SunTrust is a private lender and you can consolidate your private student loans through them. Perhaps you already have a student loan through them; they do offer many loan options to students. They offer undergraduate and graduate loans and also have a scholarship sweepstakes where they give away a $1,000 scholarship every two weeks. SunTrustEducation.com [...]
CU Student Loans is a partnership of Credit Unions offering private student loans to those who need funding above and beyond what they are able to get through grants, scholarships, and Federal loans. The advantage of using a Credit Union, as opposed to a bank, is that Credit Unions are not-for-profit. This means that more savings are passed on to you, rather than fees, because you are a part of the Credit Union; you have to be a member in order to use their services. […]
Student Loans are so great when you get them. They enable you to go to school and focus on your studies. You study hard and see a panorama of possibilities, a bright future indeed. After graduation you are so relieved that all the stressful demands of school are over- the late nights up studying, the tedious assignments, and the pressure of deadlines. At some point it hits you, often like a ton of bricks, maybe the hard part isn’t over, maybe it is still to come. School is just the beginning; it just preceded the real world. You have now made it to the real world, and now you have to pay back all the money you spent on school to get here. […]
SimpleTuition is not a lender but a service provider. You don’t come here for just a “yes” or “no” answer; you come here for options. The site allows you to comparison shop for lenders and provides information about both federal and private options. The estimates given are just that- estimates. When you apply directly to the lender, your rate will be determined by more specific factors and your credit score will be taken into account. The estimates given by SimpleTuition don’t use credit scores to determine the rates presented. This might mean that the rates are inaccurate for you, but it also means that you can get a better look at different lender rates without getting any hits on your credit, which is a very good thing. You can then decide which lenders you want to pursue further. […]
Combining your private student loans can make life simpler. You will have only one monthly payment, and it will be much easier to see where you are at with your debt. Some people do this as soon as they get out of school and others wait until the grace period for their loans is over to take advantage of that time without having to make payments. It is good to remember that loan consolidation is a process. First you need to research lenders, ideally you will want to find a co-signer, then you will need to apply, and finally you will need to be approved. The approval process can take up to 60 days, so you might want to begin the process before your grace period runs out. […]
Refinancing your student loans is a great way to help you budget. Finances can be complicated when you first get out of school. Having a single payment, instead of multiple ones, can help a lot. If you got different loans throughout your years in school, they probably are all for different amounts and have different interest rates. Interest rates are low right now, and consolidating all of your loans together usually gets you a better rate. A low interest rate is the best thing to look for when thinking of taking out a new loan. […]
The StudentLoanNetwork is an excellent place to go for information about anything related to student loans. They are a lender but primarily provide the service of allowing you to compare lenders. They also explain everything clearly to help you understand and find what you are looking for. Regarding loan consolidation, they have a site specifically for that subject: StudentLoanConsolidator.com You will find information about both federal and private loan consolidation as well as all the benefits and different repayment options available to you. […]
The ideal of going to school and getting a degree sometimes carries us away. We take what we can get in the form of grants and scholarships, and then we take out loans to fill in the financial gaps that are left. This is all so that we can succeed in reaching the goal of finishing school, meeting the expectation of graduating, and finding success. […]
StudentAid.ed.gov: This website will answer all of your questions about federal student aid. It is common advice to first check out all federal options available to you before looking at private options. Definitely, you want to obtain as much scholarship and grant money as you can, because this money isn’t loan money- you don’t have to pay it back! Federal loans can also help out with interest, through subsidized loans and rates. […]
Graduation day is arguably one of the best days in the entire college experience. After years of study, students are now ready to pursue a career in their chosen field and reap the rewards of their hard work. It also means that the start of student loan repayments is just around the corner. Sarah Ang, writing on Mashable.com says “Recent grads may very well agree that student loan debt is like the bastard child of the collegiate experience: unexpected, unwanted and very expensive for years to come.” […]