Consolidating Student Loans

President Obama recently announced his federal financial aid reform plan that would completely overhaul the federal student loan program as we know it. Currently, federal student loans are guaranteed by the government, but the government doesn't actually collect any money for doing so. Instead, that money goes into the pockets of the banks and lending institutions that actually issue the student loans. This may all change soon. President Obama's new student loan reform plan ...Read More »

Parent plus loans are a great way for you to assist your children in getting through college. An education can equate to a mountain of student debt, and if you want to help your children bear that burden, a parent plus loan is a great way to do it. What are Parent Plus Loans? Parent plus loans are federally guaranteed loans that allow parents to assist in managing the academic debt of their children. Rather than being ...Read More »

There is a lot of confusion among most students when it comes to graduate plus loans. Among this confusion is who the loans come from, and who can qualify for them. However, the hardest to determine can be when you actually need to get them. What are Graduate Plus Loans? Graduate plus loans are similar to parent plus loans, except that they are taken out by the student themselves rather than their parents. These loans are available ...Read More »

There are two types of federal loan consolidation. Your federal student loans can be consolidated through a private lender or through the government. Consolidation through the government is not as well known, and surprisingly it is not always the best option – although it's usually still a better option than not consolidating at all. Federal Loan Consolidation Federal student loan consolidation by either method is a good move. You can deal with only one lender and ...Read More »

If you have been in school for at least two years, you have probably begun to get phone calls and/or see advertisements that offer to consolidate student loans for you. Getting information before making a decision is important, so it's not a bad idea to look into a few of these offers to see if they could help you reduce your student loan debt or lower your interest rates. There are many good reasons to ...Read More »

Certain careers require 2, 4, or more years of college, along with the degree that goes along with it, which creates a mountain of debt long before you are ready to enter the workforce. College loan consolidation is a great way to manage your academic debt, and you don’t have to wait until you have graduated. Many students consolidate their student loans early, and then consolidate again after they earn their degrees. Advantages of College Loan ...Read More »

Finding the best student loan consolidation program for your particular situation is a relatively easy process, but you have to know what you are looking for. Not all student loan consolidations are the same, and each company or lender has different terms and qualifications. There are several things you should look for to be sure you are getting the best student loan consolidation you can. Pay Attention to the Interest Rate and Finance Charges First, the overall ...Read More »