Astrive Student Loans

By Pauline Davies

If you are in need of supplemental money to help cover the cost of college, Astrive student loans may be what you are looking for in order to get the extra financing you require. Astrive student loans are actually private loans that were set up to assist with the costs of your education that are not paid for by the standard federally funded financial aid packages.

There are a few ways that you can acquire Astrive student loans. Firstly, you can apply by yourself. In order to do so, you must have an extremely good credit history that has matured for no less than 26 months. This is typically difficult for teens to meet, so the majority of individuals making use of Astrive student loans apply with a co-signer.

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

There are several requirements that you must meet in order to be eligible for Astrive student loans. First, you must already know which college you are going to attend. This is important, as Astrive must contact the college and acquire information on the loan process for that specific school. On top of that, they will verify that you will be going to that college, and set up the process of fund transfers from Astrive to the school.

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 restricted by the same limitations that federal funds are.

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

Just like with most financial centers, but unlike federal funding, Astrive student loans applications can be rejected for any reason they like. The reasons may range from economic downturns to the possibility that you could not repay the loan. The higher the risk you are, the more chance there is that your application will not be accepted. - 31377

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