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Posted September 09, 2008 by

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.

Posted September 03, 2008 by

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

Posted June 19, 2007 by

1-888-MyStuLoans Consolidation Helpline Launched

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.

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Posted June 08, 2007 by

Consolidation Interest Rate Increase July 1st — Big Deal or Not?

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 April 13, 2007 by

How to Find the Right Student Loan Consolidation Plan

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.

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Posted April 02, 2007 by

Federal Student Loan Consolidation

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.

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Posted March 20, 2007 by

10 Pointers on College Loan Consolidation

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.

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Posted February 27, 2007 by

10 Pointers on College Loan Consolidation

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.

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Posted November 02, 2006 by

10 Pointers on College Loan Consolidation

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.

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Posted July 18, 2006 by

Student Loan Consolidation after July 1st — Still a Smart Move?

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