A student loan is a money borrowed from the government or a private lender to pay for college, including tuition, rooms or boarding, books, and other school fees. The loan has to be paid back later, along with an interest that sums up over time. 

Two (2) Types of Student Loans

1. Student Loans

• Direct Subsidized Loan – The government pays the interest until you start paying the loans back.
• Direct Unsubsidized Loan – The government doesn’t cover the interest. The interest starts from the minute the school gets the loan money.
• Direct PLUS Loans – Loans that parents can take out for the dependent students or graduate students that can take out for themselves.

2. Private Student Loans

All you need to know about private student loans is that they are more expensive and have higher interest rates than federal loans. Usually, the student has to start making monthly payments while they are still studying.

Student Loan Repayment Options

Federal Student Loans

• Graduated Repayment Plans
• Extended Repayment Plans
• Income-Based Repayment Plans
• Income-Contingent Repayment Plans
• Income-Sensitive Repayment Plans

Private Student Loans

You will pay a set amount each month that is a combination of principal payment and interest in a specific amount of time.

DocuPrep Xpress: A Leader in the Student Loan Industry

DocuPrep Xpress documentation preparation services are available to clients who seek professional and reliable guidance regarding document processing for both student loan forgiveness and student loan consolidation. Our advisors guide our clients through a step-by-step process to ensure documentation is processed in a timely and efficient manner. You have nothing to worry about because we have a fully certified and professional team of fee-based financial advisors who will give you details on everything regarding the whole process and take care of all your document preparation needs. They will educate you on the full process along the way and answer any questions or concerns you may have.

Today, countless borrowers used our DocuPrep Study Loans application preparation and tracking services to reduce or consolidate their federal student loans. We have been trusted and relied on for years because we always deliver a smooth, comprehensive, and seamless process like no other. Also, we monitor and keep our clients updated on the progress of their student loan consolidation status from the start until the end. So, let DocuPrep Xpress handle all the confusing paperwork for you! 

We are also known best at servicing your student loan getting out of default! Contact us today for more information or to book your service consultation!