Memphis Student Loan Rates

After many years of putting it off, now is the time to re-enter the University of Memphis and complete your college degree. Originally you completed two years, but due to family circumstances you had to drop out to take care of business at home. Despite being several years later, your credits are still valid and you have secured a Memphis student loan rate within your means, so you can easily pick up where you left off.

Since you are a bit older and wiser than your first attempt at college, you were smart enough to comparison shop for student loan rates in Memphis with Memphis Banking Rates.

Getting a Student Loan in Memphis

Memphis student loans provide a big advantage to young lenders. Not only do they help you pay for college, but you get a credit boost as well. While payment may be deferred until your graduation, interest payments during the loan may help future lender see your dependability, making them more likely to lend you money in the future.

When you look for your student loan, look at both federal and personal loans. While federal loans will frequently provide better opportunities as far as interest rates and repayment, you may not qualify for them. Let Memphis Banking Rates help you find the right loan option for you.

Paying Back Student Loans in Memphis, TN

A nice feature of a student loan is that typically students or parents do not have to start paying back loans until after graduation. There are even many loans that allow graduates to defer payments for an even longer term after graduation in case they do not get jobs immediately or choose to continue their education for an advanced degree. Upon graduation, students can also look to consolidate their student loans by refinancing them into one loan at potentially lower student loan rates and lower their overall payment.
Learn more about student loan options.

10 Colleges to Finance with a Memphis Student Loan

If you plan on going to college, then also plan on paying a lot of money. The average liberal arts education costs around $100,000 for tuition alone. Schools like Harvard and Princeton charge around around $60,000 a year for tuition and fees. A Memphis student loan could help you finance your college experience. Memphis Banking Rates has put together a list of colleges in the Memphis area that you should consider attending.

1. Rhodes College – Located in a historic district near downtown Memphis, Rhodes College has a student population of 1,700. Expenses, including tuition, fees, room, and board, total around $42,000 per year. 85% of students receive some form of financial aid.

2. University of Tennessee – Although Memphis only holds the Health Science Center, part of the medical school, the main university campus is only a two and a half hour drive away in Knoxville. The Health Science Center offers degrees in Health Sciences, Dentistry, Medicine, Nursing, and Pharmacy. Undergraduate expenses add up to $22,000 per year, including room, board, and other fees.

3. Lemoyne-Owen College – A private and historically black institution, LOC was founded in 1968. The campus in located in South Memphis. Tuition costs and other fees equal $15,000 per year. 97% of their students receive financial aid.

4. Remington College – This school offers career and technical programs to its students, with both associate and bachelor degrees. Areas of study include nursing, business, and cosmetology with hands-on learning. Tuition costs are dependent on your program of study.

5. Baptist College – The Memphis campus concentrates on the health sciences. They offer seven specific health sciences undergraduate programs. Basic tuition is $314 per credit hour with an additional technology fee for each class. Housing fees are $900 for a double occupancy.

6. Victory University – Formerly Crichton College, Victory offers day, night, and online courses to help accommodate their students’ busy lives. The liberal arts college also focuses on bringing Christianity into the lives of its students. Classes are $325 per credit hour.

7. University of Memphis – Set in downtown Memphis, UM provides students with a lot of options as far as their education. With a total enrollment of 21,500, this UM charges $299 per credit hour for natives and $829 per credit hour for out-of-staters.

8. Union University – An hour and a half drive northeast of Memphis, Union University offers a private, liberal arts education to its students. The Princeton Review ranks Union among the top 141 schools in the southeast. Tuition adds up to $15,320 per semester, including tuition, room, board, and fees.

9. Christian Brothers University – Part of a Lasallian Community, CBU offers many opportunities to attend church or mass and increase your community service hours. . Tuition, room, and board add up to $27,500 per year.

10. All Saints Bible College – Founded in 2002, the All Saints Bible College is located at the international headquarters of The Church of God in Christ, near downtown Memphis. Tuition adds up to approximately $4,500 per year. The school offers areas of study in leadership studies, urban ministries, pastoral ministries, and bible education and teaching.

Once you choose which college is right for you, let Memphis Banking Rates help you find the best auto loan rates to help you finance your college education.