behind it

Students who desire to pursue an excellent college education need worry no longer. The Astrive student loan takes the fear out of financing educational expenses. Obtaining this student loan is such a smooth process that the borrower will be sitting in class in no time!

The most efficient, effective way to complete the approval process is to find someone to co-sign a loan. Students who have bad credit ratings or have not yet established sufficient credit to seek loans will find it very helpful to have a co-signer. A co-signer with good credit can assist the borrower to get a lower interest rate and signing fees than he or she would otherwise experience. Persons who have good credit backing can be approved for these loans in only 5 working days. To qualify, students must provide the lender with the identity of the prospective institution. One important note is that only those who are attending school at least half-time are eligible for these loans.

Persons must borrow at least $1,500, but no more than, $40,000 each year. No individual can borrow more than a lifetime total of $130,000. There are no hidden costs associated with these loans. There are three acceptable methods for repaying the Astrive Student Loan. First, the borrower may repay the full amount after college graduation, provided he or she maintains at least half-time status during the entire educational experience. Another option is to pay only the interest on the loan while attending school. This also requires students to maintain at least half-time status. The third alternative is to begin repaying the loan immediately, and incur lower interest payments. This choice, if it is feasible for the student, is the most cost-effective repayment plan.

The loan must be repaid within 20 years. A minimum payment of $25.00 must be made each month. Early repayment is strongly encouraged, and no penalties exist for early repayment. These loans offer a variable interest rate. Only a few criteria are required for eligibility for an Astrive student loan. The borrower must be a citizen of the United States or have lived in the country for at least two years. The prospective student must be at least 17 years of age and have someone willing to co-sign for him or her. The student must have maintained employment with the same company for at least two years. The last requirement is that the student must have had some form of credit established for at least 21 months prior to applying.