Too much debt and not enough money - commercialappeal.com (subscription) (Student loan refinancing)
Saturday, March 31, 2007
Save More on Your Student Loan Refinancing by Applying Online
Getting Started:
Easily Compare and Contrast Student Loan Refinancing Lenders
The lender you choose will make an incredible difference in the total repayment amount of your loan. There are hundreds of lenders, each offering different incentives that equate to wide spectrum of overall savings. Researching lenders online by using search terms such as "student loan consolidation," "student loan refinance," or "consolidating student loans," allows you to build a side-by-side comparison of potential lenders and the benefits and savings offered by each.
Narrowing your Search:
Comparing the Benefits of Student Loan Refinancing Companies Online
After retrieving the results of your keyword search, it's time to cut through the hype and compare the facts and figures that impact your overall savings. Doing online research makes it simple to cut and paste critical information into an Excel sheet or Word document to compare companies side by side. Some important things to pay attention to are:
- Experience
- Incentive Offerings
- Published customer service number
- E-Sign Application
- Loan Specialization Type
Understanding your Savings:
Using Online Calculators to Determine your Potential Savings
Calculating interest rates and the effects of incentives over the course of a 10-year repayment period is a complicated calculation to figure by hand. However, the web gives instant access to numerous online calculators specifically designed to calculate savings associated with student loan refinancing. Running some numbers through these specialty calculators will present a full picture of the dollar savings that you can expect to receive with each lender.
The Application Process:
Save Time and Hassle by Applying for Student Loan Refinancing Online
Thanks to the internet, there's no need to drive around town and fill out application forms after waiting your turn at a financial consultant's office. Applying for student loan refinancing online affords you the convenience of applying in your own home on your schedule. Many lenders offer the added convenience of e-sign, meaning there's no need to worry about printing or digging up a stamp; just click, e-sign, and send.
Tracking your Application
Applying Online Allows you to Track the Progress of your Student Loan Refinancing
Most internet-savvy student loan refinancing companies give you the opportunity to log in and see the status of your application as it travels through the loan process. Because your application and the lender's decision are sent instantly via secure internet, your time spent waiting and wondering is reduced to minutes instead of weeks.
Start Saving:
A Quick Student Loan Refinancing Process Means You Start Saving Sooner
Finding a knowledgeable company with a streamlined online application process means you can start saving before your next loan payment is due. When it comes to student loan refinancing, time literally is money. Unlike the pre-internet days, you can literally reduce your student loan payment by the end of the day. Start your search now by exploring these money and time-saving resources:
Comparison Chart Template: Compare and contrast your choice of lenders side-by-side http://office.microsoft.com/en-gb/results.aspx?Scope=TC&Query=comparison+chart
Consolidated Student Loan Repayment Calculator: Quickly calculate your savings after student loan financing. http://www.scholarpoint.com/PaymentCalculator.aspx
Glossary of Terms A reference guide to more than 300 terms specific to student loan refinancing http://www.scholarpoint.com/ResourceCenter/Glossary.htm
ScholarPoint Financial, Inc. is a national online consumer lending company specializing in student loans. We believe in combining state-of-the-art technology with world class service to help students and parents easily gain access to data, become informed, and enjoy the process of obtaining a college loan. Learn more about Student Loan Consolidation at http://www.scholarpoint.com
Read more about Bad Credit Repair
-
| Too much debt and not enough money commercialappeal.com (subscription), TN - I suggest Lisa contact her student loan administrator. They will usually agree to defer payments on a student loans for an additional year until she begins ... |
More Bad News for Lenders (Student loan refinancing)
Friday, March 30, 2007
How To Reduce Student Loan Payments through Refinancing
Finishing one's education is not a cheap task. In fact, it could place a student into debt before even entering the real world. Since not all students have thousands of dollars to pay every year for college tuition fees, most college students obtain educational loans to survive college. However, when these students graduate, the majority of them do not know where to begin paying the student loans back.
The principal goal of refinancing is to reduce your monthly total student loan payments. Sadly, this option has been overlooked over the years. As you leave the college life, you will be facing a variety of loans with different interest rates. Refinancing your student loans could help your credit lower its interest rates. In turn, would save you thousands of dollars in the end. If you choose to refinance your educational loan, there are a number of factors to consider.
First, if you have two kinds of loans, make sure to refinance them separately. Do the federal student loan first, before any other private loans. This way, you will enjoy the benefits of the low interest rate of federal loans. Mixing both loans together when refinancing will give you a higher interest rate on the combined account. Second, your student loan rates will vary depending on your credit history and by your deal with the lender. Make sure your credit history is in good condition before refinancing your student loans. Be sure to review your credit report and make a start to fix your problem. Third, you should research on several lenders and compare rates. Refinancing rates of federal student loans adjust while the economy changes. Normally, it changes for only once a year, typically around July 1.
Every lender facility has different qualifications required for refinancing student loans. The majority of these lenders require you to be a graduate or out of school. Meaning, you cannot be paying for your education as you actively make use of your student loan. Most lenders have a requirement of minimum variable balances. There are two approaches in reducing your student loan total payments through refinancing. First, your payments could be reduced monthly by extending the duration of your loan or asking for a lower interest rate. The most advisable method is getting a lower interest rate because, in turn, it will also reduce the long-term debt of your student loan.
On the other hand, if you have excessively high monthly payments, you could extend the duration of your student loan. In doing so, your monthly payments would be smaller. By obtaining longer terms, the interest rates would be higher and you end up paying more. Nevertheless, this method allows you to manage your balance. In choosing the most suitable student loan refinancing program, remember that the interest rate should never exceed the current consolidation rate of your loan. Numerous facilities offer student loan refinancing. However, before negotiating with any of them, make sure you perform your research. The Internet could provide you sites of different lenders with a variety of interest rates. By researching, you could compare the refinancing rates of each.
Your student loan refinancing either could help you get out of debt, or could sink you down to more debt. There are numerous financial-aid institutions, which are non-credible, that aims to steal money from innocent people. Be careful in negotiating your terms with them. This could be your ultimate chance of getting yourself out of your student loan debt. Choose your lender wisely.
Emanuele Allenti offers valuable tips and help about student loans at best student loans and student loan consolidation websites. Enter now! |
Read more about Becoming Debt Free
-
More Bad News for Lenders
Inside Higher Ed - away a borrower’s means to repay. • Call for termination from public employ. (ditto)• Prohibit refinancing the loan at better rates from regular banking institutions.• Remove this type of debt from bankruptcy protection. • Allow Student
Yao admits lying, former mistress says he showered her with gifts
Centre Daily - An ex-mistress of former Student Finance Corp. chief executive Andrew Yao testified Tuesday that he She also presented a May 2002 mortgage loan application for a $3 million refinancing of Yao's Nantucket home in which he said he made a salary
Are Student Loans Dischargeable When You Fill for Bankruptcy? (Student loan refinancing)
Sunday, March 25, 2007
Save More on Your Student Loan Refinancing by Applying Online
Getting Started:
Easily Compare and Contrast Student Loan Refinancing Lenders
The lender you choose will make an incredible difference in the total repayment amount of your loan. There are hundreds of lenders, each offering different incentives that equate to wide spectrum of overall savings. Researching lenders online by using search terms such as "student loan consolidation," "student loan refinance," or "consolidating student loans," allows you to build a side-by-side comparison of potential lenders and the benefits and savings offered by each.
Narrowing your Search:
Comparing the Benefits of Student Loan Refinancing Companies Online
After retrieving the results of your keyword search, it's time to cut through the hype and compare the facts and figures that impact your overall savings. Doing online research makes it simple to cut and paste critical information into an Excel sheet or Word document to compare companies side by side. Some important things to pay attention to are:
- Experience
- Incentive Offerings
- Published customer service number
- E-Sign Application
- Loan Specialization Type
Understanding your Savings:
Using Online Calculators to Determine your Potential Savings
Calculating interest rates and the effects of incentives over the course of a 10-year repayment period is a complicated calculation to figure by hand. However, the web gives instant access to numerous online calculators specifically designed to calculate savings associated with student loan refinancing. Running some numbers through these specialty calculators will present a full picture of the dollar savings that you can expect to receive with each lender.
The Application Process:
Save Time and Hassle by Applying for Student Loan Refinancing Online
Thanks to the internet, there's no need to drive around town and fill out application forms after waiting your turn at a financial consultant's office. Applying for student loan refinancing online affords you the convenience of applying in your own home on your schedule. Many lenders offer the added convenience of e-sign, meaning there's no need to worry about printing or digging up a stamp; just click, e-sign, and send.
Tracking your Application
Applying Online Allows you to Track the Progress of your Student Loan Refinancing
Most internet-savvy student loan refinancing companies give you the opportunity to log in and see the status of your application as it travels through the loan process. Because your application and the lender's decision are sent instantly via secure internet, your time spent waiting and wondering is reduced to minutes instead of weeks.
Start Saving:
A Quick Student Loan Refinancing Process Means You Start Saving Sooner
Finding a knowledgeable company with a streamlined online application process means you can start saving before your next loan payment is due. When it comes to student loan refinancing, time literally is money. Unlike the pre-internet days, you can literally reduce your student loan payment by the end of the day. Start your search now by exploring these money and time-saving resources:
Comparison Chart Template: Compare and contrast your choice of lenders side-by-side http://office.microsoft.com/en-gb/results.aspx?Scope=TC&Query=comparison+chart
Consolidated Student Loan Repayment Calculator: Quickly calculate your savings after student loan financing. http://www.scholarpoint.com/PaymentCalculator.aspx
Glossary of Terms A reference guide to more than 300 terms specific to student loan refinancing http://www.scholarpoint.com/ResourceCenter/Glossary.htm
ScholarPoint Financial, Inc. is a national online consumer lending company specializing in student loans. We believe in combining state-of-the-art technology with world class service to help students and parents easily gain access to data, become informed, and enjoy the process of obtaining a college loan. Learn more about Student Loan Consolidation at http://www.scholarpoint.com
Read more about Bad Credit Repair
-
Are Student Loans Dischargeable When You Fill for Bankruptcy?
Tip! Pay all of your bills on time. Bankruptcy is a means to financial recovery. 1f96 Student debt and “undue hardship” If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all student loans are non-dischargeable. The law is clear when it comes to student [...]
1f96
Student debt and “undue hardship”
If you are buried deep in debt but your debt is mainly student debt you may want to reconsider bankruptcy since almost all
student loans are non-dischargeable. The law is clear when it comes to student loan debt: Unless repayment causes the debtor
undue hardship, courts won’t allow discharge of student debt.
The above is applicable to Chapter 7 Bankruptcy and Chapter 13 Bankruptcy too. So in order to be able to get discharged from
student debt you’ll need to meet the “undue hardship” requirement.
This concept implies an excessive poorness caused by the debt that would affect the ability of the debtor of paying for basic
needs. The main difficulty is to prove undue hardship.
A bit of history
Student Debt used to be more easily discharged in the past. However, due to abuse, Bankruptcy’s legal requirements were
modified and now it is extremely difficult to get discharged.
The abuse consisted on filing for bankruptcy immediately after finishing college, thus getting discharged of their student
debt prior to joining the workforce.
When this practice became common, lenders complained and got the administration to modify the rules that controlled bankruptcy.
Discharging Nowadays
Currently, the exception of hardship includes government loans and nonprofit organization loans.
So it has become even more difficult to get student debt discharged. Besides, not only has the debt to disrupt the debtor ability to maintain an adequate minimal standard of living but the debtor must have tried by every possible way to repay the
debt.
Co-signer Responsibility
Even if the debtor meets all this requirements, any co-signer who subscribed the loan with the debtor won’t be covered by the
hardship exception and thus will be the sole responsible one for the debt repayment.
This is one of the lender’s main securities and explains why most of the student loan lenders require a co-signer in order to grant a loan.
Final considerations
Filling for bankruptcy or not is a decision that has to be intensively meditated and must be substantiated in the need of a fresh new start when there is no other choice.
If a bankruptcy won’t discharge your student debt, and if your student loans are the main constituent of your debt, then it
makes no sense to suffer all the bad consequences associated with a bankruptcy without being able to enjoy the benefits.
However, if your income is too low, your debt won’t let you even breath and there is no other way of recovering from this
situation, you may be able to convince a court that due to the excessive burden your debt has turned into, it should be discharged.
That way, you’ll be able to get a fresh start and become debt free.
Mary Ann Wise, a professional consultant with more than twenty years in the financial field, is currently committed to helping people in the process of securing personal loans, mortgage, refinance or consolidation loans and preventing consumers
from falling into the hands of fraudulent lenders.
In one of her websites: http://www.badcreditloanservices.com you will find more useful tips and interesting articles on this
subject and other financial related topics.
Why Undergraduate Private Student Loans Are A Smart Choice (Student loan refinancing)
Saturday, March 24, 2007
Student Loan Consolidation � An Effective Way To Reduce Debt By Refinancing
Most students don't have thousands of dollars to pay every year for college tuition fees. This is why college students obtain educational loans to make it through college in the way of student loans.
Finishing one's education is not a cheap task today. In fact, in most cases it can place a student into debt before even entering a career.
The idea of refinancing with student loan consolidation is to reduce your monthly total student loan payments. Refinancing your student loans could help you by getting lower interest rates and not having the hassle of several monthly loan payments.
It is best to consider a federal student loan consolidation first, before any other private loans. This way, you can enjoy the benefits of the low interest rate of federal loans.
Student loan consolidation rates will vary depending on your credit history and by how you deal with your current lenders. Refinancing rates of federal student loans adjust while the economy changes.
Every lending facility has different qualifications required for refinancing student loans.
When choosing the most suitable student loan consolidation refinancing program, remember that the interest rate should never exceed the current consolidation rate of your current loans.
There are many lenders and consolidation centers that offer student loan consolidation refinancing.
Student Loan Consolidation Centers Should Have These Four Common Aspects
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student's federal loan; at present, the rate being offered by the "Department of Education" is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
4. Student loan consolidation centers have payment options that are flexible.
Three Student Loan Consolidation Facts You Should Consider
1. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and you are unable to acquire loan forgiveness provisions services like nursing or teaching.
2. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. As student loan consolidation will lower your monthly payments, but you should note that extra interest will accumulate over the span of the loan and will drastically raise the total cost of the loan.
3. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance.
It's best to take some time to consult and seek advice from a lender with a student loan consolidation center on which loan options are best and right for your financial situation before you consolidate.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com
Get free valuable online tips for debt consolidation from his: Student Loan Consolidation Center website.
Read more about Debt Consolidation
-
Why Undergraduate Private Student Loans Are A Smart Choice
Continuing your information after eminent school is no light endeavor. The costs involved with going to college seem to rise evermore year. It is no surprise that rife parents and students cannot afford to pay these fees out of pocket. that is the main driver for the swelling in popularity of an undergraduate private student allowance. that way of extension can remedy ensure that you cover the gap halfway federal financial aid and the rising cost of college tuition. To be clean-cut, undergraduate private student loans are credit-based loans available to students to be used for tuition, room and board, supplies, computers and other alike expenses. They are unsecured loans which mean that you can get a mortgage with no collateral recommended to ensure repayment. It's a recherché hint to explore undergraduate private student loans as alternative sources of funding. Let's discuss some of the benefits:
1. Speedy Application Process
The application process for an undergraduate student juice is ordinarily fast and undemanding. There are crowded lenders which allow the application process to be completed on the net which means that not only will you find out your pre-approval status in minutes, but you can forward manage your run-down from the Info Strada as well.
2. No Application Fees or Deadlines.
You can receive funds for the total cost of your propagandism if you so itch and you can hold off on repayments until after you graduate. that will relieve you from the added stress of having to woe about getting money to dream up repayments while in school.
3. Tax Benefits
Another sanction of undergraduate private student loans is that they have multiplied of the carbon kinds of benefits as federal loans. You may find that your interest is tax-deductible which means more money in your pocket, but it's ace to confirm that with your tax advisor.
Despite these benefits, keep in mind that in that undergraduate student loans are unsecured, that may likewise mean a higher interest rate. In big end cases that may be the case, but don't let that stop you from doing the research into finding a suitable juice. Similar to appearing at options for any touch, you will long to shop almost to find the leading rate.
Overall, undergraduate private student loans are an excellent choice to bridge the gap when federal financial aid and scholarships aren't replete to pay the tuition bills.
Latest News (Student loan refinancing)
Thursday, March 22, 2007
How To Reduce Student Loan Payments through Refinancing
Finishing one's education is not a cheap task. In fact, it could place a student into debt before even entering the real world. Since not all students have thousands of dollars to pay every year for college tuition fees, most college students obtain educational loans to survive college. However, when these students graduate, the majority of them do not know where to begin paying the student loans back.
The principal goal of refinancing is to reduce your monthly total student loan payments. Sadly, this option has been overlooked over the years. As you leave the college life, you will be facing a variety of loans with different interest rates. Refinancing your student loans could help your credit lower its interest rates. In turn, would save you thousands of dollars in the end. If you choose to refinance your educational loan, there are a number of factors to consider.
First, if you have two kinds of loans, make sure to refinance them separately. Do the federal student loan first, before any other private loans. This way, you will enjoy the benefits of the low interest rate of federal loans. Mixing both loans together when refinancing will give you a higher interest rate on the combined account. Second, your student loan rates will vary depending on your credit history and by your deal with the lender. Make sure your credit history is in good condition before refinancing your student loans. Be sure to review your credit report and make a start to fix your problem. Third, you should research on several lenders and compare rates. Refinancing rates of federal student loans adjust while the economy changes. Normally, it changes for only once a year, typically around July 1.
Every lender facility has different qualifications required for refinancing student loans. The majority of these lenders require you to be a graduate or out of school. Meaning, you cannot be paying for your education as you actively make use of your student loan. Most lenders have a requirement of minimum variable balances. There are two approaches in reducing your student loan total payments through refinancing. First, your payments could be reduced monthly by extending the duration of your loan or asking for a lower interest rate. The most advisable method is getting a lower interest rate because, in turn, it will also reduce the long-term debt of your student loan.
On the other hand, if you have excessively high monthly payments, you could extend the duration of your student loan. In doing so, your monthly payments would be smaller. By obtaining longer terms, the interest rates would be higher and you end up paying more. Nevertheless, this method allows you to manage your balance. In choosing the most suitable student loan refinancing program, remember that the interest rate should never exceed the current consolidation rate of your loan. Numerous facilities offer student loan refinancing. However, before negotiating with any of them, make sure you perform your research. The Internet could provide you sites of different lenders with a variety of interest rates. By researching, you could compare the refinancing rates of each.
Your student loan refinancing either could help you get out of debt, or could sink you down to more debt. There are numerous financial-aid institutions, which are non-credible, that aims to steal money from innocent people. Be careful in negotiating your terms with them. This could be your ultimate chance of getting yourself out of your student loan debt. Choose your lender wisely.
Emanuele Allenti offers valuable tips and help about student loans at best student loans and student loan consolidation websites. Enter now! |
Read more about Becoming Debt Free
-
Latest News
dBusinessNews.com - Fitch Rates SLM Student Loan Trust 2007-1 Issue New York - NEW YORK -- Fitch rates the following notes issued by SLM Student The collateral securing the notes are consolidation loans originated under the FFELP. The loans are guaranteed to at least 97
Q&A with certified financial planners
Seattle Times - Consolidation and simplification always makes it easier to establish and maintain control of your investments. To consolidate to compare that penalty withdrawal cost of the withdrawals to the value of reducing the amount on your home equity loan
From The Archives
MLive.com - Witnesses describe shooting of Lake Fenton student By Kim Crawford kcrawford@flintjournal.com • 810.766.6242 Court testimony indicated a Fenton Township teenager went uninvited to the home of another teen and attacked two classmates with a hockey stick
Confused by Hoards of Student Loan Consolidation Options?: New ... - Emediawire (press release) (Student loan refinancing)
Monday, March 19, 2007
Student Loan Consolidation � An Effective Way To Reduce Debt By Refinancing
Most students don't have thousands of dollars to pay every year for college tuition fees. This is why college students obtain educational loans to make it through college in the way of student loans.
Finishing one's education is not a cheap task today. In fact, in most cases it can place a student into debt before even entering a career.
The idea of refinancing with student loan consolidation is to reduce your monthly total student loan payments. Refinancing your student loans could help you by getting lower interest rates and not having the hassle of several monthly loan payments.
It is best to consider a federal student loan consolidation first, before any other private loans. This way, you can enjoy the benefits of the low interest rate of federal loans.
Student loan consolidation rates will vary depending on your credit history and by how you deal with your current lenders. Refinancing rates of federal student loans adjust while the economy changes.
Every lending facility has different qualifications required for refinancing student loans.
When choosing the most suitable student loan consolidation refinancing program, remember that the interest rate should never exceed the current consolidation rate of your current loans.
There are many lenders and consolidation centers that offer student loan consolidation refinancing.
Student Loan Consolidation Centers Should Have These Four Common Aspects
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student's federal loan; at present, the rate being offered by the "Department of Education" is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
4. Student loan consolidation centers have payment options that are flexible.
Three Student Loan Consolidation Facts You Should Consider
1. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and you are unable to acquire loan forgiveness provisions services like nursing or teaching.
2. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. As student loan consolidation will lower your monthly payments, but you should note that extra interest will accumulate over the span of the loan and will drastically raise the total cost of the loan.
3. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance.
It's best to take some time to consult and seek advice from a lender with a student loan consolidation center on which loan options are best and right for your financial situation before you consolidate.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com
Get free valuable online tips for debt consolidation from his: Student Loan Consolidation Center website.
Read more about Debt Consolidation
-
| Confused by Hoards of Student Loan Consolidation Options?: New ... Emediawire (press release), WA - Using SimpleTuition.com, students and parents can now enter and compare any federal student loan consolidation offer that has been presented to them from ... |
| eLearners.com Launches Comprehensive Loan Center PR Web (press release), WA - The database provides a wealth of information about financial aid, loans, loan consolidation and employer tuition assistance programs. ... |
| IEEE to Feature SimpleTuition’s Online Student Loan Comparision ... PR Web (press release), WA - Student loan information, including Private, PLUS, Stafford, GradPLUS, Federal Consolidation loans and Private consolidation, can be sorted by monthly ... |
NextStudent Explains Federal Family Education Loan Consolidation ... - SYS-CON Media (Student loan refinancing)
Friday, March 16, 2007
Student Loan Consolidation � An Effective Way To Reduce Debt By Refinancing
Most students don't have thousands of dollars to pay every year for college tuition fees. This is why college students obtain educational loans to make it through college in the way of student loans.
Finishing one's education is not a cheap task today. In fact, in most cases it can place a student into debt before even entering a career.
The idea of refinancing with student loan consolidation is to reduce your monthly total student loan payments. Refinancing your student loans could help you by getting lower interest rates and not having the hassle of several monthly loan payments.
It is best to consider a federal student loan consolidation first, before any other private loans. This way, you can enjoy the benefits of the low interest rate of federal loans.
Student loan consolidation rates will vary depending on your credit history and by how you deal with your current lenders. Refinancing rates of federal student loans adjust while the economy changes.
Every lending facility has different qualifications required for refinancing student loans.
When choosing the most suitable student loan consolidation refinancing program, remember that the interest rate should never exceed the current consolidation rate of your current loans.
There are many lenders and consolidation centers that offer student loan consolidation refinancing.
Student Loan Consolidation Centers Should Have These Four Common Aspects
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student's federal loan; at present, the rate being offered by the "Department of Education" is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
4. Student loan consolidation centers have payment options that are flexible.
Three Student Loan Consolidation Facts You Should Consider
1. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and you are unable to acquire loan forgiveness provisions services like nursing or teaching.
2. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. As student loan consolidation will lower your monthly payments, but you should note that extra interest will accumulate over the span of the loan and will drastically raise the total cost of the loan.
3. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance.
It's best to take some time to consult and seek advice from a lender with a student loan consolidation center on which loan options are best and right for your financial situation before you consolidate.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com
Get free valuable online tips for debt consolidation from his: Student Loan Consolidation Center website.
Read more about Debt Consolidation
-
NextStudent Explains Federal Family Education Loan Consolidation ... - SYS-CON Media
| NextStudent Explains Federal Family Education Loan Consolidation ... SYS-CON Media, NJ - The elimination of such a seemingly small 1 percent discount could have detrimental effects over time on a borrower's student loan portfolio and savings. ... |
Eric Kinney, President (Student loan refinancing)
Thursday, March 15, 2007
Student Loan � How To Reduce Your Payments Through Refinancing
There are a variety of student loan repayment plans to suit different needs and financial situations, with many lenders offering a wide range of repayment options. The repayment plan that you can get will depend on the different types of loans you have, your financial circumstances and also what your needs are.
If you have bank or government-issued federal student loans you have the option to choose from several repayment plans designed to make your servicing your student debt more manageable. While federal student loans have more repayment options, private loans, made without federal funds, have fewer repayment options. The main advantage of consolidating your loan is that you combine your different loans into one loan and one monthly repayment. This is not only cheaper, it is also more convenient.
In order to achieve their carrier goals, most students who are not able to pay their own college fees get student loans. Due to high college fees, by the time one finishes their studies; one can have a huge student loan debt.
A huge total student loan that is being repaid to several lenders at different interest rates can impact on one's financial flexibility once they finish college. The main goal of refinancing is to reduce your monthly repayments and giving an easier to manage single monthly payment.
By refinancing your student loan, you are able to get a lower interest rate which enables you to make a lot of savings in the long term.
If you are considering refinancing your student loans, what 3 key factors must you consider?
1. If you have two kinds of loans, make sure to refinance them separately. It is also advisable that you refinance your federal student loan first, before any other private loans. By doing this you will be able to enjoy the benefits of the low interest rate of federal loans. If you mix both loans together when refinancing, you will get a higher interest rate on the combined account.
2. Your credit history and the deal you can get with your lender will determine the rate you will get for your refinanced loan. It is therefore important your credit history be good before refinancing your student loans.
3. It is important that you research on several lenders and compare rates before you select the best refinancing deal for you.
Lender facilities have different qualifications and criteria required for refinancing student loans. The majority of these lenders require you to be a graduate or out of school.
So what are the two approaches in reducing your student loan total payments through refinancing?
1. You can reduce your monthly payments by extending the duration of your loan or asking for a lower interest rate. It is advisable that you get a lower interest rate because this will reduce the long-term debt of your student loan.
2. By extending the duration of your student loan, your monthly payments would be smaller. However, obtaining longer terms, the interest rates would be higher and you end up paying more. Nonetheless, this method allows you to manage your balance.
While choosing the most suitable student loan refinancing program, you must ensure that the interest rate of your refinanced loan does not exceed the current consolidation rate of your loan. It is important that you do your research and compare different options and interest rates offered by different lenders.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://school-loans.deans-knowledgebase.com
Get free valuable online tips from his: School Loan website.
Read more about Debt Consolidation
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Eric Kinney, President
PRWeb - Already a leader in the student loan industry online, the company expects the new site to outperform the previous version MCO consolidation in many key markets may tip the scales. - 2005-10-09 Carpenters Union Fulfills Earl Oliver’s Vision
Online Press Release
PRWeb - Local loan officer training sessions are currently available for scheduling and Buffalo, and $1,000 for a scholarship for a Williamsville East High School student Rusty Axe Games, Releases 50 Castles Bucking the trend towards industry consolidation
Online Press Release (Student loan refinancing)
Save More on Your Student Loan Refinancing by Applying Online
Getting Started:
Easily Compare and Contrast Student Loan Refinancing Lenders
The lender you choose will make an incredible difference in the total repayment amount of your loan. There are hundreds of lenders, each offering different incentives that equate to wide spectrum of overall savings. Researching lenders online by using search terms such as "student loan consolidation," "student loan refinance," or "consolidating student loans," allows you to build a side-by-side comparison of potential lenders and the benefits and savings offered by each.
Narrowing your Search:
Comparing the Benefits of Student Loan Refinancing Companies Online
After retrieving the results of your keyword search, it's time to cut through the hype and compare the facts and figures that impact your overall savings. Doing online research makes it simple to cut and paste critical information into an Excel sheet or Word document to compare companies side by side. Some important things to pay attention to are:
- Experience
- Incentive Offerings
- Published customer service number
- E-Sign Application
- Loan Specialization Type
Understanding your Savings:
Using Online Calculators to Determine your Potential Savings
Calculating interest rates and the effects of incentives over the course of a 10-year repayment period is a complicated calculation to figure by hand. However, the web gives instant access to numerous online calculators specifically designed to calculate savings associated with student loan refinancing. Running some numbers through these specialty calculators will present a full picture of the dollar savings that you can expect to receive with each lender.
The Application Process:
Save Time and Hassle by Applying for Student Loan Refinancing Online
Thanks to the internet, there's no need to drive around town and fill out application forms after waiting your turn at a financial consultant's office. Applying for student loan refinancing online affords you the convenience of applying in your own home on your schedule. Many lenders offer the added convenience of e-sign, meaning there's no need to worry about printing or digging up a stamp; just click, e-sign, and send.
Tracking your Application
Applying Online Allows you to Track the Progress of your Student Loan Refinancing
Most internet-savvy student loan refinancing companies give you the opportunity to log in and see the status of your application as it travels through the loan process. Because your application and the lender's decision are sent instantly via secure internet, your time spent waiting and wondering is reduced to minutes instead of weeks.
Start Saving:
A Quick Student Loan Refinancing Process Means You Start Saving Sooner
Finding a knowledgeable company with a streamlined online application process means you can start saving before your next loan payment is due. When it comes to student loan refinancing, time literally is money. Unlike the pre-internet days, you can literally reduce your student loan payment by the end of the day. Start your search now by exploring these money and time-saving resources:
Comparison Chart Template: Compare and contrast your choice of lenders side-by-side http://office.microsoft.com/en-gb/results.aspx?Scope=TC&Query=comparison+chart
Consolidated Student Loan Repayment Calculator: Quickly calculate your savings after student loan financing. http://www.scholarpoint.com/PaymentCalculator.aspx
Glossary of Terms A reference guide to more than 300 terms specific to student loan refinancing http://www.scholarpoint.com/ResourceCenter/Glossary.htm
ScholarPoint Financial, Inc. is a national online consumer lending company specializing in student loans. We believe in combining state-of-the-art technology with world class service to help students and parents easily gain access to data, become informed, and enjoy the process of obtaining a college loan. Learn more about Student Loan Consolidation at http://www.scholarpoint.com
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PRWeb - Home Loan Giant Overshadowed by Newcomer Lender Locator Lender Locator, a recently launched free countrywide mortgage referral service ( www.lenderlocator.com ), was designed with the consumer in mind as a superior alternative to Lending Tree. - 2005-01 read more about student loan refinancing
Minimum cash-out refinancing depends on your equity - MarketWatch (Student loan refinancing)
Sunday, March 11, 2007
Student Loan � How To Reduce Your Payments Through Refinancing
There are a variety of student loan repayment plans to suit different needs and financial situations, with many lenders offering a wide range of repayment options. The repayment plan that you can get will depend on the different types of loans you have, your financial circumstances and also what your needs are.
If you have bank or government-issued federal student loans you have the option to choose from several repayment plans designed to make your servicing your student debt more manageable. While federal student loans have more repayment options, private loans, made without federal funds, have fewer repayment options. The main advantage of consolidating your loan is that you combine your different loans into one loan and one monthly repayment. This is not only cheaper, it is also more convenient.
In order to achieve their carrier goals, most students who are not able to pay their own college fees get student loans. Due to high college fees, by the time one finishes their studies; one can have a huge student loan debt.
A huge total student loan that is being repaid to several lenders at different interest rates can impact on one's financial flexibility once they finish college. The main goal of refinancing is to reduce your monthly repayments and giving an easier to manage single monthly payment.
By refinancing your student loan, you are able to get a lower interest rate which enables you to make a lot of savings in the long term.
If you are considering refinancing your student loans, what 3 key factors must you consider?
1. If you have two kinds of loans, make sure to refinance them separately. It is also advisable that you refinance your federal student loan first, before any other private loans. By doing this you will be able to enjoy the benefits of the low interest rate of federal loans. If you mix both loans together when refinancing, you will get a higher interest rate on the combined account.
2. Your credit history and the deal you can get with your lender will determine the rate you will get for your refinanced loan. It is therefore important your credit history be good before refinancing your student loans.
3. It is important that you research on several lenders and compare rates before you select the best refinancing deal for you.
Lender facilities have different qualifications and criteria required for refinancing student loans. The majority of these lenders require you to be a graduate or out of school.
So what are the two approaches in reducing your student loan total payments through refinancing?
1. You can reduce your monthly payments by extending the duration of your loan or asking for a lower interest rate. It is advisable that you get a lower interest rate because this will reduce the long-term debt of your student loan.
2. By extending the duration of your student loan, your monthly payments would be smaller. However, obtaining longer terms, the interest rates would be higher and you end up paying more. Nonetheless, this method allows you to manage your balance.
While choosing the most suitable student loan refinancing program, you must ensure that the interest rate of your refinanced loan does not exceed the current consolidation rate of your loan. It is important that you do your research and compare different options and interest rates offered by different lenders.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://school-loans.deans-knowledgebase.com
Get free valuable online tips from his: School Loan website.
Read more about Debt Consolidation
-
| Minimum cash-out refinancing depends on your equity MarketWatch - One is to take out a home-equity loan. Lenders usually will give you 75% to 80% of your equity, which is the difference between what your place is worth and ... |
| GMH Communities Trust Completes Refinancing on Four Student ... PR Newswire (press release), NY - Under the refinancing, the Company placed an aggregate of $90.0 million in mortgage indebtedness on the properties, with each loan having a 10-year ... |
| Some Debt is OK Motley Fool - If your student loan is costing you 7% per year, that's much less worrisome. Another consideration is what else you might do with the money you'd use to pay ... |
Latest News (Student loan refinancing)
Friday, March 09, 2007
Student Loan � How To Reduce Your Payments Through Refinancing
There are a variety of student loan repayment plans to suit different needs and financial situations, with many lenders offering a wide range of repayment options. The repayment plan that you can get will depend on the different types of loans you have, your financial circumstances and also what your needs are.
If you have bank or government-issued federal student loans you have the option to choose from several repayment plans designed to make your servicing your student debt more manageable. While federal student loans have more repayment options, private loans, made without federal funds, have fewer repayment options. The main advantage of consolidating your loan is that you combine your different loans into one loan and one monthly repayment. This is not only cheaper, it is also more convenient.
In order to achieve their carrier goals, most students who are not able to pay their own college fees get student loans. Due to high college fees, by the time one finishes their studies; one can have a huge student loan debt.
A huge total student loan that is being repaid to several lenders at different interest rates can impact on one's financial flexibility once they finish college. The main goal of refinancing is to reduce your monthly repayments and giving an easier to manage single monthly payment.
By refinancing your student loan, you are able to get a lower interest rate which enables you to make a lot of savings in the long term.
If you are considering refinancing your student loans, what 3 key factors must you consider?
1. If you have two kinds of loans, make sure to refinance them separately. It is also advisable that you refinance your federal student loan first, before any other private loans. By doing this you will be able to enjoy the benefits of the low interest rate of federal loans. If you mix both loans together when refinancing, you will get a higher interest rate on the combined account.
2. Your credit history and the deal you can get with your lender will determine the rate you will get for your refinanced loan. It is therefore important your credit history be good before refinancing your student loans.
3. It is important that you research on several lenders and compare rates before you select the best refinancing deal for you.
Lender facilities have different qualifications and criteria required for refinancing student loans. The majority of these lenders require you to be a graduate or out of school.
So what are the two approaches in reducing your student loan total payments through refinancing?
1. You can reduce your monthly payments by extending the duration of your loan or asking for a lower interest rate. It is advisable that you get a lower interest rate because this will reduce the long-term debt of your student loan.
2. By extending the duration of your student loan, your monthly payments would be smaller. However, obtaining longer terms, the interest rates would be higher and you end up paying more. Nonetheless, this method allows you to manage your balance.
While choosing the most suitable student loan refinancing program, you must ensure that the interest rate of your refinanced loan does not exceed the current consolidation rate of your loan. It is important that you do your research and compare different options and interest rates offered by different lenders.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://school-loans.deans-knowledgebase.com
Get free valuable online tips from his: School Loan website.
Read more about Debt Consolidation
-
dBusinessNews.com - Fitch Rates SLM Student Loan Trust 2007-1 Issue New York - NEW YORK -- Fitch rates the following notes issued by SLM Student The collateral securing the notes are consolidation loans originated under the FFELP. The loans are guaranteed to at least 97 read more about student loan refinancing
Bastrop Daily Enterprise - Don't let this burden continue to weigh you down, make student loan consolidation a priority on your list of New Years resolutions. New federal rules allow the consolidation of student loans only once unless new loans are taken out. When you read more about student loan refinancing
Be Wise By Consolidating Your Credit Card Debt And Saving Money! - American Chronicle (Student loan refinancing)
Student Loan Consolidation � An Effective Way To Reduce Debt By Refinancing
Most students don't have thousands of dollars to pay every year for college tuition fees. This is why college students obtain educational loans to make it through college in the way of student loans.
Finishing one's education is not a cheap task today. In fact, in most cases it can place a student into debt before even entering a career.
The idea of refinancing with student loan consolidation is to reduce your monthly total student loan payments. Refinancing your student loans could help you by getting lower interest rates and not having the hassle of several monthly loan payments.
It is best to consider a federal student loan consolidation first, before any other private loans. This way, you can enjoy the benefits of the low interest rate of federal loans.
Student loan consolidation rates will vary depending on your credit history and by how you deal with your current lenders. Refinancing rates of federal student loans adjust while the economy changes.
Every lending facility has different qualifications required for refinancing student loans.
When choosing the most suitable student loan consolidation refinancing program, remember that the interest rate should never exceed the current consolidation rate of your current loans.
There are many lenders and consolidation centers that offer student loan consolidation refinancing.
Student Loan Consolidation Centers Should Have These Four Common Aspects
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student's federal loan; at present, the rate being offered by the "Department of Education" is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
4. Student loan consolidation centers have payment options that are flexible.
Three Student Loan Consolidation Facts You Should Consider
1. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and you are unable to acquire loan forgiveness provisions services like nursing or teaching.
2. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. As student loan consolidation will lower your monthly payments, but you should note that extra interest will accumulate over the span of the loan and will drastically raise the total cost of the loan.
3. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance.
It's best to take some time to consult and seek advice from a lender with a student loan consolidation center on which loan options are best and right for your financial situation before you consolidate.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com
Get free valuable online tips for debt consolidation from his: Student Loan Consolidation Center website.
Read more about Debt Consolidation
-
| Be Wise By Consolidating Your Credit Card Debt And Saving Money! American Chronicle, CA - This is a critical issue because, though you may end up paying lower monthly installments, the consolidation loan may turn up to be more onerous than your ... |
| Educational Direct Gives $100000 To Help Make College Dreams Come ... CSRwire.com (press release) - With personalized and superior customer service, Educational Direct is an established leader in student loan consolidation and offers solutions that allow ... |
Thank you, Thank you, Thank You (Student loan refinancing)
Student Loans and Student Loan Refinancing!
You either need a loan or you need to refinance your current debt. First of all you need to decide how much money you'll need, which loan type is best for you; you'll also need to decide whether this is the right time to do it and how you are going to pay for it. All these questions need to be answered prior to applying for a student loan or refinance student loan and even before doing some research and requesting loan quotes.
Loan Amount
The amount of money you will need does not only have to cover tuition, studying material, and any other college related costs, but also accommodation, transportation and other expenses that you will have to face due to living away from home. Once you've added up all your expenses, it is a good idea to add a 15% over that amount for unexpected expenses that always arise.
Loan Types
For starters, we will analyze government student loans. Federal Loans carry, as regular loans, capital and interests. Though the interest rate charged is lower than private loans, so is the loan amount. Under certain circumstances the interest can be subsidized and not charged. Otherwise the interest, though present, is deferred till after graduation. Moreover, the capital can also be deferred till after graduation and sometimes you can get a government grant so you won't have to reimburse the money at all.
Private student loans, on the other hand, have higher interest rates but you can request higher loan amounts. There are mainly two types of private student loans: Secured Student Loans and Unsecured Student Loans. Generally, secured student loans are requested by parents who have a property to use as collateral in order to pay for their sons/daughters' tuition. Unsecured Student Loans are generally requested by student themselves and do not require collateral in order to be approved.
Refinancing or Consolidating your Student Debt
If you can't meet your monthly payments or you want to take advantage of better market conditions you may want to refinance your student loans. By refinancing you'll take a loan in order to cancel previous debt. When a single loan is used to repay more than one loan or other debt, the process is known as consolidating. There are loans specially tailored for this purpose: Consolidation Loans. And there are even loans of this kind designed to consolidate only student debt.
By refinancing or consolidating student debt you can save thousands of dollars on interests. Moreover, by consolidating you'll get a single monthly payment instead of several bills. However, bear in mind that refinancing makes sense only if you can save money by doing so or at least reduce your monthly payments so you can afford them without sacrifices.
Kate Ross is a professional consultant with fifteen years in the financial field. She helps people in the process of securing personal loans, mortgage, refinance or consolidation loans and prevents consumers from falling into financial scams. Smart tips and interesting articles on this subject and other financial related topics can be found at her website: http://www.speedybadcreditloans.com/financial-articles.html |
Read more about Debt Consolidation Simplified
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PRWeb - Credit.com Launches Credit Blog Featuring Financial Experts CreditBloggers.com includes commentary on credit, loan, debt and identity theft topics. - 2005-12-07 High-Logic Announces Immediate Availability of MainType™ 1.0 for Windows High-Logic a read more about student loan refinancing
Oprah’s Debt Diet TV Show Series – How to get out of Debt and Save (Student loan refinancing)
Thursday, March 08, 2007
Student Loan Consolidation � An Effective Way To Reduce Debt By Refinancing
Most students don't have thousands of dollars to pay every year for college tuition fees. This is why college students obtain educational loans to make it through college in the way of student loans.
Finishing one's education is not a cheap task today. In fact, in most cases it can place a student into debt before even entering a career.
The idea of refinancing with student loan consolidation is to reduce your monthly total student loan payments. Refinancing your student loans could help you by getting lower interest rates and not having the hassle of several monthly loan payments.
It is best to consider a federal student loan consolidation first, before any other private loans. This way, you can enjoy the benefits of the low interest rate of federal loans.
Student loan consolidation rates will vary depending on your credit history and by how you deal with your current lenders. Refinancing rates of federal student loans adjust while the economy changes.
Every lending facility has different qualifications required for refinancing student loans.
When choosing the most suitable student loan consolidation refinancing program, remember that the interest rate should never exceed the current consolidation rate of your current loans.
There are many lenders and consolidation centers that offer student loan consolidation refinancing.
Student Loan Consolidation Centers Should Have These Four Common Aspects
1. Offers minimal rates of interest, presently 1.625 percent fixed interest for the period of the student's federal loan; at present, the rate being offered by the "Department of Education" is a percentage of 3.37.
2. Through consolidation, a student can cut their payment every month by a maximum of 60 percent using student loan consolidation centers.
3. Using auto debit, one can get an added 0.25 percent rate discount with student loan consolidation centers.
4. Student loan consolidation centers have payment options that are flexible.
Three Student Loan Consolidation Facts You Should Consider
1. Students must only consolidate loans which are variable or changing rates, such as the Stafford Loans, and never fixed-rate loans such as Perkins loans, since Perkins loans are set at a fixed rate, therefore there is no benefit financially and you are unable to acquire loan forgiveness provisions services like nursing or teaching.
2. Student loan consolidation programs are never identical between lenders having fluctuating grace periods, interest rates, late payments penalties, and loan repayment period. As student loan consolidation will lower your monthly payments, but you should note that extra interest will accumulate over the span of the loan and will drastically raise the total cost of the loan.
3. To lower your student loan cost and its interest rate, you can opt not to consolidate all your available student loans; you can decide to include unsubsidized loans only or leave out loans with high interest with a low loan balance.
It's best to take some time to consult and seek advice from a lender with a student loan consolidation center on which loan options are best and right for your financial situation before you consolidate.
Dean Shainin is a consultant specializing in student loan consolidation. Get valuable resources, tools, information and more articles on student loan consolidation, visit this site: http://www.studentloanconsolidationtips.com
Get free valuable online tips for debt consolidation from his: Student Loan Consolidation Center website.
Read more about Debt Consolidation
-
Best Syndication - The single women will be refinancing her student loan to save $66 per month off the monthly payment. She is going to cancel her gym membership that she never uses. She is going to get a roommate to save $300 per month off her rent. This adds up to read more about student loan refinancing
