About Astrive Student Loans

About Astrive Student Loans

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by Pauline Davies

If you are in need of supplemental money to help pay for college, Astrive student loans may be what you need in order to get the extra financing you require. Astrive student loans are private loans that were established to help cover the costs of schooling that are not paid for by the standard federally funded financial aid packages.

There are several ways that you can acquire Astrive student loans. Firstly, you can apply by yourself. In order to do this, you need to have an extremely good credit history that has matured for at least 26 months. This is typically hard for teens to meet, so the majority of individuals making use of Astrive student loans apply through a co-signer.

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A co-signer is someone with a good credit rating who is willing to vouch for you and take responsibility for your student loan. A co-signer must meet a certain list of criteria in order to be eligible.

There are several criteria that you must meet in order to be eligible for Astrive student loans. First, you must already know which college you want to attend. This is important, as Astrive must get in touch with the school and ask for information on the loan process for that particular college. On top of that, they will ensure that you will be attending that school, and set up the process of fund transfers from Astrive to the school.

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Astrive student loans function in a very similar way to how federally funded loans do. There is the same six month grace period associated with federal funding and a very similar application process. However, unlike federal funding, Astrive student loans are not bound by the same limitations that federal funds are.

Also, federal funding will only allow a certain maximum per student, while Astrive student loans are usually much more flexible. If your credit rating and history, as well as that of your co-signer, support a higher limit, you can receive the limit that you require. This is very useful for those students who are enrolled in famous higher education centers, as these schools are typically a great deal more expensive.

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However, just like most financial centers, but unlike federal funding, Astrive student loans applications can be refused for any reason they see fit. Those reasons may vary from economic downturns to the possibility that you may default on the loan. The higher the risk you represent, the more chance there is that your application will not be accepted.

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