Print

Education >> Browse Articles >> Education in Law Enforcement

+2

The Skinny on Student Loans

An education loan is a form of financial aid that must be repaid, with interest. Federal law sets the maximum interest rates and fees lenders may charge for federally guaranteed loans, and nothing prevents a lender from charging lower fees.

Find a school that will get you ready for a career in law enforcement.

Here are three types of education loans:

Federal Student Loans

Many students rely on federal government loans to finance their educations. These loans have low interest rates and do not require credit checks or collateral. Student loans also provide a variety of deferment options and extended repayment terms. Student loans include the Federal Stafford and Federal Perkins Loans. For more information:

- Free application for federal student aid

Private Loans

Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its programs. Private loans are offered by private lenders, and there are no federal forms to complete. Eligibility for private student loans often depends on your credit score.

Loan Consolidation

Consolidation loans combine several education loans into one bigger loan from a single lender, which is then used to pay off the balances on the other loans. It is very similar to refinancing a mortgage. Consolidation loans are available for most federal loans, including FFELP (Stafford, PLUS and SLS), FISL, Perkins, Health Professional Student Loans, NSL, HEAL, Guaranteed Student Loans and Direct loans. Some lenders offer private consolidation loans for private education loans as well. For more information:

- FinAid’s page of common questions about consolidation

Find a school that will get you ready for a career in law enforcement.


+2
PoliceLink School Finder

Save time in your search for a criminal justice degree program. Use PoliceLink's School Finder to locate schools online and in your area.

Get Info

* In the event that we cannot find a program from one of our partner schools that matches your specific area of interest, we may show schools with similar or unrelated programs.

Recent Activity

Photo_user_blank_big
darinjowers commented on: "darin jowers", 22 minutes ago.
Gods_team_max30
IowaNinersFan submitted the article: "Stanfield pair arrested in man's shooting death", about 1 hour ago.
Gods_team_max30
IowaNinersFan gave a thumbs down to The Article "NOPD officer suspended, charged with sex crimes", about 1 hour ago.
Gods_team_max30
IowaNinersFan gave a thumbs up to The Article "Three men charged in $25,000 vandalism spree in Roselle", about 1 hour ago.