NextStudent Enters Securitization Market for First Time
Phoenix, AZ (ContentDesk via ContentDesk Direct) April 28, 2006 -- NextStudent Inc., through its affiliate companies, last week completed its first securitization of student loans when the NextStudent Master Trust I issued $571 million in Auction Rate Student Loan-Backed Notes in a nonregistered private offering.Citigroup was the lead investment banker on the deal. Co-managers included JPMorgan, Deutsche Bank Securities Inc. and RBC Capital Markets. With the successful issuance of these securities, NextStudent has completed its transformation from a student loan and scholarship search/marketing company to a student loan finance company, said John F. (Jack) Wallace III, Executive Vice President of Finance at Phoenix-based NextStudent.
As a first-time issuer in the U.S.
capital markets we are pleased with the investors reception of our securities, said Wallace.The proceeds of the transaction were used to purchase a portfolio of federally guaranteed Consolidation, PLUS and Stafford student loans previously held through a bank warehouse facility. Additionally, approximately $150 million was pre-funded for the purchase of PLUS, Stafford and Consolidation student loans during the next six months. NextStudent plans to enter the Asset Backed Commercial Paper market next month by closing a $500 million deal led by JPMorgan. Citigroup and Banc of America Securities will be co-managers on the deal, Wallace said.About NextStudentNextStudent, http://www.nextstudent.com/, listed at No. 17 on the Top 100 Consolidating Lenders for fiscal year 2005, is dedicated to helping students and their families find affordable ways to pay for college.
NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education lending products and services including an online scholarship search engine, federally guaranteed student and parent loans, private loans, student loan consolidation programs and college savings plans.The NextStudent Scholarship Search Engine, one of the nations oldest and largest scholarship search engines, is updated daily, available free of charge, completely private -- and includes a database of 2.4 million scholarships worth approximately $3.4 billion.For more information about NextStudent and its student loan programs, please visit the companys Web site at http://www.nextstudent.com/.Contacts:John F. (Jack) Wallace IIIExecutive VP of financeNextStudent(480) 250-1992.
Getting Consolidation Loans Right
Consolidation loans allow you to consolidate your monthly payments to several creditors into one, larger monthly payment.
These loans can help individuals to lower their monthly payments, pay off debt faster, and lower the amount of money that you pay overall.
But, consolidations loans are often more difficult to get than other loans.
Because they are not normally backed by collateral, your credit rating will often need to be relatively high.
Or, if you have collateral to back your loan amount, this can help you qualify for the consolidation loan as well.
These loans work by providing you with the money to pay off your other debts.
Car loans, student loans, credit card debt and other types of personal loans can often be included in the consolidation loans.
These loans will in effect pay off your old loans and you will have one, larger loan to pay off.
Consolidation loans are a...
Student loans > Getting Consolidation Loans Right
Student Loan Refinance
There are basically two types of Student Loans: Federal Student Loans and private loans. Federal loans are based on the financial need of the applicant [student] and are backed by the US government.
They can be refinanced at far lower interest rates than private loans.
Private loans are personal consumer loans.
Just as in other refinances, the main aim of Student Loan Refinancing is to reduce monthly payments to the lender.
If the student has borrowed more than one loan, as in other types of refinance, the easiest way to accomplish this is to consolidate the loans [known as 'debt consolidation'].
But before debt consolidation, the student has to see that federal and
private loans are not combined.
If they are combined, the interest on the combined principal may turn out to be more than the total interest of the accrued loans considered separately.
Consolidating federal loans
and private loans...
Student loans > Student Loan Refinance
Know The Basic Features Of Personal Auto Loans
Personal auto loans are loans that are given for different automotive purposes, like buying a car, truck, SUV and so on. These days, many lending institutions provide these loans. Thus a borrower can easily get these loans without any hassle. But, there are some pre requisite criteria that are required before applying for a personal auto loan. These are as follows,
? You will have to submit your income proof that can be verified
? Your residential address proof that also can be verified.
? You must have a good credit history.
? You should be a holder of valid driving license
? You may have to submit personal reference including items like your phone bills, bank statements, tax returns and so on.
If you are a first-time auto buyer, then do not get nervous as there are many lenders who offer loans for those who apply for personal auto loans first time.
However, the interest rate on personal auto loans is depended on the following...
Know The Basic Features Of Personal Auto Loans
Student loans > Know The Basic Features Of Personal Auto 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
Hip hop?s spiritual messenger rises out of the twin cities with The book of knowledge
(ContentDesk) July 14, 2004 -- An important album is about to be released in August 2004 on 306 Entertainment, a new Minneapolis Based record label, entitled, THE BOOK OF KNOWLEDGE. The album will introduce the world to hip-hop's spiritual messenger Alfonso Marcello Green P/K/A Knowledge MC. The BOOK OF KNOWLEDGE is Knowledge MC's personal testimony as to how the love of Jesus Christ saved him from a life of destruction. Knowledge, who is considered a ?spiritual' MC, credits the word of God...
diamonds Hip hop?s spiritual messenger rises out of the twin cities with The book of knowledge
Student loans > Hip hop?s spiritual messenger rises out of the twin cities with The book of knowledge
Searching for Inner Peace: Stressed Exec Finds Peace in Practing Yoga
(ContentDesk) April 14, 2006 -- Teresa Lopez of Santa Fe, New Mexico was the typical type-A personality, goal-oriented, success-driven professional whose career consumes them. Stressed, tired and looking for some answers, she wandered into a Dahn Yoga center and her life changed. I had been trying to find a structured yoga program that wouldnt twist my body like a pretzel and would support me on my home practice. Today I have more energy, sleep better, am happier and more centered and I attribute...
Student loans mortgage calculator NextStudent Enters Securitization Market for First Time Searching for Inner Peace: Stressed Exec Finds Peace in Practing Yoga
Student loans > Searching for Inner Peace: Stressed Exec Finds Peace in Practing Yoga
Always Win in the Casino Like James Bond
In the Bond film 'Diamonds Are Forever' we see James Bond confidently approach the craps table, call out a few choice bets, roll the dice, and collect his winnings under the admirering eyes of Lana Wood. 'Hey', she says, 'You handle those dice like a monkey handles coconuts.' It's great to appear the winner in a casino. Anyone can always win. Here's how: Set a gambling budget just the same as you would set your hotel, food, and show budget. That money you set aside for the casino is already gone...
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Student loans > Always Win in the Casino Like James Bond
Student loans NextStudent Enters Securitization Market for First Time