Higher Education Act Delay Allows College Graduates to Consolidate Student Loans
Quincy, MA (ContentDesk) October 3, 2005 -- Legislative changes affecting federal student loans have been pushed back in Congress for at least 60 days, giving recent college
graduates a window of opportunity to consolidate their federal
student loans at the current interest rates and programs. Graduates can take advantage of locking in low interest rates and transforming
their variable rate federal student loans into fixed rate loans.Both houses of Congress spent a fair portion of the summer designing revisions to the Higher Education Act of 1965 (last reauthorized in
1998) which, if passed, would make significant changes to federal financial aid programs. Some of the proposed changes include:-????Penalizing graduates with higher interest rates if graduates choose a fixed rate consolidation over a variable rate consolidation,-????Stafford Loan interest rate increases from the current 5.3% to 6.8%,-????Reduction of $5 billion - $12 billion in funds from higher education funding,-????Elimination of spousal consolidation, which allowed married couples to consolidate their loans together,-????Preventing graduates who opt for income contingent repayment plans from consolidating their loans.Not all of the proposed changes will be ratified in the final passage of the Higher Education Act Reauthorization of 2005, tentatively titled the College Access and Opportunity Act of 2005. However, there are enough changes to the student loan consolidation program in the
House and Senate committee drafts to warrant concern for any recent graduate with federal student loans.Katie Dexter, Director of Operations at the popular
www.StudentLoanConsolidator.com web site, states, "With no fees, no credit checks, and low rates, there's no reason not to consolidate,
especially since legislative changes make it very hard to determine what benefits will be available for graduates who wait.""However, graduates need to act today," urges Ms. Dexter.
"Very often, graduates wait until the last minute to file their paperwork and by then, they may not be able to insulate themselves from
potential changes in the consolidation program."Students wishing to file a consolidation application should do so at
http://www.StudentLoanConsolidator.com immediately or call (877)
328-1565.Contact Katie Dexter at StudentLoanConsolidator.com by email 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 service of the Edvisors Network, a
multi-national education services company offering students options
for managing the entire education life cycle, 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..
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...
Student loans > ACFS Launches New Interest Rate Reduction for Student Loan Holders
Student Loan Consolidation ? How does it Work?
Student Loan Consolidation ? How does it Work?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.Both students and their parents can consolidate loans. Should I consolidate my loans?Loan consolidation offers many benefits:-Locks in a...
Student Loan Consolidation ? How does it Work?
Student loans > Student Loan Consolidation ? How does it Work?
Private Student Loans ? dispelling the myths
Private Student Loans ? dispelling the mythsIf savings, grants, scholarships, and federal loans don't cover the cost of your education, it's time to turn to private loans. But young college students can't qualify for a private loan, can they? Wrong! This article addresses this and other myths about student loans that you may run into.I don't have any collateral, so I can't get a private loan.Private loans are usually unsecured, which means no collateral is required. On the downside, this may also mean a higher interest rate.I don't have a good credit history (or no credit history at all)Since the government doesn't back private loans, your credit history is a consideration in being approved for a loan. If your credit history is bad or non-existent, you may be subject to a higher interest rate. And remember, you can always get a co-signer.
Pay your loan off on time, and soon you will have a good credit history!I have enough funds for tuition and fees, so I can't get a private loanIn...
Private Student Loans ? dispelling the myths
Student loans > Private Student Loans ? dispelling the myths
Direct loans, the new way to fund going to college
Going to college can be an expensive proposition for both the student and the government. Many people are finding that going to college is an impossible dream due to raising tutitions and cost of living unless they receive help in the form of a scholarship or loan. Of course the raising costs of everything are no reason that any bright child should not receive a higher education and achieve all they can aspire to.In the past the federal government has had a lending program to assist people with funding their secondary education costs but this system has it draw backs. The old system of student loans was fraught with fraud, was time consuming and very confusing to most people. With the old system there was more than 7.000 lenders with 65 secondary markets and 35 guaranty agencies.
For one loan most students would have to fill out countless forms and apply to numerous agencies until they finally got the answer they needed.The other big problem with the old lending system was the...
Direct loans, the new way to fund going to college
Student loans > Direct loans, the new way to fund going to college
Payday Cash Advances
Many people who depend on their paycheck to pay the bills and for other shopping might face a dire situation if an unexpected emergency crops up in the middle of the month when payday a long way away. Such people can opt for cash advance on their pay from banks or private cash advance companies. Medical emergencies and higher than expected bills are a few reasons as to why a person might opt for a payday cash advance.
Cash advances are made to individuals based on a credit card or...
Student loans > Payday Cash Advances
A Simple California Debt Consolidation Loan Can Save You Money Immediately, And Even Stop Foreclosure
Many people contact us when they are 30, 60 and 90 days in their mortgage payments. If they are this late with their house payment they are generally behind with the car and have several credits cards that are maxed out. A simple debt consolidation loan would take of all these troubles. By using the equity in your home all the debts would be paid off and you are left with a clean slate and generally spending less money every month.For more information please go to: http://www.goldmedalmortgage5.com/california/10/California-Debt-Consolidation-Home-Mortgage-Loan.htmlOne...
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Student loans > A Simple California Debt Consolidation Loan Can Save You Money Immediately, And Even Stop Foreclosure
Plasma TV The Price Goes Down
Plasma TV has become an important part of television technology. Over the past few years, there have been several major advances in the industry, including the plasma TV. As with any major technology advances, the plasma TV is quickly becoming more affordable - good news for the consumer.
There are several reasons the price of the plasma TV is becoming more affordable. The first is the same reason that most technologies come down in price - the fact that the technology becomes more...
Student loans > Plasma TV The Price Goes Down
Building Wealth Through Real Estate Jobbing
In our Accounting class we had a good teacher. Among the many things he taught us, I can still remember clearly how his voice resonated against the class room walls when he talked about depreciation and real estate.He said that all physical assets including building, machinery, furniture, is subject to waste and decay. All physical assets (of course except land) have to be depreciated. Even if you talk about money, in time due to inflation and other factors its value will decrease. A $100 ten...
Building Wealth Through Real Estate Jobbing
Student loans > Building Wealth Through Real Estate Jobbing
March Plasma Systems Opens Advanced Plasma Applications and Demonstration Laboratory in Shanghai, China
Concord, CA (ContentDesk) March 23, 2006 -- Building on over 20 years of continuous plasma technology innovation, March Plasma Systems announced today that it has established an advanced plasma applications and demonstration laboratory in Shanghai, China.The new laboratory is located within the existing March-China offices located at 828 Xin Jin Qiao Road, Pudong, Shanghai 201206, China. The direct telephone number is: +86 21 5854 2345, and the direct facsimile number is: +86 21 5854 9150.To manage...
March Plasma Systems Opens Advanced Plasma Applications and Demonstration Laboratory in Shanghai, China plasma tv Student loans Higher Education Act Delay Allows College Graduates to Consolidate Student Loans
Student loans > March Plasma Systems Opens Advanced Plasma Applications and Demonstration Laboratory in Shanghai, China