ACFS Launches New Interest Rate Reduction for Student Loan Holders
American Collegiate Financial Services (ACFS) is now offering a variety of interest reducing programs through their Federal consolidation loan program.
Student loan holders have the option of consolidating their Federal student loans upon graduating, leaving school or dropping below half-time enrollment.
Consolidating allows the borrower to obtain a fixed interest rate, lower monthly payments and take advantage of interest rate reduction programs.Interest rate reduction programs are incentives for automated and on-time payments.
The standard throughout the consolidation industry has been a 0.25% reduction for ACH, an automatically withdrawn payment from a checking or savings account and a 1.00% reduction for making 36 or 48 consecutive on-time payments.
"Unfortunately, borrowers planning to pay their loans off in a few years cannot fully benefit from the 1.00% reduction after 36 months because it takes at least three years to qualify," stated John Vis, President and CEO of ACFS.
Recognizing that student loan holders are individuals with unique financial needs, ACFS has launched a new incentive of a 0.75% reduction, awarded for 12 consecutive on-time payments.
The 0.75% reduction, along with the 0.25% reduction, is the most efficient interest rate reducing program available.
"This [0.75% reduction] allows borrowers to save on their interest and have flexible repayment terms.
We are confident that this new program is the best deal out there," stated Vis.
Eligibility may be determined by calling (800)818-5077 or by visiting www.OneStudentLoan.com.
About ACFSACFS is set to become the nation's leader in providing financial assistance to student loan borrowers.
Its purpose is to educate students and parents regarding student loan debt.
Since its inception in 2002, ACFS has assisted thousands of borrowers in the management and consolidation of over $1 billion in student loans.
ACFS makes higher education more affordable through an innovative loan product and superior customer service.
ACFS, based in St.
Petersburg, FL, offers the nation's best student loan advice at 800.818.5077.
For more information on ACFS, visit www.OneStudentLoan.com.For complete story or a sample copy contact:Janel Landise-mail protected from spam bots800.304.1473 ext. 1007.
Refinance Student Loans - How and Why?
Let's face facts. Going to college these days, especially private universities, is no cheap task and can put you well into debt before you even enter the "real world" for yourself. Most people, especially young college students, do not have the tens of thousands of dollars to pony up every year for college tuition either. Therefore, most college students choose to use student loans to put themselves through college, whereby they can pay the tuition without breaking a sweat. However, when it comes time to graduate from college and pay these student loans back, many people do not know where to begin.
How about refinancing these loans before you even start anything else? Advantages of RefinancingBy refinancing your student loans, you can save yourself hundreds, even thousands of dollars before you start repaying your loans, an option that many people fail to use. When you leave college, chances are that you have a variety of loans on the books with an array of different interest...
Refinance Student Loans - How and Why?
Student loans > Refinance Student Loans - How and Why?
Source And Scope Of Low APR Secured Loans
Low APR secured loans- sounds interesting indeed. But it is not always easy to get. Therefore, one should be aware of the scope and proper source to get the best deal.
But before that, you have to know what is APR? APR means annual percentage rate. It is a yearly rate of interest including fees and costs paid to obtain the loan.
APR is the best measure for comparing the cost of borrowing from one lender to another. As per the regulation, all lenders are bound to disclose the APR.
No doubt, collateral is required to avail low APR secured loan. Like other secured loans, with low APR secured loans, you can borrow up to ?75,000 or125% of your collateral. Besides, these loans are provided with the benefit of a flexible repayment period ranging from 5 to 25 years. With low APR secured loans you can avail cash without getting hole in your pocket.
However, Low APR secured loans pave your way to fulfill your personal desires. Whether...
Student loans > Source And Scope Of Low APR Secured Loans
Student Loan Consolidation Unavailable For Up to 40% of Eligible Students on March 31, 2006
Quincy, MA (ContentDesk) March 24, 2006 -- In less than one week, up to 40% of students and college graduates with federal student loans may find themselves unable to consolidate their student loans with the lender of their choice. New regulations from the US Department of Education will restrict the availability of consolidation options for thousands of students around the country, robbing them of their right to choose which companies may help them manage ever-growing student loan debt. If students fail to file a consolidation application before March 30, 2006, they may possibly lose the right to choose their consolidation lender forever.When the new regulations take effect, students will only be able to consolidate their loans with their current lender, effectively forbidding them from "shopping around" for lenders offering the most money-saving options. Students who hold loans with the Department of Education plus a private lender, or who wish to reconsolidate previously consolidated...
Student Loan Consolidation Unavailable For Up to 40% of Eligible Students on March 31, 2006
Student loans > Student Loan Consolidation Unavailable For Up to 40% of Eligible Students on March 31, 2006
NextStudent Offers Graduate Plus Loans For Fall Semester
PHOENIX (ContentDesk via ContentDesk Direct) July 14, 2006 - It is not too late for student borrowers to receive the funding needed for their fall semester tuition at graduate school. Phoenix-based NextStudent, a premier education funding company, offers federal Graduate PLUS Loans that will finance up to the full amount of graduate school at a rate as low as 8.25 percent.
NextStudents Graduate PLUS Loans can be taken out and distributed upfront or throughout the year. They have all the advantages of a PLUS loan but are directed to graduate students and their needs, with funds that go direct to the student or to the students college or university. In addition, graduate students are eligible for in-school deferments...
Student loans > NextStudent Offers Graduate Plus Loans For Fall Semester