Arizona student loans are available to provide opportunities to those who otherwise would be unable to afford the cost of a higher education within the state of Arizona.

There are so many things to do in Arizona, especially outdoors, that nature lovers are often drawn to the state to attend college. In fact, many residents choose not to travel to another state to go to school and pursue a degree right within the state. However, just like any other school in the country, the colleges and universities in Arizona are not exactly inexpensive to attend. At the same time, Arizona student loans are available to provide opportunities to those who otherwise would be unable to afford the cost of a higher education within the state of Arizona.

Today, the Arizona Higher Education Loan Authority is the non-profit provider of student loans for the state, with access to tax-exempt funding that can assist the agency in passing on state savings to the borrower through the removal of loan fees and reduction of interest rates. The state can therefore provide long-term, low-interest loans for students attending a college, university, or technical or vocational school within the state.

Aside from federal funding, you can also receive alternative student loans from institutions that partner with the state to provide those with approved credit the chance to finance their education at an interest rate far below the market rates applied to standard high-end loans. Many of these programs also offer incentives for on-time and direct withdrawal payments, including reductions in interest rates over time. When setting up your alternative loan, you'll find that you may be able to defer payment until after graduation or make interest only payments so that there is no financial burden on your shoulders as you complete your education.

Because you may have a number of federal, state, and private loans to help finance your education, the state also offers a Federal Consolidation Loan through the AHELA, which can take all of your student loans and wrap them into a single, lower interest package with one more manageable payment, helping to save your credit score by making the payments simple and affordable. Again, small cuts in interest rates may apply for direct withdrawal payments and/or on-time payments.