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Do banks offer student loans with bad credit

Do banks offer student loans with bad credit

To read the whole article, visit: <br />http://getstudentloanswithbadcredit.com/do-banks-offer-student-loans-with-bad-credit/ <br /><br />Do Banks Offer Student Loans With Bad Credit? <br /><br />If you are one of those students with a bad credit history you are wondering whether there are banks offering student loans with bad credit. <br /><br />Student loans with bad credit are a solution for post-recession people who need more education. <br /><br />The recent cost of attending college has risen dramatically, accompanied with a tough economic climate all leading to a financial disaster to many students. Furthermore well-paying jobs demand for a college degree. All this added together are placing students as well as parents in a very difficult situation, bearing in mind that getting a higher education is becoming a luxury. <br />Do banks offer student loans with bad credit? <br /><br />Well, there are a number of loans currently available for student but come with very strict terms and conditions where they extensively check on the student’s financial history. These institutions offering loans also require students to have an established credit and to be stable. However, that is not the end of the road, there are bad credit private students loans offered by various private lenders to assist students in turning their dream of a higher education degree into reality. Private student loans with bad credit are much easier and simple to apply for. <br /><br />To read the whole article, visit: <br />http://getstudentloanswithbadcredit.com/do-banks-offer-student-loans-with-bad-credit/

Loan Program Plans to Offer Students Prepaid Bank Cards

Loan Program Plans to Offer Students Prepaid Bank Cards

Loan Program Plans to Offer Students Prepaid Bank Cards<br />“In the absence of strict oversight and safeguards,” they wrote, “these card programs can leave students and taxpayers vulnerable to exploitation.”<br />And while the solicitation from the Office of Federal Student Aid, known as F. S.A., lays out several restrictions for the financial services providers<br />that will ultimately run the program, it also explicitly states how they stand to benefit: The payment card, the document reads, “will be the first step in exploring a new, meaningful way to build a stronger, lifetime relationship with F. S.A.’s customers.”<br />That language set off alarms for consumer advocates, who said the department was offering banks<br />and card issuers an opportunity to lure in customers while they were young, while pushing the boundaries of what a federal student aid office should be.<br />The department said students at schools in the program would still be able to receive their money through existing methods — paper checks<br />and direct deposit into their bank account or onto another prepaid card — if their schools offered those options<br />The card, for instance, would be a feature within the myStudentAid mobile app, which would allow students<br />and their parents to complete federal aid applications from a phone and gain access to information about their loans, among other things, according to the document, which was prepared to solicit bids from banks and financial services providers.<br />Dr. Johnson — a former chief executive officer of First Performance, a card payments company — said students wouldn’t<br />be asked to provide a one-time blanket permission to be sent solicitations, but instead would be asked case by case.<br />The Office of Federal Student Aid — the arm of the Education Department<br />that oversees more than $1.3 trillion in student loans — said it expected to introduce the pilot program as early as late spring.

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