Hassles Free Education Loan from Bremer Education Loan
What is Bremer?
Bremer is a financial money lending organization that provides student loans to the needy students. It has its branches in Wisconsin, Minnesota and South Dakota. The organization provides both Federal Loan as well as private loans to make higher education affordable and accessible to everyone. The Federal loan is approved by the US government and the Private loan is provided alternatively by Bremer. The federal loan is low interest loan and covers the basic educational expenses. The Private loans on the other hand is covers all the expenses that are not covered under the federal loan. The interest rate charged for the private student loan is little higher than that of federal loan.
What are the different Federal loans offered by Bremer?
The different federal loans offered by Bremer are:
- Stafford Loan: This loan is the best suited loan when it comes to avail the student loan. The loan is meant for both graduates as well as undergraduates. The loan is either subsidized or unsubsidized. The loan is made directly available to the students
- Parent Plus loan: this loan is made available to the parents of the student who are enrolled in the college or any professional institution. This loan is based on good credit scores.
- Graduate Plus loan: this is a very low interest loan that covers all the major expenses of the students. The loan is made available to both the graduate as well as the undergraduate students.
What are the main features of the Federal Loan?
The main features of federal loan are:
- Low interest loan
- The rate of interest is fixed at 6.8%
- There is no pre payment penalties
- No credit check is required
What kind of private student loan is offered by Bremer?
Many a times, the federal loans are not sufficient to cover the educational expenses of the students. To get rid of such problem, Bremer also provides Private loans to bear those expenses that are not covered under the federal loan like purchase of laptop, books, paying for the transportation expenses etc. the maximum amount of loan that you can take is the cost of the total education minus financial aid received.
What are the main features of the Private Student Loan offered by Bremer?
The main features of Private Student loan are:
- Covers all the educational expenses
- No credit check is required
- The repayment is fixed at 25 years
- There is no need to put anything valuable as collateral
What are the eligibility criteria to avail the student loan?
In order to avail the loan, the students would need to fulfill certain eligibility criteria. The students’ age must be more than 18 years of age and the student must be a citizen of USA. She/he has to be enrolled in a certified college or professional school either full time or part time basis.
Financial Institutions
- Nelnet
- Panhandle Plains
- Regions Bank
- Sallie Mae
- SLFC (Student Loan Finance Corporation)
- Suntrust
- US Bank
- Wells Fargo
- Xpress
- Zions Bank