Recent Student-Loan-Consolidation Articles
Student Loans: Learn About Default and Consolidating Loans
Jun 16th 2008 5:50 am
The cost of going to college keeps rising every year and many students find relief by getting a Student Loan. This can allow them to go to a school that they might other wise not be able to afford. The benefits to getting a student loan is that the rate of interest is lower than a traditional loan. Also the lender will usually give you a longer period of time to pay back the money and they will let you usually finish school before you have to start to pay the monthly payments.
Many times student loans will be given with student grant which
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Student Loans Save the Day
Jun 11th 2008 5:32 am
Student loan interest rates are typically much lower than other types of loans, including credit cards or auto loans. Furthermore, those interest rates are fixed at the time you take out the loan. More often than not I have used student loans to pay off credit card debt. The advantage to doing this is that a $5,000 loan at 7% is a lot less than $5,000 in credit card debt at between 15% and 30% interest.
Student loans can be a life saver-- even if you're on scholarship and working twenty hours per week at a local retail joint, you're still
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Are You Facing Bankruptcy Over Student Debts?
Jun 10th 2008 1:58 pm
A growing number of young people are filing bankruptcy each year, mostly thanks to the ever increasing amounts of student debt. More and more teenagers are taking out their own credit card, and many undergraduate students have more than one credit card with an outstanding balance on it. It is believed that the average student owes between three and four thousand dollars in credit card debt, in addition to their other student debts.
Difficulty Managing Finances for the First Time Is A Contributing Factor
Credit card companies are now
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An In Depth Look at Student Loans
Jun 6th 2008 5:50 am
History of Growth
All indications have shown that the need for school loans is growing exponentially.It's no secret that college costs have risen dramatically over the years.
According to the College Board's annual study on costs, tuition and fees on average have increased 35% in the past five years for public, four-year institutions and 11% for private, four- year institutions (figures adjusted for inflation).
For the 2006-07 school year, a four-year public institution cost $5,836 and a four-year private institution $22,218 -
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Student Loan Consolidation Repayment Options
Jun 5th 2008 5:43 am
Making the decision to consolidate your student loans has a big impact on your financial future. There are a few repayment options that you have for repaying the loan.
Equal (or Standard) Repayment Plan
This repayment plan allows you to make equal monthly payments towards your loan. The advantage to choosing this payment option is that all of your eligible student loans are consolidated into one single payment. The term on these loans is typically 10 years.
Extended Repayment Plan
This plan is similar to the equal repayment plan in
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