College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider




Student Loan Consolidation - An A+ Idea
A student loan consolidation will permit borrowers to merge the existing student loans. As an example, if a student has three divided government or private student loans student loans, the student can consolidate them into one single loan. Theoretically, all three of those loans will be considered paid in full and a new loan will be started in place of the previous loan. This new loan usually comes with low interest as well as reduced monthly payments made towards the principal balance, which in turn frees up the additional money either to be used towards paying off the loan quicker or other important expenses.

A student loan consolidation program helps by consolidating loans of the student. This is beneficial in 3 distinct ways. First, it's more convenient. Students with multiple loans also have to make multiple payments every month; and not always at the same time of the month. That means there is more paperwork and due dates to keep track, with a chance that one of them will remain unpaid. With consolidation, there is only one loan payment due every month instead of two, three, or even more. This is often easier for many student and graduates to handle while paying of student loan debt. One nice thing to note is that unlike other forms of debt management, such as debt consolidation or debt settlement, a student consolidation will not be counted as a negative on your credit report.

An additional advantage of a student loan consolidation is that it may save student's money. A student with three or more outstanding loans may be required to make $100 payments each month to all three lenders. That is a total of $300 per month. After consolidation, only one payment is necessary and that sum is usually much less than the collective payments from all of the loans. That can be an enormous advantage for students who have just a started in their careers or who do not have the income needed to cover large loan expenses right away. You must be cautioned, in some cases, the sum owed to pay towards the loan may be either the same or larger; but it still has the advantage of a regular interval of payments which have to be made.

Consolidating student loans may open up added opportunities for students. They may be given new choices to postpone the payments or additional repayment possibilities. This added flexibility can come in handy for students wanting to continue their education even further, struggling to find employment or experiencing financial hardship. It's vital to remember that a student loan is privy to the student loan repayment terms as long as the person holding the debt is indeed a student. Once you complete your studies, in some cases, your interest rate on the loan may increase as well as a shortened period of time to pay such loan back to the government. This non-student status makes a student loan consolidation plan a very attractive and viable option, especially for those graduating in the near future.

Student life, generally is a wonderful period of life for anyone. Instead of wasting it worrying about loans, use the A+ idea of student loan consolidation.



 


Article Title : Student Loan Consolidation - An A+ Idea
Comment not found for this article.
 
Comment

Related articles
• The ABC's of Student Loan Debt Consolidation
• More About Student Loan Consolidation Programs
• Student Loan Consolidation Guide
• Student Loan Consolidation Center
• Paying Up Student Loan Made Easy

Share this story:
  • BlinkList
  • blogmarks
  • del.icio.us
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz
 



EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
I would like to thank EdFed for all their help. I called EdFed to do my consolidation and they were so helpful. The nice thing about EdFed is one person helped me throw out my whole consolidation. They saved me a lot of money and I just want to say thanks again.
- Jill S.  Los Angeles, CA
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

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.

read more
CONSOLIDATION NEWS
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
CALCULATORS
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Articles
Calculators
FAQs
Glossary of Terms
Loan Comparison Chart
Scholarship Search
It is very important that you choose your consolidation lender carefully, because you will have a relationship with that lender for years to come.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2021 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
EDFED NEWSLETTERS
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives