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3 Ways to Build Your Credit

Building your credit and having a high FICO score is a way to let lenders know that you can responsibly handle debt repayment. If you have no credit history, you have to build one for the sole purpose of proving that you are worthy of receiving credit from various lending institutions. For example if you are looking to get a student loan and you have no cosigner and no credit history you are going to have a very difficult time. If you’ve yet to establish credit, or are looking to rebuild credit, then here are a few ways to help give your credit the boost it needs: […]

By admin|February 14th, 2013|Refinance|0 Comments

7 Popular Student Loan Repayment Plans

When it comes time to repay student loans, many people feel overwhelmed or concerned about making monthly payments. Fortunately, most lenders offer at least two or three different repayment plans to fit different needs, whether you want to pay off your loan as quickly as possible or need to make smaller payments. The following list outlines the general policies of various repayment plans. Policies vary between institutions, so be sure to ask your lender about their specific plans. […]

By admin|February 13th, 2013|Pay Off Student Loans|0 Comments

6 Depressing Facts About Student Loans

1) Educational debt is a double-edged sword. With steady and gainful employment becoming relatively scarce and the United States population increasing, more people are having to make tough choices. Many are having to decide between becoming indebted while trying to make a living without a college education, or becoming indebted by taking out one or more student loans in hopes of pursuing a profitable career by earning a college diploma. […]

By admin|February 12th, 2013|Pay Off Student Loans|0 Comments

6 Steps To Consolidate Student Loans

1. Determine your needs First, make sure student loan consolidation will benefit your specific situation. If you are doing well paying your current student loan bills on time or they are almost paid off, you’ll likely save more money keeping them as they are. Inspect your loan contracts to see if there are any pre-payment penalties which may offset any savings you might gain from reconsolidation. Contemplate whether the convenience of an extended payment term is worth the cost compared to your current student loan payment plans. Also, take into consideration that if you are or will be in a public service occupation and are or will be eligible for federal student loan debt forgiveness after 20 years, you will reset your debt payment timer and have to start over from the beginning with the newly consolidated loan to become eligible again. […]

By admin|February 12th, 2013|Consolidation|0 Comments

Student Loan Refinance Rate 2013

Consolidation of student loans can sometimes be a tough choice for some students to make. Although it does decrease the amount of payments down to one each month, the student will have a longer time of paying of all of his loans through one consolidation company. Another added benefit is that it eliminates the need to remember several interest rates of different lenders and only focus on one, which could end up being lower than some loans if they are at variable interest rates. So how does one find the best consolidation rate for their student loan? Here's some steps he can take to avoid getting crushed by high interest rates. […]

By admin|February 11th, 2013|Refinance|0 Comments

10 Tips on Student Loans

Planning for college can be a daunting task for most people. With the costs of a college education on the rise, more and more people are turning to student loans to help them cover the costs. These loans come in several forms, but are basically broken down into two groups: federal and public loans, each with its own advantages and disadvantages. But regardless of where the loan comes from, there are a few things to keep in mind when applying for these loans: […]

By admin|February 11th, 2013|Federal Loans|0 Comments

Who can get a PELL Grant?

The Pell Grant is a highly sought-after form of financial aid for one simple reason: it doesn't need to be repaid. The Pell Grant can be seen as a form of scholarship that pays off a portion of the tuition. A misconception about financial aid is that most aid comes in the form of loans that need to be repaid. While many financial aid programs are interest-bearing loans, there are also a wide variety of gift-grants available as well. […]

By admin|February 7th, 2013|Types of Loans|0 Comments

FAFSA Offers Resources for Student Financial Aid

Financing higher education can be a challenge these days. Fortunately, various federal aid programs for grants, loans and work-study are available for students through the Free Application of Federal Student Aid (FAFSA). The application process may seem intimidating at first, but there are countless resources online and in financial aid offices to help students apply for the best possible assistance. The first step in any case is to check your eligibility. To receive allowances from the US Department of Education student aid, you must: […]

By admin|February 7th, 2013|Pay Off Student Loans|0 Comments

FAFSA.com Scam – 2.1 Million Students Potentially Ripped Off!

There were 31.5 Million FREE FAFSA applications completed in 2011 according to the US Department of Education however, there may have been over 2 million students scammed by the misleading website FAFSA.com! […]

By admin|February 6th, 2013|Applying for Loans|7 Comments

Standard Student Loan Repayment Plan

When the time comes to repay your federal student loans, the standard repayment plan might be the most economical choice. It is also the default repayment method for most loans. This program is available for several types of Direct and Federal Family Education Loan (FFEL) program loans, including: […]

By admin|February 6th, 2013|Pay Off Student Loans|0 Comments

Best Consolidation Companies

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