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A: Emergency college loans are those loans that you might need instantly for an unforeseen event that took place, and left you in need for financial assistance. In case of such a situation, students need to consult their institute's financial aid office and communicate the need. The institute may need documents that verify the need. Other than that private sources can also be checked. nix payday loans Even though online payday loan websites have become the most common source of payday loans, you can still find payday loan stores in many parts of the US these days. To be eligible for a payday loan from most lenders, you will need to be 18 years of age or older, with a full time job and an active bank account. With the canceling of the Federal Family Education Loan Program in 2010, all Federally guaranteed student loans reverted back to the U.S Department of Education. Federally funded student loans are now administered through the William D. Ford Federal Direct Loan Program. Federal education loans offer students a distinct advantage over private lender loans in that they offer more attractive interest rates, more flexible repayment plans, and require no collateral for approval.
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