If you have loans through the Federal Family Education Loan (FFEL) Program and need to make lower monthly payments, the income-sensitive repayment plan could be your best option. This plan is available to the following federal student loans: Subsidized and Unsubsidized Federal Stafford Loans FFEL PLUS Loans FFEL Consolidation Loans […]
A grant differs from a loan in one basic way: it’s free money given to you because you fall into a certain category, have earned it through work, or someone wants to support you in your work. A grant is most often awarded based on financial need and other factors. Grants are based on need, merit, field/work specific, athletics, housing, minority based, educational, or goal-based. There are tons of grants out there you can look at to use to pay off your loan. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday December 13, 2013 Student Loan News: 1. Federal Budget Deal Could Hit Student Loan Servicers: A federal budget deal was struck Tuesday night that is expected to prevent another government shutdown next year—and have an impact on student loans. […]
Get your student loan paid off faster by knowing how loans work and by using these simple tricks: In order to make money (which is, after the purpose for being in business), lenders charge interest on the amount you borrow, called the principal. The principal plus the interest is the total amount of the loan. The longer you have the principal on the books, the more interest you pay, so you are on a merry-go-round for quite some time. […]
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. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday December 06, 2013 Student Loan News: 1. Durbin pushing bill to ease struggle of repaying private student loans: U. S. Sen. Dick Durbin, D-Ill., said Tuesday he is introducing a bill when the Senate convenes next week to protect students from getting overwhelmed by private-loan payments that grow out of control without explanation. […]
Student loan debt is usually a major portion of the graduate’s financial obligations and refinancing can be a smart money saving option. Unfortunately, many financial institutions are no longer offering student loan refinancing, meaning the student will have to do some research to find a lender. The first step in the research should be answering some basic questions about refinancing. […]
What is Mohela? This is a servicer contracted by the Education Department. Mohela is in the servicers approved list on the website of Federal Student. They have been provided the servicing of student loans and closely working with the students and their families for more than thirty years. […]
Here are the best articles from around the web this week talking about student loans… For the week ending Friday November 15, 2013 Student Loan News: 1. From Start To Finish, The Student Loan Industry Is In Need Of Massive Overhaul: Student loan debt in the U.S. has passed the $1 trillion mark while the cost of an education continues to outpace inflation, meaning tomorrow’s students will need to take on even more debt than the millions of graduates who already owe money. A new report from our coworkers at Consumers Union shows just how screwed up and unbalanced the student loan system is at every step of the way. […]