While researching reputable student loan consolidation companies I’ve recently come across this one which, initially, seems professional. However, a little research has turned up a quite a few warning flags and this company is certainly not one I’d recommend. […]
For many Americans, paying for and living under the weight of student loans has become a way of life. The next four years are starting to look a lot more hopeful thanks to President Obama’s “Pay As You Earn” proposal and Representative Hansen Clarke’s proposed Student Loan Forgiveness Act of 2012. Are You Eligible? – Verify Eligibility Here (Help Is Available to Confirm Eligibility – Click Here) […]
Graduates and undergraduates struggle more and more every year to pay off their student loans, especially with the difficulties in the employment market. It's also becoming more difficult for students to obtain loans to begin with, given the raised standards of lenders. Cash back credit cards are becoming the new thing for undergraduates and graduates to get in order to help them pay off their student loans while building their credit rating at the same time. Students can spend money and receive a percentage of what is spend back in their accounts, which can be for personal use, turned into gift cards or credited back to their credit card account. […]
Deciding on a loan consolidation company can be difficult, especially with the problems most graduates and undergraduates are currently facing trying to pay off their student loan debt. Consolidation can help with this process, lumping all of the loans together so that the student only has to pay one monthly sum. However, even this can be difficult, depending on the kinds of loans that were originally taken out, whether they are federal loans, private loans, or a combination of the two. cu Loan consolidation and Wells Fargo, however, only consolidate on private loans, so the student has no worry about his federal loan benefits and rights being erased. But which consolidation company is better for the student's needs? […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday Feb 22, 2013 Student Loan News: 1. Wealthiest US colleges suing students over default loans: Graduate student borrowers are defaulting on almost US$1 billion in federal loans that were given out to the poor. US colleges such as Yale, Penn State and George Washington are coming after them in the courts, suing for nonpayment. All three colleges have pursued lawsuits against students who defaulted on their Perkins loans. The exact number of lawsuits is not known, but just last year alone the University of Pennsylvania filed at least a dozen lawsuits over the Federal Perkins Loan, Bloomberg reported. […]
You’ve done your research and found opportunities for a scholarship. In fact, you should have found between 30 and 40 opportunities. If you haven’t found that many, you have not finished doing research, because that’s the number of scholarships available to the “average” student (meaning if you're above average, you should have found even more). The next step in this important process of getting help to pay for your higher education involves having the application sent to you for completion. […]
Although no one really enjoys repaying their student loans, it can be even more of a hassle if you had to take out multiple loans, especially if they came from different sources. Many students turn to loan consolidation to make repayment a little simpler. Instead of dealing with a bunch of loans and different providers, you only make one payment to a single lender. […]
Just as the national student loan debt has risen, so has the popularity of student loan consolidation. The concept has several advantages and disadvantages. Possible benefits would be eliminating the need to juggle several different private student loans by reducing it to just one with a single lender. This benefit would apply only if you either don’t have federal student loans in addition to private ones, or you’ve been able to locate a consolidating lender who offers the consolidation of private and federal student loans together, a practice which is becoming ever more uncommon. In addition, you may be able to negotiate a lower monthly payment; you’ll only have to deal with the rules and regulations of one lender, versus having the rules and regulations of many lenders; and you might be able to lock in a lower fixed interest rate than you have on your existing loans. Also, if you should find yourself unemployed or sick, it’s easier to get leniency from a single lender than trying to work it out with multiple ones. […]
With student loan debt at an all-time high, it’s a no-brainier that students themselves are struggling to make ends meet while plodding towards their higher education goals credit by expensive credit. However, behind the scenes, parents are often the ones who shoulder the majority of the responsibilities and it’s important to recognize their role. […]