Citibank Student Loans Overview

Citibank student loans are an efficient means of paying for your college expenses. Even when you have tapped out all of the other financial aid resources, you can rely on Citibank loans to help get you through college. In fact, you should only use private loans for such cases wherein all other financial aid options have been utilized to the fullest extent. It is only then that you should pursue a private loan if there is a large gap between your cost of attendance and the amount of federal grants and loans you have received.

You can get federal student loans through Citibank as well, which makes for a convenient way of keeping track of your finances, especially if you find you need more than one loan to make it through your education in one piece. Having all of your loans at one place makes budgeting easier and securing future funding easier. The Stafford Loan, PLUS Loan and Loan Consolidation are all available from Citibank as federal loan options.

Private Citibank Student Loans

Citibank student loans are a fantastic way for paying the difference on your college tuition. The main product offered by Citibank other than the federal subsidized and unsubsidized loans is the CitiAssist Loan. The CitiAssist Loan is available for all types of students including undergraduates, graduates, law students, medical students and even high school students.

Since many college students are just getting started in life, they will require a cosigner in order to get a loan with an affordable interest rate. Even so, you can begin your credit history off right by making timely payments when it comes time to begin repaying your loan.

Benefits of the CitiAssist Loan

The CitiAssist Loan by Citibank is beneficial in several ways especially when used to merely supplement other forms of financial aid. Some of these benefits include:

* Very low interest rates.

* The ability to apply online with immediate response.

* The ability to borrow up to the cost of tuition.

* You don’t have to make any payments while in school.

* You can borrow as little amount of money as you need.

* With consistent repayment, you can lower your interest by up to 0.75%.

You will, of course, be responsible for the interest that accrues on your principle while in school, but this is the case with all private loans. The good news is you can deduct up to $2,500 a year in interest from student loans on your taxes.

The key is keeping your eyes and ears open. You never know what might end up being the best way to pay for college.

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