5 Good Results of Student Loan Consolidation
1. No credit card, check or processing fees
No credit card check is required during the application of a student loan consolidation. The payment plans and terms are usually quite flexible in that they can customize it according to your financial standing.
1. No credit card, check or processing fees
No credit card check is required during the application of a student loan consolidation. The payment plans and terms are usually quite flexible in that they can customize it according to your financial standing.
2.
Make monthly student loan payment electronically
While it is not necessary to make payment electronically, most lenders will knock 0.25% off your student loan rates if you make payment electronically. Also, using direct debit from your bank account will prevent you from forgetting to make a payment.
Sometimes it can get quite confusing as to the qualification of applying for a student loan consolidation. The official stand of the government is that students who are still in their grace period or who are still studying in school may qualify for government student loan consolidation.
While it is not necessary to make payment electronically, most lenders will knock 0.25% off your student loan rates if you make payment electronically. Also, using direct debit from your bank account will prevent you from forgetting to make a payment.
Sometimes it can get quite confusing as to the qualification of applying for a student loan consolidation. The official stand of the government is that students who are still in their grace period or who are still studying in school may qualify for government student loan consolidation.
3.
Lower monthly payments
By consolidating all your student loans into one loan, you only need to pay off one loan monthly instead of several student loans monthly. Thus, your monthly payment is lower.
By consolidating all your student loans into one loan, you only need to pay off one loan monthly instead of several student loans monthly. Thus, your monthly payment is lower.
4.
Pay only one loan monthly instead of several student loans
monthly
It is a lot easier if you have to manage only one student loan instead of several student loans with different payment deadlines. Also, sometimes with many student loans, you may end up forgetting to pay one student loan.
It is a lot easier if you have to manage only one student loan instead of several student loans with different payment deadlines. Also, sometimes with many student loans, you may end up forgetting to pay one student loan.
5.
Low, fixed interest rate
By consolidating your student loans, you will be able to take advantage of low, fixed interest rates. Currently, by law, student loan consolidation rates cannot exceed 8.25%. Furthermore, national interest rates are at a 40-year low therefore this is a good time to get one.
By consolidating your student loans, you will be able to take advantage of low, fixed interest rates. Currently, by law, student loan consolidation rates cannot exceed 8.25%. Furthermore, national interest rates are at a 40-year low therefore this is a good time to get one.
Student Loan Relief offers an affordable way to make your Federal Student Loan debt easier to manage. Our Alumni Financial Aid Advisers work with you to identify the best combination of Federal, State, and/or Local programs for which you qualify. Jason Spencer is part of Student Loan Relief team. Click here
| http://www.studentloanrelief.us |
