College Graduates Could Lose Thousands of Dollars in 2004
Quincy, MA (ContentDesk) March 6, 2004--College graduates could be looking at a significant increase in the interest rates they pay on federal student loans if they don't consolidate their student loans before July 2004. The US government sets the rates for all federal student loans based on the 91-day Treasury Bill (T-bill) rate at the end of May of each calendar year. The rates are then fixed for the year, becoming effective July 1, and affect all non-consolidated student loans.According to market research firm MarketVector.com, the 91-day T-bill rate is projected to rise from a current 30-year low of 0.91% to as much as 1.78% in May 2004. For a student with $50,000 in loans, this could result in an overall increase of nearly $8,000 in interest over a 25 year repayment term. Additionally, each increase in the federal student loan rate increases the monthly payment on non-consolidated federal student loans such as Stafford and PLUS loans.Joe Cronin, director of StudentLoanConsolidator.com, notes, "With rates projected to go up by as much as 1%, a student graduating college with $50,000 in loans would need to make a salary of at least $60,000 a year in order to make repayment of their loan a minimal financial burden.
By consolidating before rates go up, that same student extends their repayment term and locks in the current rates, and so would only need to make about $30,000 per year to repay their loan and still have money left over for living expenses. That's a huge difference, and with the economy still struggling, the chances of finding a job right out of college that pays more than $60,000 per year aren't as good as jobs around $30,000."Mr. Cronin urges graduates and students graduating prior to July 1, 2004 to consolidate as soon as they are out of school. Locking in current rates can save thousands of dollars, as long as graduates apply by May 15, 2004. Students can consolidate their loans by visiting http://www.StudentLoanConsolidator.com and applying online, or calling 877-328-1565.-30-Contact Joe Cronin at the Edvisors Network at e-mail protected from spam bots for more information; to apply for a student loan consolidation, graduates should visit http://www.StudentLoanConsolidator.com as soon as possible.StudentLoanConsolidator.com is a division of the Edvisors Network, a multi-national education services company offering students options for managing the entire education lifecycle, from getting into their college of choice to financing their education and beyond.
The Edvisors Network is based in Quincy, Massachusetts, with offices in Quincy and London, England. Visit them on the web at http://www.EdvisorsNetwork.com for more information..
Is A Student Loan Consolidation Or Federal Student Loan Consolidation Right For You?
Copyright 2005 Dean Shainin
With the cost of education going through the roof, going to college can be very costly. Many students don't have thousands of dollars to pay their way through college. This is why so many college students use student loans and federal student loans to get themselves through college. When it comes time to pay back their student loans, it can be a real burden and a distraction from their career.
Today's career minded students can get help with the burden of having several student loans. One can focus on their chosen career, instead of losing sleep over paying several monthly student loan payments.
Student loan consolidation and federal student loan consolidation can be the solution with several benefits.
How Does Student Loan Consolidation Work?
Here is typically how a student consolidation loan works. When a student first applied for several loans from several different agencies and student loan providers,...
Student loans > Is A Student Loan Consolidation Or Federal Student Loan Consolidation Right For You?
Are you ready for Your Student's Student Loans?
Your son or daughter is a high school senior and your worried about the coming year, and more importantly, the coming student loans? College has become so important in your children's future that parents have begun to plan for it at their child's birth. But, not all of us, as new parents thought that far ahead or could afford too. So, now what? Student loans, whether they are federal loans or not, are options to considered, but to understand first.Many students that enter college need financial aid. College financial aid provides for instruction as well as the costs of books. But, usually, it does not provide for living arrangements or meals.
These are added expenses most of the time.Federal financial aid or Federal student loans are very common choices for college. Federal financial aid are usually grants which do not have to be paid back. Federal loans are loans backed by the government and do have to be paid back but with a low interest rate. These loans usually have ten years...
Are you ready for Your Student's Student Loans?
Student loans > Are you ready for Your Student's Student Loans?
Private Student Loan Consolidation
Private student loan consolidation is one of the debt repayment tools that saves the time and money of borrowers. Private student loans, also known as alternative student loans and personal student loans are credit-based loans offered by private lenders to meet student educational expenses. Private student loans are generally issued according to the student's level of study and are offered by non-federal organizations such as The Education Resources Institute (TERI) and private banks. Usually, private student loans have a higher rate of interest compared to federal student loans. Above all, the federal government does not guarantee private student loans, and their interest cannot be subsidized.
A private student loan is consolidated in the same way as any private loan is consolidated. Private student loan consolidation services are available on the Internet. Private student loan consolidation brings all private student loans under one repayment plan. As a result,...
Student loans > Private Student Loan Consolidation
Loans For Homeowner To Consolidate Their Debts
Are you a homeowner and swimming in debts? It is the time to find the worth of your home. And it will pave your way for a debt free future. Now, with debt consolidation loans a homeowner can get relief from his debt-burden.
A homeowner can avail debt consolidation loans against his home. Here his home acts as security on the loan. Lenders keep security with them unless the amount is not paid.
Since, these loans are served against home, thus a homeowner can borrow relatively high amount that could be ranged from ?5,000 to ?75,000.
Debt consolidation loans are offering you to consolidate all your debts into a single manageable debt that is convenient to repay. This point needs to be explained. For instance, you have taken loans from various lenders at different interest rates. Now, with debt consolidation loans you can merge these different loans into one that you will avail at lower interest rate from a new creditor.
Debt consolidation...
Student loans > Loans For Homeowner To Consolidate Their Debts
College Graduates Could Lose Thousands of Dollars in 2004 Student loans
Mystery Novelist Digger Cartwright Comments on Death of Mickey Spillane
Orlando, FL (ContentDesk) July 21, 2006 -- Digger Cartwright, author of Murder at the Ocean Forest, issued a brief statement today regarding the recent death of fellow writer Mickey Spillane, who was a resident of Murrells Inlet, South Carolina and creator of private detective Mike Hammer. Mr. Cartwright learned of Mr. Spillanes death while in Florida promoting his latest novel, "Murder at the Ocean Forest." Mr. Cartwrights statement was as follows: I am saddened to learn of the passing...
Mystery Novelist Digger Cartwright Comments on Death of Mickey Spillane
Student loans > Mystery Novelist Digger Cartwright Comments on Death of Mickey Spillane
College Graduates Could Lose Thousands of Dollars in 2004 Student loans
Six Super Easy Weight Loss Tips
If you have been trying to lose weight permanently, then these six weight loss tips may be just what you need to kick start your weight loss program. You may have heard some of them before, but if you make them a part of your core goal, you will not have as much difficulty achieving your weight loss goals. Include exercise in your lifestyle If you want to achieve long term weight loss, you must not only be careful of what and how you're eating, you must get off your butt and exercise. It...
College Graduates Could Lose Thousands of Dollars in 2004 weight loss Student loans Six Super Easy Weight Loss Tips
Student loans > Six Super Easy Weight Loss Tips
NYPD Blue Discovers Fame in Online Auction
Photographer Jonathan Pankhurst, sells his images to the highest bidder on an online auction site. One of his most popular images is that of Scott Lambiase, a New York Police officer. ?NYPD Blue vs City trader' was discovered, whilst searching for posters on an online auction site, by a family friend Louise ?I think it is a great photo of a great guy'. LONDON, UK March 1, 2004 -- ?The image was shot around 2 years ago, on a trip to New York. At the time of taking the image I did not get the chance...
photo printer College Graduates Could Lose Thousands of Dollars in 2004 Student loans NYPD Blue Discovers Fame in Online Auction
Student loans > NYPD Blue Discovers Fame in Online Auction