Consumer: College students or private school students and their parents, grandparents or guardians.
The purpose of a student loan is to pay the school for an education as required.
Pros: Higher education, even at State colleges now days, costs the proverbial arm and leg. It is rare that a student or a family can pay the tuition, buy the books, and pay for room and board without the need of a loan even if the student has scholarships that will help defray some of the costs. Even full scholarships do not cover all of the costs of a college education.
Sometimes families save from the time a child is born to be able to afford his college education but the cost of a college education keeps going up and up...it far exceeds just the usual rate of inflation for everything else so the savings rarely cover the cost.
At Loan Web student loans can be applied for as well as be consolidated into one loan and one lower monthly payment.
Cons: There are no particular cons associated with a student loaned obtained through Loan Web, but be sure to compare interest rates from several lenders.
Guarantee: There is no guarantee that a student will in fact obtain a loan after he or she makes application through Loan Web.
Value for money: A 6% interest rate on a student loan is a good value and since there is no penalty for early payment, if a student or parent finds a cheaper loan rate, they can take it.