Increasing cost of education has forced most of our college students to depend on education loans. When scholarship stipend and Federal student loans fall short of their need, they tend towards private student loan to cope up with their class room and tuition fees. This way, along with their course years they mount up huge [...]
Posts under ‘Student Loan Consolidation’
There are some loans are ineligible for consolidation
Although most education loans are eligible for consolidation into a Direct Consolidation Loan. There are some private loans that are always ineligible for consolidation. So before you take out any student loans, consider your options and study all fine prints. It’s easy and tempting to get the loans before you enter the programs and thinking [...]
Students: save money in your first year of university
You will have probably heard that your first year of university will be a financial struggle – with mounting debt, the costs of rent and food, it is essential that you do all you can to save yourself money. There are many ways in which you could save money during your first year of university. [...]
Some federal education loans are eligible for consolidation into a Direct Consolidation Loan
If you have several student loans and are overwhelmed by the payment, you need to consider the option of consolidating. If you have a federal education loan, you can consolidate it into a Direct Consolidation Loan. The subsidized loans that can be consolidated are: Subsidized Federal Stafford Loans Direct Subsidized Loans Subsidized Federal Consolidation Loans [...]
There are some student loans you can’t consolidate
This is the perfect time to consolidate your student loans. The rates are low and you won’t see this kind of rates once the economy starts growing again. While most federal education loans are eligible for consolidation into a direct consolidation loan including subsidized loans and unsubsidized loans. There are a few exceptions that some [...]
Consolidate Private Student Loans
By Michael Wai W Just to let you know, you are not the only graduate who has to deal with multiple private student loans. It is difficult to manage your financial condition with multiple loans on your back and other expenses to take care of. How can you remedy the situation? Have you ever thought [...]
Refinance Your Student Loans
Article by: Sarah Russell If you’ve recently graduated from college, you’ve probably been bombarded with mailings and advertisements urging you to refinance (or consolidate) your student loans right away. But wait, what is loan consolidation? And why should you do it? If you’ve just graduated from college, you’ve probably got a number of different student [...]
Private Student Loan Consolidation, Is There A Best One?
Article by Roger Guzman, M.D. Private student loan consolidation cannot be generally mixed with federal student loans due to the low interest rate on the latter. However, there are several options open to refinance the private student loans by replacing them with another. The main advantage of doing this is that instead of making several [...]
The Direct Consolidation Loan Program offers four repayment plans
The Direct Consolidation Loan Program offers four repayment plans with various term selections: Standard Repayment Plan – Under this plan, you will pay a fixed amount of at least $50 each month for up to 10 to 30 years, based on your total education indebtedness. This plan may result in lower total interest paid when [...]
Federal education loans that are eligible for consolidation into a Direct Consolidation Loan
The following federal education loans are eligible for consolidation into a Direct Consolidation Loan: Direct Subsidized and Unsubsidized Loans Federal Subsidized and Unsubsidized Stafford Loans Direct PLUS Loans and Federal PLUS Loans Direct Consolidation Loans and Federal Consolidation Loans Guaranteed Student Loans Federal Insured Student Loans Supplemental Loans for Students Auxiliary Loans to Assist Students [...]