Considering The Astrive Student Loan
Obtaining a great college education is something everyone wants, but not everyone knows exactly how they can pay for it. One of the newest options for students is to apply for the Astrive student loan. This student loan can have you taking college courses before you know it.
What Is It?
With the Astrive student loan the minimum amount you are allowed to borrow is $1,500 per year. The maximum amount for an Astrive student loan is $40,000 per year. The total lifetime limit that is allowed is $130,000. You don't have to worry about paying any out of pocket fees with an Astrive student loan.
When it comes to repaying your Astrive student loan you have three options. The first option is to pay back the full amount after graduation, but for this repayment schedule you need to be at least a half time student in order to be eligible. The second option is to pay interest only payments, you also have to be at least half time for this option. Finally the best option is to start paying the loan back right away which helps you to get lower interest payments.
Twenty years is the maximum amount of time you have to pay back your Astrive student loan. Each monthly payment is a minimum of twenty-five dollars. Depending on the type of loan and your credit history your interest rate will vary. If you make an early payment there is no penalty and in fact it is encouraged.
The qualifications for an Astrive student loan is that you must be a United States citizen or have at least lived in the country two years. You need to be at least seventeen years old and have a cosigner. For at least two years you need to have been employed at the same place. Lastly you need at least twenty-one months of established credit history.
How To Get Approval
Having a cosigner is the easiest way to get approval for an Astrive student loan. You can get a good credit line with a cosigner even if you have poor credit history or haven't yet established your credit history. This means you can have lower rates and fees. Also with a cosigner you can shorten the amount of time that it takes to receive your loan. With a cosigner you can get your loan amount in as little as five business days. Just provide the name of the school that you are attending and your status when you apply for your Astrive student loan.
