Now that you've consolidated all of your loans through EdFed and have cut back your monthly loan payments by almost half, what are you going to do with all of the extra money you have? There is no shortage on things that you can spend all of your extra money on! Here at EdFed, we not only help you with your consolidation needs but we're also here to give you suggestions on how to spend the thousands that you saved by consolidating too!
The Whole Band, In Your Hand
If you are interested in gadgets and cutting edge technology then right now is a great time to have extra money to spend. Some of the hottest products these days are MP3 players. Digital music players allow you to upload songs from your computer or CD's on to the players so you can then have them with you in a compact, lightweight package wherever you go. There are a variety of players available including ones that can hold up to 15,000 songs, play videos, and even wirelessly access and download songs. This is a constant and ever evolving technological frontier so this new technology is the way to go.
Cutting Edge Technology
Computers are the most rapidly developing and advancing pieces of technology these days. With prices dropping and technology increasing, there has never been a better time to buy a low priced, high quality computer. So reward yourself for cutting your monthly loan payments down by almost half when you consolidated with EdFed and go out and by a top of the line computer for yourself.
Dress Like A Fashion Model
Fashion seems to change every year with every season. If you bought some clothes last summer, it is safe to assume that they are already out of style. It seems to be a never ending game, and an expensive one to play at that. But since you just saved yourself thousands of dollars off of your student loan debt by consolidating with EdFed, you can afford to play the game of fashion! So go spoil yourself a little bit. You did the research and were smart enough to consolidate your loans with EdFed. And because of our great borrower benefits and other money-saving features, have extra cash to spare! So go have some fun, go fashion wild!
A Few More Ideas
Let's say you already have an MP3 player, a computer and plenty of clothes or maybe you really just don't care about those things. Well there are still plenty of ways to spend the extra money you have burning a hole in your wallet, since you've consolidated with EdFed. You could go on a long deserved vacation visiting one of the many great destinations this world has to offer. Or you could use the money to complete some home improvements you've wanted to get done. You may also want to talk to a financial planner for short and long term investment options to allow you to increase the return you will receive off of your savings.
Those are just some suggestions on how to spend your new-found cash flow. At EdFed, we know you are a bright person (why else would you have chosen us to consolidate your loans?) and we trust that with your great judgment, you will find great ways to spend all of your extra money!
Article Title : Money Spending Tips, from EdFed
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How EdFed Helped others!
Thanks to EdFed, I was not only able to lock in a low-interest rate, but also reduce it through their payment incentives, something that I was told by my current lender was impossible. The reduction in my interest rate saved me $32,825 in unnecessary interest. - Jessica B. Cleveland, OH
Student Loan Consolidation Info - How to Choose the Right Loan Company
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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.
Our Select 5/Graduated Payments repayment option allows for interest-only payments for the first 2 years of repayment. In the third through fifth years, payments increase to include a portion of principal. In the sixth year, payments increase to level installments of principal and interest payments for the remaining term of the loan.