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Student Loan News – August 16, 2013

Here are the best articles from around the web this week talking about student loans… For the week ending Friday August 16, 2013 Student Loan News: 1. Obama Signs Student Loan Deal:  President Barack Obama signed into law Friday a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just the first step in a broader, concerted fight to rein in the costs of a college education. Encircled by lawmakers from both parties in the Oval Office, Obama praised Democrats and Republicans alike for agreeing finally on what he called a sensible, reasonable approach to student loans even as he cautioned that “our job is not done.” […]

By |August 16th, 2013|Weekly Resources|0 Comments

Federal Direct Consolidation Loans Review

Loan consolidation can greatly simplify the costs for graduates and undergraduates by reducing multiple loan payments to one monthly payment with only one interest rate. The time period for repayment is extended, but because of an increased interest rate, the student can end up paying a lot more than each of the loans separately. However, consolidation can make payments more affordable on a monthly basis, especially for those students that have not yet found employment, which can be a daunting task in the current economy. Federal Direct Consolidation Loans can provide a variety of benefits for those wishing to have their federal loans lumped together into one lump sum. […]

By |April 5th, 2013|Consolidation|0 Comments

How To Receive Money From Lenders

Generally speaking, a federally subsidized or unsubsidized loan or private loan can be sent directly to the student, or sent to the student's school to be put in their account. Federal student loans have two distribution channels, both of which can cut a check directly to the borrower or the school. The channels have two names, and are funded differently: Federal Direct Student Loans (otherwise called Direct Loans, or FDLP) and Federal Family Education Loans (FFELP). […]

By |November 22nd, 2012|Types of Loans|0 Comments

5 Repayment Options To Consider

Besides the total amount of your student loans, you’ll want to know what you can expect in terms of a repayment plan. This is one of the most important pieces of homework you should do when you decide to take out any educational loan. You might be tempted to push off thinking about repayment options – after all, they seem so far away in time – but the reality is, graduation day will arrive faster than you think, or you might be paying off some of the loan during school. […]

By |November 15th, 2012|Consolidation|0 Comments

Whats the difference between a Federal Direct and Perkins Loan?

Federal student loans are available for college students through the U.S. Department of Education. There are two types of federal student loan programs. The William D. Ford Federal Direct Loan Program  is the largest federal student loan program. The U.S. Department of Education is the lender. There are four types of Direct Loans. Direct Subsidized Loans are offered to undergraduate students who can demonstrate financial need. Students may borrow between $3,500 and $5,500 depending on their year in school. […]

By |October 25th, 2012|Applying for Loans|0 Comments

Repayment Plans for Student Loans

You can change your repayment plans any time. If you want to discuss the repayment plans you can contact your loan servicer for available options or even to change your repayment plans. Listed here are a few of your options on how to choose the best student loan repayment plan for you. […]

By |September 22nd, 2012|Pay Off Student Loans|0 Comments