NextStudent Offers Private Student Loans to Help Subsidize Federal Student Aid for Undergraduates, Graduates

PHOENIX, AZ--(MARKET WIRE)--Nov 17, 2006 -- Phoenix-based NextStudent, a premier education funding company, offers a private student loan program for undergraduate and graduate students who have not yet applied for student loans or for those who have not received sufficient federal funds to cover the total costs of their education.
An annual maximum of $40,000 or the calculated cost of attendance (lesser amount) is available with a program maximum of $130,000. Private student loans are available for all education expenses, less any financial aid received, including tuition and fees, housing, supplies and computers. Additionally, NextStudent's private student loans have no application deadlines or fees and are available throughout the year. Preapproval often is available in minutes when student borrowers apply directly online with NextStudent's fast and easy application form.

NextStudent's Private Student Loan Program allows borrowers to control the monies they receive by distributing funds directly to the borrower. Qualification may be available with or without a co-signer. However, NextStudent approves more private student loans when there is a co-signer. There also are a variety of repayment options that can save money. In addition, interest payments could be tax-deductible.

Eligibility requirements for NextStudent's Undergraduate and Graduate Private Student Loan Programs require that students be enrolled at least half-time in a degree or certificate program at a TERI-approved school. The student loans can be used for distance learning and international students as well. TERI, The Education Resources Institute, is a nonprofit institution that guarantees all NextStudent private student loans.

ADVERTISEMENT

Student borrowers who need funds to make it through college or graduate school have the advantage of NextStudent's Private Student Loan Program to help them receive the education of their dreams. Repayment is on a 20-year payment plan. For those students with a cumulative balance of more than $40,000, the repayment term may be extended to 25 years. The minimum payment on private loans is $25.

NextStudent's Private Student Loan Program helps student borrowers receive the funds they need anytime during the year by eliminating the stress of application deadlines.

About NextStudent

NextStudent, 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/.