Through EdSouth, the choice student loan provider for the state of Florida, you can not only get lower interest rates on government loans but also receive reasonably manageable alternative loans.

Have you been searching for an affordable way to fund your college education as opposed to standard high interest loans from a personal bank or other lending institution? Where government funding options leave off and stick you with a remaining large sum to finance, Florida student loans can pick up. Through EdSouth, the choice student loan provider for the state of Florida, you can not only get lower interest rates on government loans but also receive reasonably manageable alternative loans.

EdSouth, who partners with EdAmerica, is the manager of state-funded Federal loan programs, such as the FFELP (which can be funded without lending fees or high interest rates through the state because tax exempt bonds are used). Of course, you'll also find specialized alternative loans to cover the costs that FFELP, Stafford, and other government loans don't.

The most common loan offered through EdAmerica for Florida students is the XtraCredit Alternative Loan, in most cases providing the entire additional amount of funding required to cover the cost of tuition and other college related fees after government funds are disbursed. In some cases, students may qualify to receive their own loan, but most students have little or no credit history and require a co-signer for the loan. However, including a co-borrower on the loan can help to reduce interest rates, and after a certain period of time in which all payments are made promptly, students may be able to take over the loan on their own.

Repayment of most alternative loans, like government loans, will be due after a grace period (usually six months) beyond graduation. On time payments or payments directly debited from your checking account can reduce the interest on your loan in most agreements, saving you money in the long run.

Upon completion of your degree, you may find that you have several loans to repay, each with different interest rates and due dates and a total of payments that is just not manageable. EdAmerica also offers Florida students consolidation loans, which will lump all loans into a single, low interest payment that is easily managed on your budget, allowing you to deal with only a single due date.