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Information on mortgages, home equity loans, and consumer credit to help you use the power of financing to your advantage.
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• No cost student loan consolidation
• 2005-2006 General Student Aid Information - Tips to Getting Aid Without Delay!
• Should I consolidate. If a Direct Consolidation Loan offers you a lower rate than your current loans, you may want to consolidate. Currently, the interest rate for a Direct Consolidation Loan is based on the weighted average interest rate on the loans being consolidated, rounded to the next nearest higher one-eighth of one percent. This rate is fixed for the life of the loan and cannot exceed 8.25 percent. Use our online calculator to find out what your weighted average interest rate would be if you consolidate with us.
• Federal Student Financial Aid Deadlines.
• What Students and Parents MUST Know about Student Loans. A student loan helps you get through college. Then you come out into a high-paying career. It's a great investment in your (or your sons/daughters) future. Student loans generally give you a good deal. You get below-market interest rates, and you get a $2500 federal tax credit on interest paid over any period of time (previously first 60 months only)
• A College Loan Will Finance Your Education! A college loan has given people all over the United States a chance to further their education, even if they are not making a lot of money. Education loans can be a big help in paying for college. You'll find these loans offer a low interest rate and a generous repayment period.
• Overwhelmed By Student Loan Debt? Consider a Consolidate Student Loan.
A consolidate student loan is the perfect solution for people who need help managing their debt. If you have several different loan payments but want to make only one payment per month, you should apply for a Federal Consolidation Loan. With loan consolidation, your lender will combine your present loans into one single loan. If you do decide to get a consolidate student loan, you will pay interest on a fixed rate. The rate is determined by the average of your loans, and is averaged up to the nearest .125 percent. If you make direct loan electronic payments, you may get a lower interest rate. As student loan debt is usually not the largest debt a person has, it may make sense to include it in a consolidate student loan.
• Dos and don'ts: Student loans.
Parents should begin saving money early for their children's college education because of the high costs and expectations that parents will pay part of the costs associated with the education. Several stock mutual funds are recommended.
• For some, student loans become heavy burden. Brennan Taylor has a good job, but spending $200 on his daughter's seventh birthday seems like "an awful lot."
• Student loan company Sallie Mae goes private. Student loan company Sallie Mae became a private company Wednesday, severing its ties with the federal government.
• Wanted: Small-town students who want to be country docs. Wanted: small-town students who want to become country doctors. Tulane University is mounting an effort to bring more doctors to underserved rural Louisiana.
• Why wait to learn your admissions fate? Colleges now says 'yes' or 'no' face-to-face. Credit card and mortgage companies promise customers an answer "while you wait" on loan applications. Now, more and more colleges are doing the same _ visiting high schools and letting applicants know their admissions fate right on the spot.
• Beware of costly college financial aid scams.
After a 90-minute sales pitch from a company that promised to increase the financial aid eligibility of her college-bound kids, Corrine Nocerino signed a $1,950 contract on the spot. She would soon regret that decision.
• College loan program lacks oversight, congressional auditors say. The Education Department lacks oversight of a rapidly growing program that lets colleges lend money and turn a profit at public expense, congressional auditors say.
• Cost of college tuition rises again, but at a slower rate. College tuition rose at a somewhat slower rate this year, climbing 10.5 percent at public four-year colleges and 6 percent at private ones, a study found.
• Survey: Lack of financial aid info keeping Hispanics from college. Scant awareness of financial aid is creating a barrier between Hispanics and college, according to a new report.
• New college grads need to balance spending, debt payments. New graduates often must juggle finding a place to rent, buying a car and investing in an office wardrobe. At the same time, accumulated credit card bills and college loans must be paid
• How to pay off college loans. I graduated from college this spring, and finally landed a job. How do I start paying off my student loan debt?
• College Costs: Your child should pay 25%. Parents always want to do the best they can for their children. But a crucial part of doing the best for your children is giving them the empowerment that comes with taking responsibility.
• More families bank on loans to pay for college, study finds. More full-time students from higher-income families are taking on debt to pay for college, reflecting rising costs and greater loan options.
• Paying for college: making up the shortfall. Now that it's time to apply for college, how do you maximize the investment/savings you do have, and make up a shortfall? Not choosing the right college can cost you money. Transferring to another school can mean significant expense, including tuition for course work to make up lost credits - yet approximately 60 percent of students who enter a college as freshmen do not graduate from that school. Most leave because they realize they chose the wrong college.
• Students, parents can refinance college loans at low rates. Low mortgage interest rates sparked a boom in home refinancing. Now low short-term interest rates could do the same for college loans.
•Students' debt can bring financial trouble. Many college students are crushed under a burden of credit card debt, which can cause serious financial trouble particularly in repaying student loans, congressional investigators have concluded.
• Graduates saddled with debt should look at holding down expenses, refinancing loans. Diplomas in hand, this year's college graduates now must face the real-world test of paying off the student loans and credit card debt they accumulated in school.
• Graduates get chance to lower their debt costs through student loan consolidation. Jason Manning received his masters in education degree last month, but he's already gotten a welcome reprieve in repaying his $35,000 student loan debt _ his monthly payments are being cut in half, to $150.
Loan Calculator
• Amortizing Loan Calculator Enter your desired payment - and let us calculate your loan amount. Or, enter in the loan amount and we will calculate your monthly payment!
• Loan Prequalification Calculator. Use this calculator as your first step in determining your ability to qualify for a loan.
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