Posts Tagged student loans
Private Student Loans- The Dangers
Posted by Admin in Uncategorized on February 15th, 2010
Private student loans normally have a higher rate of interest than do federally guaranteed loans. Additionally federally backed student loans offer much better borrower’s rights including forbearance and deferment.
It is a shame that many young people who are making plans for college do not look at financing their college education realistically. Read the rest of this entry »
Student Consolidation Information and Must-Knows
Posted by Admin in Uncategorized on February 9th, 2010
It is common for students who have taken out federal or private student loans to pay for their college education expenses to look at consolidating those loans into one.. A consolidated student loan makes life easier because there is only one monthly payment instead of several, and the amount of that payment will be less than the total payments of the individual loans.
As for private student loans, if you do manage to obtain a loan consolidation you are simply trading one or more private loans for another one.. Read the rest of this entry »
Federal Student Loan Consolidation- Repayment Options
Posted by Admin in Uncategorized on January 30th, 2010
There are a number of options available to repay your federal student loans. The repayment plan chosen will be determined by expected income and future income. Repayment plans can be changed each year or even more often in certain circumstances. Read the rest of this entry »