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.

Posted by Candice Arnold on November 10, 2008 at 7:35 AM | Leave a Comment (0)

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

Posted by Candice Arnold on November 7, 2008 at 7:54 AM | Leave a Comment (1)

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

Posted by Candice Arnold on October 29, 2008 at 9:38 AM | Leave a Comment (0)

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

Posted by Candice Arnold on September 17, 2008 at 1:02 PM | Leave a Comment (0)

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

Posted by Candice Arnold on September 16, 2008 at 2:48 PM | Leave a Comment (0)

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

Posted by Candice Arnold on September 10, 2008 at 12:57 PM | Leave a Comment (0)

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.

Posted by Candice Arnold on September 9, 2008 at 10:14 AM | Leave a Comment (0)

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

Posted by Candice Arnold on September 3, 2008 at 12:54 PM | Leave a Comment (0)

One of the biggest financial decisions many college graduates face is whether they should consolidate their student loans or not. Consolidators promise lower interest rates, one easy payment, and financial flexibility. But, is it right for you?

Continue reading "Loan Consolidation" »

Posted by Sarah Ennenga on January 25, 2008 at 10:11 AM | Leave a Comment (0)

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.

Continue reading "1-888-MyStuLoans Consolidation Helpline Launched" »

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)

As seen in the news lately, student loans have a huge impact on young people’s lives. Finding the right loan or consolidation plan while being targeted by multiple lenders, not all of them honest, can lead even straight-A students to throw up their hands in confusion. A recent survey revealed that less than 15% of graduate professional students could identify the best loan for their financial needs. This is statistically worse than a random guess, and is at the heart of the need for transparency, analytical tools and a way for students to make real comparisons.

Continue reading "How to Find the Right Student Loan Consolidation Plan" »

Posted by Steven Rothberg, CollegeRecruiter.com on April 13, 2007 at 4:19 PM | Leave a Comment (0)

There are many benefits to a student loan consolidation.
• Reduces your monthly payment up to 60%
• Locks in your interest rates- protecting you from future increases.
• Simplifies your finances by having to make only one payment each month.
• Improves your credit rating.
• Provides flexible payment options.
• No prepayment penalties
In addition competing consolidation lenders offer repayment incentives which will save you money.

Continue reading "Federal Student Loan Consolidation" »

Posted by Shawn Augustson, CollegeRecruiter.com on April 2, 2007 at 2:20 PM | Leave a Comment (0)

Should I consolidate my college loans or not?

1. Still in school, yes! Rates are low, but they're scheduled to go up. Your college loan payments will then remain as manageable as possible when you leave school. If you have graduated, or will be graduating this May or June, yes! Graduates can lock in historical low rates, and reduce their monthly payments more than half. You can lock in a rate even while still in school, and even if you have been out of school for a couple of years can get a good deal, too.

Continue reading " 10 Pointers on College Loan Consolidation" »

Posted by Shawn Augustson, CollegeRecruiter.com on March 20, 2007 at 8:31 AM | Leave a Comment (0)

Should I consolidate my college loans or not?

1. Still in school, yes! Rates are low, but they're scheduled to go up. Your college loan payments will then remain as manageable as possible when you leave school. If you have graduated, or will be graduating this May or June, yes! Graduates can lock in historical low rates, and reduce their monthly payments more than half. You can lock in a rate even while still in school, and even if you have been out of school for a couple of years can get a good deal, too.

Continue reading " 10 Pointers on College Loan Consolidation" »

Posted by Shawn Augustson, CollegeRecruiter.com on February 27, 2007 at 9:11 PM | Leave a Comment (0)

Should I consolidate my college loans or not?

1. Still in school, yes! Rates are low, but they're scheduled to go up. Your college loan payments will then remain as manageable as possible when you leave school. If you have graduated, or will be graduating this May or June, yes! Graduates can lock in historical low rates, and reduce their monthly payments more than half. You can lock in a rate even while still in school, and even if you have been out of school for a couple of years can get a good deal, too.

Continue reading " 10 Pointers on College Loan Consolidation" »

Posted by Steven Rothberg, CollegeRecruiter.com on November 2, 2006 at 7:52 PM | Leave a Comment (0)

Now that the July 1st mad dash has come and gone, the question now is "with interest rates higher, does it still pay to consolidate my student loans?"

For many people saddled with student loan debt, the answer is still a resounding yes.

> You may be able to cut your interest rate by 42%, because you may able to obtain rates as low as 5.375% including rate reduction borrower benefits.

> Interest on student loan repayment may be tax-deductible (check with your tax advisor or the IRS for details), which may lower your actual cost of borrowing.

> Student loan consolidation can improve your credit score. By consolidating several student loans into one, the credit bureaus see one loan debt instead of several. This can help improve your FICO score, so that you can potentially qualify for and/or earn lower interest rates on other credit products such as additional student loans, a car loan, mortgage or other personal loan products.

> Consolidation can offer peace of mind. Wouldn't it be nice to know that you've done all you can to manage your student loan debt so that you can get on with your post-education career?

Make it a priority now to explore your consolidation options with a reputable student loan company, to see if consolidating your student loans is a smart move for you.

consolidate@onesimpleloan.com

Posted by OneSimpleLoan on July 18, 2006 at 9:59 AM | Leave a Comment (0)

With only a week left before the July 1, 2006 student loan interest rate increases, the "noise" about consolidating your student loans now is about to be amplified.

However, let's take a moment to reflect on this most interesting time...

• Have you noticed how members of Congress have jumped on the "consolidate now" bandwagon? With the cost of college tuition going up, students have had to take out more loans. And more loans at higher interest rates means an onerous student loan burden upon graduation. And the kids and parents are all voters or potential voters, which makes members of Congress sit up and take notice.

• A student loan consolidation firm, OneSimpleLoan®, is challengng the Department of Education's early termination of two-step consolidation, a process to help more students to lower their borrowing costs. Isn't it a bit ironic that a government agency advocating education in our country takes away such a benefit?

• However, there is a bright light to all this. The recent repeal of the single holder rule has now provided borrowers who have all their student loans with one lender the privilege of shopping around for a consolidation company that will work best for them. The government taketh away one thing, yet the government giveth back something else. We wonder, why does there even have to be a trade-off?

So as you contemplate all the consolidation offers and ads about low rates, rebates and give-aways, we strongly encourage you to read the fine print. Like anything else in life, you get what you pay for. Shop around, yes. But be sure to speak with consolidators who will give you the straight facts on rates, "borrower benefits," repayment terms and yes, on fine print.

After all, with one week left, you'll want to make the right decision that will affect your financial affairs for years to come.

Posted by OneSimpleLoan on June 22, 2006 at 10:50 PM | Leave a Comment (0)

Oldsmar, FL- June 19, 2006 – OneSimpleLoan’s® lawsuit challenging the U.S. Department of Education’s early termination of the ‘two-step’ consolidation program was a critical catalyst in the repeal of the single holder rule. The repeal of the single holder law went into effect with the approval of the Emergency Supplemental Appropriations Act (i.e., H.R. 4939).

“It’s a victory for OneSimpleLoan but even a larger victory for our nation’s students,” said Paul Simino, President of OneSimpleLoan, a firm specializing in personal student loan consolidation. “Thanks to our lawsuit, students will have more options in refinancing their student loans.”

This repeal means that student loan borrowers will be able to consolidate their student loans through a variety of student lenders and will no longer be tied to their original lender. This will allow borrowers to take full advantage of the consolidation offers with the most favorable terms regardless of lender.

“Student borrowers are about to get hit with one of the most dramatic single-year rate hikes in the history of federal student loans," Simino explained. “Our lawsuit had its intended result for students: the opportunity to find lower interest rates and best possible repayment terms.”

OneSimpleLoan is a member of the National Council of Higher Education Loan Programs (NCHELP) and the Florida Association of Student Financial Aid Administrators (FASFAA) and has over twenty years’ combined experience in personal student loan consolidation.

Posted by OneSimpleLoan on June 19, 2006 at 4:40 PM | Leave a Comment (0)

President Bush signed the Emergency Supplemental Appropriations Act (H.R. 4939), which includes the repeal of the single holder rule (also known as the 'single lender rule').

This means that those of you with student loans all with one lender now have the option to shop around for the best rates and customer service, rather than be held hostage to the lender who holds all your student loans.

Given that interest rates are scheduled to jump by nearly 2 percentage points next month, now's the time to consolidate your student loans, single lender or not.

Posted by OneSimpleLoan on June 15, 2006 at 10:10 PM | Leave a Comment (0)

The student loan rates effective July 1, 2006 are now officially in, and believe us, they're not pretty.

Interest rates on Stafford and PLUS loans disbursed prior to July 1, 1998 will be 1.84 percentage points higher on July 1. For student loans disbursed after July 1, 2006, Stafford and PLUS loans will have a 6.80% fixed rate of interest. (Additional interest rate information is available here.)

Of course, these rates have an impact on student loan consolidation rates, too. Consolidated student loans are based on a weighted average of the rates on those existing student loans you wish to consolidate, rounded up to the nearest 1/8th of one percent or 8.25%, whichever is less. So, the higher your interest rates on your individual student loans, the higher your consolidation loan interest rate.

Now you may think that 2 percentage points is no big deal. However, the power of compounding means that you could pay thousands more in interest fees over the life of a consolidated loan.

That's why you're encouraged to "jump" now consolidate your student loans before the July 1st rate hike.

Posted by OneSimpleLoan on June 10, 2006 at 12:20 PM | Leave a Comment (0)

On July 1st, student loans from the federal government will rise two percent, which can add up to quite a lot: for instance, an additional $10,000 by the time you pay off a $50,000 loan. Ouch.

If you are within six months of graduation or previously graduated, have $10,000 or more in student loan debt, and are not in default, then run (don't walk) to consolidate. One great option is the CollegeRecruiter.com Student Loan Consolidation Service.

Posted by Steven Rothberg, CollegeRecruiter.com on June 1, 2006 at 11:48 PM | Leave a Comment (0)

The auction fo the 91-day Treasury Bill at the end of May will establish the student loan and student loan consolidation rates to go into effect July 1, 2006. Given the Federal Reserve's penchant for raising rates this year, it appears that student loan rates are going to increase to the highest they've ever been in the last several years.

Stafford loan rates may reach 6.99% and PLUS loans 7.79%...gone are the days of 4.5% and 6.1%, respectively.

However, if you can, consolidate your student loans before July 1, so that you can lock in these pre-July 1 lower rates as well as obtain longer time to repay your student loans. For more information about consolidation, visit http://www.collegerecruiter.com/pages/student-loans-debt-consolidation.php.

You may think this is just another marketing gimmick, but it isn't. Even Senator Ted Kennedy and his Congressional colleagues are encouraging consolidation (see http://kennedy.senate.gov/~kennedy/statements/06/05/2006511840.html!

Posted by OneSimpleLoan on May 24, 2006 at 2:08 AM | Leave a Comment (0)

Two American education loan borrowers and an education loan finance company (OneSimpleLoan of Oldsmar, FL) filed suit on April 18, 2006 in U.S. District Court of the Southern District of New York against the U.S. Department of Education. The suit resulted because of a little known provision in the Deficit Reduction Omnibus Reconciliation Act of 2005, that will on July 1, 2006, terminate the right of middle class Americans to refinance their consolidation loan debts under the Federal Family Education Loan Program, made even worse by the unpublicized and obscurely worded letter of the U.S. Department of Education that terminated those rights three months earlier by bureaucratic fiat.

Continue reading "Will A Lawsuit Resuscitate Reconsolidation of Student Loans? We Can Only Hope So..." »

Posted by OneSimpleLoan on May 19, 2006 at 4:55 PM | Leave a Comment (1)

Yesterday, the Federal Reserve raised short term interest rates by 25 basis points. The new target rate for federal funds is 5.0%.

What's the impact of this rate hike on student loans? Frankly, more pain.... The interest rate on most outstanding Stafford and PLUS loans is reset each July based on the 91-day Treasury bill auction in late May. Because the 91-day T-Bill rate generally tracks the federal funds rate, the repayment rate of Stafford loans made since July 1998 is expected to be around 7.3%. The rate on PLUS loans will be around 8.1%.

We'll know for sure what the exact rates will be on May 30, after the final May t-bill auction. So if you're eligible to consolidate your student loans, do it now so you can lock in your interest rates and avoid this hit in your wallet!

Posted by OneSimpleLoan on May 11, 2006 at 9:46 PM | Leave a Comment (0)

Several government rulings, including the Deficit Reduction Act of 2005 ('DRA') signed by President Bush back in February, are being challenged in the Courts on several fronts. However, don't wait to consolidate based on any pending court decision: if you're about to graduate and you've got student loans, now's the time to consolidate your student loans at today's lower rates.

A student loan marketing company, OneSimpleLoan.com, is the lead plaintiff in a lawsuit against Margaret Spellings, the Secretary of the Department of Education. This recently filed lawsuit claims that the Department of Education has prematurely terminated a "two-step" consolidation process, depriving qualified student loan borrowers the ability to reconsolidate their student loans to save interest fees over the life of the loan. No decision as yet.

The Deficit Reduction Act's constitutionality is being challenged because there is a discrepancy between the House and Senate versions regarding Medicare. (!) More importantly, the Deficit Reduction Act has several sections regarding student loans, including fixing Stafford loans at a 6.8% interest rate effective July 1, 2006. Again, no word on this as yet. Whatever you do, make sure you take advantage of today's student loan and consolidation rates and benefits now!

Posted by OneSimpleLoan on May 7, 2006 at 4:42 AM | Leave a Comment (0)