Five Things to Know About Your Student Loans

The following post provides information on student loans, in case you need to get some or you will be paying some back.

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Five Things to Know About Your Student Loans

Financial plan for students – How to fund education smartly

A student loan bag. Photo courtesy of Shutterstock.

Student debt is growing by leaps and bounds. This is breaking past all records previously held by other lines of credit. For the first time in the history of US, student debt surpassed credit card debt in 2010 and then it overtook auto loans in 2011. Finally, the Consumer Protection Bureau had to admit this March 2012 that student debt has swelled over $1 trillion mark. Therefore, students need to plan their finances to pay for their college fees since the debt relief programs provided by the government are very tough to qualify. Continue Reading

Is a Debt Consolidation Loan Right For You?

The struggling economy has made things tough all over, especially for recent college graduates. Besides regular expenses like rent, utilities and groceries, they have thousands of dollars to repay for student loans. Add credit card debt to the mix and it’s easy to see how someone could feel overwhelmed. A debt consolidation loan, like the ones offered by Bills.com, might be just what they need to help them pay all their bills off faster.
Anyone can lose track of his spending and end up in debt. Credit counseling services are great and they can help with lowering the amount owed to each creditor, but college students and recent college graduates often have limited funds so this option isn’t really good for them. A debt consolidation loan through Bills.com pays all creditors, then the borrower only makes one payment on one bill, instead of having the payment divided evenly between several bills.
Getting out of debt in these tough economic times could be challenging. College students and recent college graduates don’t usually own homes so refinancing a mortgage isn’t an option. And bankruptcy should be seen as an absolute last resort. Bills.com explains all the bill consolidation options available, they offer advice on what should be considered before deciding to get a debt consolidation loan, and they give free quotes online.

How To Get The Best Student Loan Consolidation Rates?

Do you have lots of different students loans, and are slowly going crazy trying to remember when they’re all due and how much you need to pay? If so, then consolidating your student loans into one loan will make your life a lot easier. But before you sign a loan contract, make sure you shop around for the best interest rate you can get.
One of the most important things you can do in order to get a good interest rate is to have good credit. This sounds very simple, but plenty of people go loan shopping without even knowing what their FICO score is. Continue reading about the best student loan consolidation rates …
Article by, Inspiron and courtesy of Student Loan Consolidation Rebate

Finding a Reputable Student Loan Consolidation Lender

A typical consolidation loan designed to deal with student loans combines several student or parent loans for students into one comprehensive loan from one single lender. Consolidation loans are available for most federal student loans including FFELP (Stafford, PLUS and SLS), FISL, Perkins, NSL, HEAL, Guaranteed Student Loans and Direct loans. Generally, a person can end up saving money on the interest rate associated with a consolidated student loan. The interest rate is computed on a consolidation loan by weighing the average of all the existing interest rates on the student or parent loans that currently are in place. The consolidated student loan will be capped at 8.25% and will also be rounded up to the nearest 1/8 of a percent. While you can save money on the consolidated rate in some instances, you do need to keep in mind that the weighted average actually may not change the underlying interested cost of the loan overall because it actually is the average of the interest rates for the overall loan balance of the individual existing loans. Continue reading about how to find a reputable lender …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate

Questions To Ask Before You Consolidate Your Student Loans

Federal apprentice accommodation alliance is a chargeless federal affairs that allows anyone with outstanding federal apprentice accommodation debt to amalgamate their loans, extend their claim term, and lock in their absorption rate. The agreement and altitude on all federal apprentice accommodation consolidations are set by the U.S. Department of Education, acceptation that all federal apprentice accommodation consolidations are, at atomic initially, created equal. There are no accommodation penalties or fees, and every lender has to action the aforementioned federal abstinence and adjournment options and the aforementioned antecedent circumscribed absorption rate. This bulk is based on a abounding boilerplate of the absorption ante of all the outstanding apprentice loans angled to the abutting 1/8th percent.
So, if every lender is alms the aforementioned federal agreement and conditions, and every circumscribed accommodation will accept the aforementioned antecedent rate, what’s the aberration amid alliance lenders? The aberration amid lenders is in the borrower allowances that are offered. These differences can be appealing substantial, and by allurement the appropriate questions, acute borrowers can get the best accord on their federal apprentice alliance loan. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate

Student Consolidation Loans- New Low Rates

Some online lenders are now offering lower interest rates on student consolidation loans. Some of these lenders are offering to take an additional 1.25% off the federal governments already low 7.5%. This could add up to a great savings for anyone who may be considering refinancing their student loans right now.
Loan consolidation is the process of combining multiple student loans into one new loan. Most federal student loans can be consolidated. Fortunately, consolidation can occur while you are still in school, during your grace period, or when repaying your loans. However, you can only consolidate your student loans once. It’s crucial to have a thorough understanding of student funding options in order to make smart financial decisions that will inevitably have a long-term impact and benefits. Consumers must choose experienced, trust-worthy loan consolidation specialists that can answer all questions and equip families with up-to-date information on current interest rates, as well as rates over time. Be sure to read all fine print; there are no fees associated with consolidation, go somewhere else if a lender requires fees. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate

Student Loan Consolidation – Escape to a Debt Free Future

After a certain stage, student loan consolidation becomes a necessity for students who complete their studies with the help of loans. It is a reality that once you start taking loans, you become dependent upon loans, and for every little need, you start looking towards a new loan for respite. This happens in most of the cases. You start earning the moment you start working and it could be as early as your high school but you at the study stage you can only get part time jobs that are not very highly paid. You can only get a stable job after completing your studies; until then, every student, even after repaying small amounts through meager earnings, usually accumulates a huge amount of debt impossible to erase with starting salaries along with household expenses. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate

Understanding Student Loan Consolidation Interest Rates and Rules

Provided By: Associated Content, Inc.
The number of student loans requested from the United States Department of Education has increased in recent years due to the rising costs associated with receiving a quality university education.The expenses of tuition, housing, books and other fees have overwhelmed many average families. To cope with the cost of higher education, many students have accepted student loans from the government. These loans are usually enough to get them through school, but soon after graduation they have to start paying them back. Continue reading …
Original article by, Buyln and courtesy of Associated Content, Inc.

Information about Student Loan Consolidation Rebate

Student loan consolidation rebates are usually given by a private company when student loans are consolidated equaling more than $20,000. The more student loans consolidation, the higher the student loan consolidation rebate. This is usually a percentage of the principal loan balance that is either applied to the outstanding loan or sent to the borrower as a cash payment. This can be a very attractive offer, especially when in the form of a cash payment to the borrower. Continue reading …
Article by, Athlon and courtesy of Student Loan Consolidation Rebate