SOURCE: NextStudent

January 12, 2007 12:45 ET

Year-Round Student Loans Available Through NextStudent

PHOENIX, AZ -- (MARKET WIRE) -- January 12, 2007 -- Phoenix-based NextStudent, a premier education funding company, offers Private Education Student Loans for students and parents that initially under-estimated the amount of funds they'll need to last out the 2006/2007 school year. These unsecured, credit-based student loans offer readily accessible funds throughout the year. Undergraduate and graduate students may secure private student loans in the beginning, middle or end of the semester, because there are no application deadlines, which is generally the case with federal student loans.

The borrowing limit on a NextStudent private student loan is set at a generous $40,000 annually or the calculated cost of attendance (lesser amount). Students may not need a co-signer to qualify for a NextStudent Private Student Loan, however, the student must be enrolled at least half-time at a TERI certified school. Also, the Private Student Loan Program at NextStudent allows borrowers to control the monies they receive by distributing funds directly to the borrower.

Re-payment does not begin on private student loans until six months following graduation, or when the student borrower drops to less than half-time enrollment status. Borrowers have up to 20 years to repay their student loan. However, borrowers also have a choice of different re-payment options that can save money. Student borrowers with balances of more than $40,000 may have their term extended to 25 years. The minimum loan payment is only $25 and interest payments may be tax deductible.

NextStudent makes college funding simple. The NextStudent Private Student Loan Program is an easy way for students to access the funds they need to optimize their education experience. Many applicants are approved in as little as 15 minutes and there no application fees or application deadlines applied to NextStudent's private student loans.

About NextStudent

NextStudent, federal lender code 834051, is dedicated to helping students and their families find affordable ways to pay for college. NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education finance products and services including a free online scholarship search engine, federally guaranteed parent and student loans, private student loans, both federal and private student loan consolidation programs, and college savings plans.

The NextStudent Scholarship Search Engine, one of the nation's oldest and largest scholarship search engines, is updated daily, available free of charge, completely private -- and represents 2.4 million scholarships worth $3.4 billion.

For more information about NextStudent and its student loan programs, please visit the company's Web site at http://www.nextstudent.com/.

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