OneSimpleLoan®, an Oldsmar, FL-based national student loan finance and consulting firm, today launched a toll-free student loan Consolidation Helpline, 1-888-MyStuLoans (1-888-697-8856), for student loan borrowers seeking help with consolidating their student loans, just in time for the industry’s annual July 1st rate change.

This is a superb opportunity for student loan borrowers and their parents to obtain straightforward clarity on available student loan consolidation options, especially prior to the July 1st rate increase.

OneSimpleLoan®, an Oldsmar, FL-based national student loan finance and consulting firm, today launched a toll-free student loan Consolidation Helpline, 1-888-MyStuLoans (1-888-697-8856), for student loan borrowers seeking help with consolidating their student loans, just in time for the industry’s annual July 1st rate change.

“We recognize that most student loan borrowers are inundated at certain times of the year with direct mail and telephone calls touting many different offers. This is especially true now, just prior to the annual July 1st rate change,” notes Paul J. Simino, President and CEO of OneSimpleLoan. “The purpose of the 1-888-MyStuLoans helpline is to offer borrowers straight facts about consolidation, without resorting to hype or gimmicks laden with ‘fine print.’ If borrowers have received other offers, we invite them to call the Consolidation Helpline to help them make sense of it all.”

OneSimpleLoan gained national attention last year after filing a lawsuit against the U.S. Department of Education seeking to compel the agency to revoke a ruling that negatively affected student loan borrowers’ freedom of choice. The ruling ultimately resulted in the repeal of the single lender rule.

The 1-888-MyStuHotline is open during extended business hours, including late evenings and Saturdays. Borrowers can view additional information about the Consolidation Helpline at chooseit.onesimpleloan.com.

Posted by OneSimpleLoan on June 19, 2007 at 8:34 PM | Leave a Comment (0)

Interest rates for student loan consolidation will go up a whole eight (8) basis points effective mindmight, June 30, 2007.

Notice we said basis points, which means .08. While that may not sound like much, it still means that if you don't consolidate now while you can, your interest rate will go up on July 1st.

Frankly, why give any money away if you don't have to, no matter how little it may be?

In addition, don't overlook the value of consolidating during your grace period, which is the 6 months right after you separate or graduate from college. Consolidation during grace period means you can earn another .60% interest rate reduction over the life of the loan. Now that can add up to several thousand dollars!

To answer the question, yes, July 1st a big deal. Because no matter how you look at it, the federal consolidation program is a boon to student loan borrowers So don't leave money on the table; consolidate your student loans now, if you can!

Posted by OneSimpleLoan on June 8, 2007 at 8:13 PM | Leave a Comment (0)

With the rising cost of education, many students rely on loans to help finance their education. While student loans are a good option for those in need of financial assistance, it can also create an overwhelming amount of debt.

After graduation, students not only face the pressure of finding the perfect job, they also begin to fully realize the financial burden of their student loans. Regardless of whether or not they finish their education or find a job after college, their loans must be repaid.

Over 3,100 CollegeRecruiter.com Network users were asked "Do you still have student loans that you are paying off?" More than 33 percent said they are still paying off student loans, while the remaining respondents reported they do not have any student loans.

Of the respondents with student loans, nearly 47 percent owe between $10,000 and $25,000, 31.69 percent owe $25,000 to $50,000, 19.06 percent owe more than $50,000, and only 2.36 percent owe less than $10,000.

Although it can be intimidating to begin your professional life with a significant financial burden, here are a few tips to help effectively manage your student loans:

• Pay off as much as possible during the six or nine month grace period – it goes directly to the loan’s principal before interest starts accruing.
  
• Consolidate loans into one simple payment which can many times lower interest rates.
  
• Set a budget and stick to it.
  
• Research education-related tax credits and deductions.
  
• Sign up for direct withdrawal to ensure loan payments are on time.
  
• Strive to pay above the minimum loan payment.
  

-- Article courtesy of Beyond.com.

Posted by Steven Rothberg, CollegeRecruiter.com on June 6, 2007 at 11:19 AM | Leave a Comment (0)

It is always nice to see your clients doing well so I was thrilled to learn that Paul Simino is a finalist for the Ernst & Young Entrepreneur of the Year® 2007 Award in the Florida region. Paul is President & CEO of OneSimpleLoan®, a national student loan finance and consulting firm specializing in student loan consolidation.

According to Ernst & Young, the awards program was designed to recognize outstanding entrepreneurs on a regional, national and global level who are building and leading dynamic, growing businesses. Paul was selected as a finalist from nearly 100 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 21, 2007 at the Gaylord Palms Resort in Orlando.

In the four years since Paul founded OneSimpleLoan in 2003, the firm has grown from less than a dozen to more than 170+ employees and along the way has helped thousands of college students better manage their Federal student loan debt through consolidation.

Paul, the entire staff of CollegeRecruiter.com congratulates you on your remarkable success and wishes you and your team all the best. Kudos!

Posted by Steven Rothberg, CollegeRecruiter.com on June 4, 2007 at 5:30 PM | Leave a Comment (0)