Student Loans

Although many people have achieved the dream of completing their college education, many of them face an unfortunate downside following graduation: paying back the inevitable student loan.

Too often it is not just one loan looming over students, many of whom have yet to settle into the sometimes overwhelming realities of the workforce and daily life.

NextStudent, one of the nation’s premier education funding companies, can be the proverbial light at the end of the tunnel by helping students consolidate their multiple federal loans. From Stafford Loans and Perkins Loans to PLUS Loans and HPSL Loans, NextStudent’s Federal Student Loan Consolidation Program equals convenience. Read the rest of this entry »

Because most college students are using loans to finance their college education, the debt level of recent graduates is rising rapidly. On average, students graduate owing $12,000-$16,000 in student loans and another $2,000 in credit card debt. Is this the price you have to pay for higher education, or can you avoid college debt in the first place?

The secret to avoiding college debt is to plan wisely and take advantage of the many opportunities to reduce college costs before and during your college years. Read the rest of this entry »

At least 20% of college students need some type of loan to help pay for their college education. Such a statistic can lead to students graduating with an unmanageable debt load. An alternative is for parents to help out by taking out loans themselves. But which is the better option - student loans or parent loans? Each has distinct advantages and uses.

Federal student loans

Federal student loans have the lowest interest rates and best repayment options. If you need to take out loans and you qualify for federal loans, this is your best choice. Just be sure to accept only the funds you need, even if you are offered much more. Parents can always help their children pay off these loans once repayment begins after graduation. Read the rest of this entry »

At least 20% of college students need some type of loan to help pay for their college education. Such a statistic can lead to students graduating with an unmanageable debt load. An alternative is for parents to help out by taking out loans themselves. But which is the better option - student loans or parent loans? Each has distinct advantages and uses.

Federal student loans

Federal student loans have the lowest interest rates and best repayment options. If you need to take out loans and you qualify for federal loans, this is your best choice. Just be sure to accept only the funds you need, even if you are offered much more. Read the rest of this entry »

You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options -

• With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.
• With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.
• With a credit card, on the other hand, the interest rate can be as high as 21%. Interest begins accruing almost immediately, and you need to begin paying off the bill the next month.

Read the rest of this entry »

If you are thinking about using loan consolidation to possibly lower your monthly student loan payments, then now is the time to start consolidating and lowering those payments. Never in recent history have the interest rates on student loan consolidations been quite as low as they are these days. What does that mean for you? Quite simply, you will be receiving the best available deals for debt consolidation when you choose to consolidate your student loans now and here. Whether you have just a small amount of student loan debt or a very large amount, consolidation can start helping you to lower your monthly payments NOW if you get started on it right away. Read the rest of this entry »

You need some more money for college expenses this semester. Do you whip out a credit card to pay for your books, or do you apply for a federal or private loan? Well, consider the options -

• With a federal loan, your interest rate will be low (around 5%) and your payments will be deferred until 6-9 months after graduation.
• With a private loan, the interest rate will be slightly higher than with a federal loan but will still be lower than average. In addition, you will only need to make interest payments until after graduation.

Read the rest of this entry »

Student loans are a great source of financial aid for students who need help paying for their education. Unfortunately, students often leave college with burdensome debt. In addition, they often have multiple loans from different lenders, meaning they are writing more than one loan repayment check each month. The solution to this problem is loan consolidation.

What is loan consolidation?

Loan consolidation means bundling all your student loans into a single loan with one lender and one repayment plan. You can think of loan consolidation as akin to refinancing a home mortgage. When you consolidate your student loans, the balances of your existing student loans are paid off, with the total balance rolling over into one consolidated loan. The end result is that you have only one student loan to pay on.
Read the rest of this entry »

College Savings Plans, also called Section 529 plans, are one of the best ways to save for college because they offer:

Tax advantages A variety of investment options Flexible contribution options Parental control Little impact on eligibility for need-based financial aid Tax advantages Investments in 529 plans are usually exempt from federal taxes. Earnings are tax-deferred and are not subject to capital gains taxes. Redemptions are also exempt from federal income tax if they are used to pay for tuition, room and board, fees, books, supplies, or equipment. Most states also offer tax advantages, at least if you enroll in the plan for your own state. In addition, contributions may be deductible on your state income tax. Read the rest of this entry » Student Loans No Comments » Private Loan Consolidation Posted by admin on March 10th, 2008 College life teaches you how to stretch a dollar, how to make a pizza cover breakfast, lunch, and dinner, and how to get the most out of your money. That said, when your college education is over and achieved, the student loans following it should not last a lifetime and follow you throughout your career! Consider Consolidating Your Loans and Save Rather than lug around student loans for years to come, why not consolidate all your different student loans into one private loan consolidation that makes it easy for you to pay off your student loans with just one low monthly payment every month. Six months after you graduate, you can be sure that creditors will be banging down your door, looking for your first payment towards your student loans. Whether you borrowed from a bank, the government, or through some other private means, student loans add up quickly. A private loan consolidation allows you to take all of your student loans and throw them into one general debt - this way, you can make payments towards that debt and only have to deal with one private company, instead of 2, 3, 4, or 5 loan firms and/or creditors. Read the rest of this entry » Student Loans No Comments » Previous Entries Archives March 2008 February 2008 Categories Student Loans Tags Bounced Check College Costs Outpace Inflation Degree College Expenses College Loan Colleges lenders students Consolidate Loans Consolidating Student Graduates Consolidation Loan Dangerous Deferment and Forbearance Degree Students federal government Federal Student Loan Federal Work-Study FICO Score Financial Aid Financial Security Forbearance Options Funding Strategy Higher Education Reform Interest Rates lenders Colleges students guidelines NextStudent NG MONEY Page Monster Paying for Grad School Tips Private Loan private loans students Private Student Loans Repayment Options Responsible Borrowing Saving Money Stafford Loans Student Loan Student Loan Consolidation Student Loan Debt Student Loan Debt Lower Rules Student Loans Student Loans Consolidate Monthly Payments Student Private Loan Students Survive on Loans Study Abroad Affordable Tuition Bills Way for College Success YOUNG MONEY Recent Posts Consolidating Federal Student Loans Keeps Graduates on Course 03-10-2008 College Debt - how to avoid it, and how to get out of it 03-10-2008 Private Student Loans - dispelling the myths 03-10-2008 Parent Loans or Student Loans - what is going to be best for my child? 03-10-2008 Student Loans are Better than Credit Cards 03-10-2008 Recent Comments Meta Login Valid XHTML XFN WordPress Entries RSS Comments RSS All posts are coming via feeds from websites listed in contributers. 2008 Student Loans.