Student Loan News – November 08, 2013
Here are the best articles from around the web this week talking about student loans… For the week ending Friday November 08, 2013 Student Loan News: 1. Focus on Better Student Loans: Too much attention is paid to scholarships for people who are already on a path to college, and not enough is given to improving student loans and preparing younger students for college. […]
Bridging The Gap: Grad Plus Loan
If you're researching a Grad PLUS Loan (Graduate Student PLUS Loan), chances are you know the major change that occurred recently: students themselves are now eligible for the loan which previously was available only to parents of undergraduate students. The Grad PLUS Loan helps to bridge the gap between financial aid awarded to a student and outstanding costs of attendance he or she might have. Though it's available directly to the student borrower now, it's only awarded to graduate and professional school students. […]
Planning Ahead: Graduation, Grace Periods And Loan Repayment
If you're asking yourself “how long do I have after graduating to start paying back my student loan,” you’ve got the makings of a financially solid adult. Too often graduation comes faster than anyone expects, even though it seems like it can be forever when you’ve got midterms looming in front of you. Or, outside pressures make it necessary to drop below full-time student status or take a leave of absence from school altogether. Either way, the day will come when you have to repay your student loan. […]
Federal vs Private Loan Consolidation – Which one is better
There is always the difficult choice for an undergraduate or graduate as to whether he should take out a federal loan or a private loan. Each has its own benefits and drawbacks, depending on which lending company he is going with. For example, federal loans can be tax deductible, while private loans are not. Another is that federal loans can be forgiven in all or in part if the student is performing certain kinds of service, such as military service or practicing medicine in certain kinds of communities. […]
E-Student Loan Consolidation Review
After graduation, it is difficult for postgraduates to find employment in the competitive working world. Coupled with the increasing prices of tuition and costs associated with college life, it's becoming more burdensome for graduates and undergraduates to be able to pay for these costs without taking out multiple loans. Loan consolidation companies such as E-Student Loan Consolidation can make it easier for postgraduates to cope with the costs of students loans and their interest rates. […]
7 Tips To Make The Most of Private Student Loan Consolidation
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. […]