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South Carolina Student Loan Corporation – Overview & Their Loan Programs

August 27, 2011

South Carolina Student Loan Corporation

There are many aspiring students in the state of South Carolina that have the dream of attaining a degree at one of the many very accedited schools in the state, but the cost of it is often times overwhelming and downright discouraging, but don’t let these facts hinder you from going after and attaining your goal. The South Carolina Student Loan Corporation is there for all the South Carolina natives when it comes to getting the money they need to complete their college education. In the next section we will discect the South Carolina Student Loan Corporation in its entirety so you know the ins and outs of what they have to offer so you can make the descision if they are a good program to go with, or to try another.

South Carolina Student Loan Corporation

South Carolina Student Loan Corporation – Overview

The South Carolina Student Loan Corporation has the basic goal of providing you with funds needed when all of the other financial aid you have just isn’t enough. They were established in 1973 and are still the only non profit student loan lender in the state. South Carolina Student Loan Corporation offers many different benefits to its eligible applicants, to give you a feel for what benefits you will enjoy with them, here is a list:

  • You don’t have to pay a fee to apply
  • No federal default or origination fee
  • They also provide many ways of savings on your loan
  • Allowance saving benefits
  • Lenient repayment methods where you they will cater a payment plan that fits what you can meet financially

South Carolina Student Loan Corporation – Different Loans For Different Students

Here are all the different types of loan programs that you can take out, no matter what the level of schooling your are going to enter:

  • Stafford Loan Program – Loans with low interest that, the subsidized being a need based loan, and the unsusidized not based of needs and easier to qualify for
  • Parent Plus Loan Program – Enabling parents to take out loans for their students
  • Federal Graduate PLUS Student Loan – Dedicated for the graduate and professional degree seekers, that boasts a fixed interest rate and can borrow up to the cost of attendance.
  • Palmetto Assistance Loan – Interest fees as low as 1 percent, with the possiblility of having interest payments be tax deductable, discounts for signing up for automatic monthly deduction from your bank account.
  • South Carolina Teachers Loan – Offers many benefits that  cater to aspiring teachers
  • SC Program of Alternative Certification for Educators Program Loan also known as the PACE loan – Also there for aspiring teachers
  • Residency & Reloaction Loan – Are there for all of the 4th year medical students
  • Career Changers Loan – Also another option for teachers or those looking to switch to teaching as a profession
  • Law Practice Review and Exam Preperation Loan – Caters to Law students

South Carolina Student Loan Corporation – Other Services:

They also provide many of their clients with the chance to participate in student loan forgiveness programs where you will have to fufuill certain requirements to the likes of the South Carolina Student Loan Corporation.

If you obtain a loan from the South Carolina Student Loan Corporation, you can also choose to consolidate your loans with them as well as they offer this service. They are offered for people who have both federal and private loans and can provide an excellent way to save by providing lower monthly payments.

South Carolina Student Loan Corporation – Conclusion

Now that you know all the major details about the South Carolina Student Loan Corporation, you can see that they offer help in many facets of education help. At the end of the day South Carolina Student Loan Corporation is both accredited and has over 30 years of experience, making them an excellent lender to go with for your school loans.

Iowa Student Loans – All about the Iowa Student Loan Program

August 26, 2011

Iowa Student Loans

If you live in Iowa and are looking for help with tuition costs, then Iowa Student Loans can no doubt assist you with this process. If you are not familiar with who they are, Iowa Student Loans is a non profit private loan lender who is there to assist Iowa residence in getting money to use for their schooling. They were established in 1979 and have grown to now managaing over 3.5 billion dollars in loans anually. To get your even more familiar with them, the information below will expand even more on Iowa Student Loans explaining all the loan programs and the process in which they take to get the best loan for you.

Iowa Student Loans

Iowa Student Loans – Overview & Loan Programs

Basically what encompasses the Iowa Student Loans organization is both federal and private loans and are offered to their applicants as way to meet the financial needs of whatever you other financial aid, like grants, scholarships, family help, isn’t covering. When it comes to the Iowa Student Loans federal loan options, which they encourage you to pick first because of the affordablility and better repayment options, there are 4 different options that can help all differnt types of students. The 4 are:

  1. The Federal Perkins Loan
  2. The Federal Stafford Loan which has the option of subsidized, or based on financial need, or unsubsidized which is not based on financial need.
  3. Direct PLUS Loan
  4. Direct PLUS Loan option is also available to graduate students as well as students who are seeking a professional degree.

As far as the private loans go with Iowa Student Loans, they currently have 2 different options to choose from:

  1. The Partnership Advance Student Loan – This one comes with fixed rates and doesn’t require that you start paying it back until 6 months after school is over, and comes in three different forms. This option allows you to take out up to 80,000 dollars for school.
  2. Iowa Alliance Private Student Loan – Doesn’t require a co-signer and has an annual APR rate of 9.82 percent

Iowa Student Loans – Getting The Right One for YOU

If you go through Iowa Student Loans, they have a program that figures out the best program for you which is figured out by caluclating 5 different categories which are :

  1. Determining your need which will be calculated by figuring out how much your education will cost for the school you want to attend as well as factoring any other financial aid that you are receving not in the form of loans.
  2. The second step of the Iowa Student Loans process is to apply for a personal identification number, which will make the process of applying much easier for everyone. If you are taking out a loan with the help of a parent, they will need to get a PIN number as well.
  3. You will then fill out a Free Application for Federal Student Aid (FAFSA) which will determine which programs you are eligible for.
  4. The next step is the review of results.
  5. The last step of the Iowa Student Loans process is the review of the reward letter, where you will view see which financal aid programs you are eligible for.

If you like what you have seen here, and want to contact Iowa Student Loans to see what they can do for your financial aid needs, they can be contact by phone which is toll free through their customer service branch at: 1 -800-243-7552.

 

How To Pay Off Student Loans FAST – 9 Methods

August 26, 2011

How To Pay Off Student Loans Fast

If you are looking for how to pay off student loans methods that will enable you to get your debt wiped clean way faster than normal, we’ve go you covered. Below will be 7 different methods that all show you how to pay off student loans faster than you every may have thought possible.

Pay Off Student Loans

How To Pay Off Student Loans – 7 ways

  1. The first way that we will suggest when it  comes to how to pay off student loans fast is to keep living like you are in college. Budget shopping has been done by all of us in college and is a great way to save money, a lot more than when you were in college because now you have a monthly check coming in from you job, allowing you to live like a student but earn career income.
  2. With many loan options out there, there the grace period as you might know, which allows you a 6 month timeframe where you don’t have to pay. Do not wait until the 6 month timeframe is up. Right when you are done with college, start paying your student loan payments from day one.
  3. If you can, pay more than the minimum. Student loan debt programs, or any debt programs for that matter, want to keep you around for as long as they can by giving low monthly payments, but you end up paying a lot more in interest. If you can double up, or even add an extra 30 dollars each month, you will be able to pay off student loans faster. While were on the subject, you should try to pick the shortest repayment plan available.
  4. Another remedy to your how to pay off student loans quicker is to negotiate your the offer you get on your first job. Also, you should wait it out, if possible and not hop on the first job you get, try to find one that pays a little more, say 1500 more, so then you can pay off your debt with that extra 1500.
  5. Another way when it comes to the subject of how to pay off student loans a lot faster is to start saving for retirement. I know it may sound strange but saving for retirement while you have student debt does more than just help set you up financially when you hang it up, it actually provides you tax benefits. If you enroll in what is called a Registered Retirement Savings Plan (RRSP) you will pay less tax. Also, you can always decide to take out what you saved in retirement as one large last payment to finish off your debt completely. So this method can be very powerful.
  6. Another way when askign how to pay off student loans faster is: Do not let instant gratification hinder your from paying off your debt. In other try to avoid the “shiny object” plague until after your student debt is paid off. Although you have to treat yourself sometimes. kind of like a diet eating 6 days health and eating up on the 7th day, but try to stay as disciplined as you can.
  7. There is also the option of loan forgiveness programs where you can get a big part of your debt wiped out by working jobs that allow this option through your loan lender. The best thing to do for this option is to ask about it through your loan lender.
  8. You can also consider conolidating your loans as this has proved to be a money saver.
  9. Another way when it comes to how to pay off student loans faster methods is to use a student repayment calculator which will really put it into perspective on how long it will take out at the rate you are paying now, as well as showing your how much time and money you can save by paying a higher payment.

How To Pay off Student Loans – Conclusion

Now you know some of the best methods when it comes to your question how to pay off student loans fast. These ways have enabled many students to pay off their student loans in a one figure time frame instead of two figure time frame. Hopefully this methods will do the same for you!

Bad Credit Student Loans – How Your Can Still Get Loans

August 26, 2011

Bad Credit Student Loans

If you are looking for infromation on bad credit student loans because your credit is in the pits, no worries, we’ve got your back as we will show you how to still get money for college even though your credit score is low. Don’t let a bad credit score ruin your dreams and aspirations of attaining a degree, follow the methods below and you will we able to get financial aid in the form of loans.

Bad Credit Student Loans

Bad Credit Student Loans – 2 Different Methods

You may have been told that there are no such thing as bad credit student loans, but this is not true. There are two methods you can use on your search for bad credit student loans, those two methods are:

  1. Federal Loans, like the Stafford, Perkins and PLUS loan programs, many of them provide bad credit student loans as a lot of these programs aren’t credit based, but need based. This means that you don’t have to have a good credit score to be eligible, you just need to demonstrate that you actually are in a posistion where you need this loan. This can be done through many ways like, showing that you aren’t receive enough help financially through the financial aid your are receiving currently, if any, if your parents have low income, or if you are unemployed, etc. Another benefit of this bad credit student loans method is that federal loans are known for having many perks like, low interest, fliexible repayment options, and are just plain cheaper in the long run. So if you can do things this way, it is the best way to go.
  2. If for whatever reason you are unable to obtain loans through the above bad credit student loans option, there is another loophole. There are private organizations like banks and private lenders who lend money to people who provide a cosigner, meaning someone with a good enough credit score that can sign for you because your credit is too low. These programs usually will have your closest relative, usually parents, cosign and then there will be a credit check on them, if they fail as well, you still aren’t out of it, as many programs allow you to try another relative. This bad credit student loans method boasts some benefits like many of them offer discounts if you pay on time or get your loan payment automatically deposited each month, but usually have much higher interest rates compared to federal loans. Being that you have bad credit, a great option about the cosigner method is that after a certain amount of time during repayment, the loan can be transferred to your name, enabling you to make on time monthly payments and boost your credit score higher.

Bad Credit Student Loans – Conclusion

So these are the two ways in which you can get bad credit student loans. These methods have been used by millions of people who have bad credit and are still able to get enough money go further their education. If for some reason these bad credit student loans methods don’t work out for you, then you can check out both scholarships through your school you wish to attend as well as look into federal and private grant programs which can provide help in the form of financial aid as well, a great program you can use is called the Pell Grant.

Student Loan Default – Overview and How to Avoid It

August 26, 2011

Student Loan Default

Student Loan DefaultStudent loan default is basically when one doesn’t pay their payments one a student loan or loans during the time period of 270 – 360 days after they leave school. This can be due to the lack of resources, or any other reason, but once you fail to make payments, you enter into student loan default, or in other words your loan is declared defaulted. The bad thing about student loan default is that once it is defaulted deferment, which is an agreement between you and your loan lender of a postponement of payments, is no longer an option.

This is when your debt on the loan will be turned over to a collection agency after your delinquency period is over, which is the weeks or months of non payment time before it  goest to a collection agecny. The student loan default not only still requires that you pay the loan amount, but you will also be charged with a fee for the transfer of the debt from your loan lender to the collection agency, and any other fee like court fees or paying for an attorney in the event you are sued for the loan. There are other details as well where if you have a student loan default it can keep you from receiving other financial aid, and some social security benefits being taken away, a percentage of your earnings can be taken from you and any tax refunds can be taken from you as a way to pay off your debt.

Student Loan Default – How To Avoid It

It is just a fact that often times when fresh out of college, job don’t exactly fall into your lap, and can take a while securing a job. Due to this fact, it may seem like an option to put off payments, but your shouldn’t at all costs. Below are 3 ways on how to avoid student loan default, so you don’t have to deal with any of the above afflictions.

  1. Student loan default can be avoided often times by choosing to consolidate your student loans. Consolidatin can help you group all your loan payments into one payment as well as extend the time in which you have to pay it back, meaning that your monthly payment will be lower. Although this option means that because of the extnesion in repayment time, you will end up paying more in the long run, you can always pay more when you get your job and make up for lost time. So consoldiation can be a great way to help you avoid student loan default.
  2. Student loan default can also be avoided by deferrment as said above. If you haven’t defaulted on your student loan yet, then this is a viable option to consider. Basically what happens in student loan deferrment is that you get to postpone your payments for a certain amount of time by providing proof that you are going through financial hardship. The only drawback about this plan is that once you start up with payments again, you will have to pay a larger sum each month than the original monthly payment. But all in all, this is another great way to avoid student loan default.
  3. The last way to avoid student loan default is to know precisely how long your grace period is. By knowing this you will know how long you have before you have to start paying off you student loans, which during that time you can get a part time job, if you haven’t found a full time job yet, and save up for a few months worth of loans, so then you will have more time to do a more extensive search for a full time job.

Student Loan Default – Conclusion

The main thing to remember is to communicate with your loan lenders when trying to avoid student default. Their are more likely to help you out if you are letting them know what your situation is instead of not calling at all. Often times this method of avoiding student loan default can result in them lowering your repayment fee for monthly bills enabling you to be able to afford payments.

Is Consolidating Private Student Loans A Good Thing?

August 26, 2011

Consolidating Private Student Loans

Are you looking for inforamtion on consolidating private student loans, well you are in the right places as we will show you both the advantages and disadvantages of this process. Lets face it, pretty much everyone that goes to college has to take out more than just one loan to have enough to pay their tuition, some three or four or more. Consolidating private student loans can be an excellent way to save you both time and money, among many other things, but is it for you? The next section will provide and overview of the process as well as go into detail about both sides to consolidating private student loans, so you can decide for yourself.

Consolidating Private Student Loans

Overview Of Consolidating Private Student Loans

If you aren’t familiar with the process of consolidating private student loans, it is essentially where all of your loans are combined into one lump sum where you just pay one loan payment per month. You can do this through many consolidation companies out there who will take care of all the major details, like paying off your loan lenders so that they can now be your sole loan lender, so where all you have to worry about is getting your payment in on time.

Pros & Cons of Consolidating Private Student Loans

First we will start with the benefits that are provided to one who is thinking about consolidating private student loans:

PROS

  • Consolidation companies reset all of the financial payment information once they obtain your loans, like monthly payment as well as interest rate. By searching for a consolidation company that does private student loans, you can get one who requires both lower monthly payments as well as lower interest rates compared to what you were paying to your previous lenders. A lower credit score can be attained if your credit has improved from when you first took out your loans, as a credit  check will be run, and is one of the main factors in your eligibility.
  • Another great benefit to consolidating private student loans as that most all consolidation companies have very flexible repayment options, meaning that you can pay your student loan off a lot faster by upping the monthly payment, as well as save in the interest you would have paid if you just paid the minimum.
  • You only have to focus on making one payment instead of multiple as well as only have to call one resource for any questions related to your repayment programs.

CONS

Here are some of the drawbacks of consolidating private student loans:

  • The first disadvantage to consolidating private student loans is the oriantation fee, also known as the activation fee, which is what you pay when you first establish an account with a consolidation company, can be very high in many cases. For example, say that you will have a 50,000 dollar sum in which you consolidate, and the activation fee is 4 percent, that equates to an extra 2000 dollars you have to pay.
  • Second, if by chance your credit schore is down in the dumps, consolidating your private student loans can result in you paying a lot more when it comes to interest. Like is was said above, the interest rate that you will pay is heavily based on your credit score, and it will be much higher if you have a negative credit history.
  • Consolidating private student loans can also result in you not being able to qualify for certain forgiveness programs, which are programs in which a big part of your debt can be wiped away.
  • Like it was said above, the repayment methods are flexible which lead many to choosing a longer period in which they want to pay off their debt. This will result in you paying a lot more on your loan and interest.

Consolidating Private Student Loans – Conclusion

Now that you know what the benefits and disadvantages are of consolidating private student loans, it should be easier to make your descision whether you want to go for it or not. It can be a great benefit to some, but can really be an even bigger burden to others. The best thing to do now if you are still contemplating whether or not to consolidate your private student loans is to do your homework by taking the pros if they are relevant to your situation, as well as weighing the cons to see if benefits outweigh them. The other thing you can do when thinking about consolidating private student loans is to shop around with different companies, and view what their guidelines are.

Private Student Loans – 4 Lenders & Their Benefits

August 26, 2011

Private Student LoansPrivate Student Loans

If you happen to be looking for private student loans that you can use for your college tuition, there are many programs out there, some great, some not so great. In order for you to get the best program, you have to know where to look, and that’s where we come in. You will be provided with 4 of some of the best private student loans providers around so that you can get the money you need to complete college as well as do it with a program that has excellent benefits. Just to top it off, you will also get a list of the benefits that come with taking out private student loans.

Private Student Loans – 4 Lenders

  1. Sallie Mae Private Student Loans – They have what is called the Smart Option Student Loan that provides many benefits like; no activation fees, no prepayment penaltiles, an interest repayment option allowing your to pay your interest while you are in school which will save you up to 5000 dollars, rewards for paying your bills on time like percentages off your loan, allows you to borrow up to the cost of your tuition, and up to 5000 dollars in covered fees that you can use for medical fees. The interest rates on this loan are anywhere from 2.0 to 9.88 percent. They have private student loans for many types of students including undergraduate, graduate and professional.
  2. Chase Bank Private Student Loans – This option also provides undergrads, graduates and professional students the opportunity to obtain private student loans and offers many advantages to their eligible applicants. Some of those benefits being; no payments while you are in school, no activation and repayment fees, and allows you to get funding for many facets of your shcooling like, tution, books, cost of living and buying a computer. This program offers a 25 year repayment option.
  3. Wachovia/Wells Fargo Private Student Loans – This option has been the lending hand to millions of students and has benefits like; discounts up to 1 percent, interest rates as low as 3.4 percent which there are both fixed and variable loans, you can borrow up to 25,000 dollars per school year, and don’t have to pay a dime until after your college is over.
  4. Access Group Private Student Loans – This option will allow you to to get many of the benefits of the other lenders above and allows you to either apply with or without a co signer, and has a 25 year repayment program.

These are 4 of some of the greatest programs to go through to get private student loans. Although federal student loans should be the first way to go, private student loans provide the money you need when the federal method isn’t providing you enough money to cover school costs.

  1. Like it was said above, private student loans provide you with the money that other financial aid isn’t covering.
  2. There are no deadlines when it comes to applying unlike most all federal student loans.
  3. Private student loans are not based on needs meaning if you have good enough credit or can provide someone with good enough credit, you will be given financial aid.
  4. The give you the freedom to pay for many things other than just tuition when it comes to your life at school.
  5. They have discounts that students can receive one their loans by doing things like, on time payments and getting your monthly payment withdrawn automatically, unlike federal student loans where discounts are found as often or at all.

The Student Loan People – Major Overview & Their Loan Provided

August 26, 2011

The Student Loan People

With a name like The Student Loan People, you know they are going to provide some pretty epic options when it comes to student loans. If you are looking for more information on how The Student Loan People can help you, or you don’t know who they are and are looking for more information on this organization, below will be an indepth overview as well as all the details on the loans that they provide so you can get to know this company and decide whether they are the one you want to go with for getting money for school.

The Student Loan People

The Student Loan People – Overview

The Student Loan People is a Kentucky based program that was created under the loan lender called the Kentucky General Assembly as a way to provide students with student loans, and not just any student loans, but ones that are low cost loan programs, and with the goal of provding you with additional funds for college when your other sources aren’t cutting it. Among their other services are scholarships and grants as well. When it comes to loans that The Student Loan People offer, there are both ones for students as well as parents to apply for, and ecompass the same guidlines listed below for both studnent and parent applicants.

The Student Loan People currently have one universal loan that you can apply for  called the Kentucky Advantage Education Loan, which offer the student 3 different repayment options which are:

Immediate Full Payment

  • 2 percent fee (which is a way for them to make a profit)
  • an interest rate at a fixed 7.25 percent
  • 1/2 a percent off your your plans interest rate if you enroll in automatic monthly payments debit program

Interest Only Repayment

  • This Student Loan People option includes everything that the Immediate Repayment includes, but requires that you are enrolled at least at the half time level.

Postponed Repayment

  • A fixed interest rate at 7.75 percent
  • A fee of 3 percent
  • You must be a half-time student
  • 1/2 percent off your interest fee if you enroll in auto-debt

Benefits of The Student Loan People Loans

  1. As you may have noticed, each program has a fixed interest rate, meaning that they will never change.
  2. The fees that will find with their student loans are lower than almost any other you will find.
  3. You can take out up to between 1,000 to 75,000 with The Student Loan People Loans.
  4. The repayment program length is 10 years on any loan above the totoal of 10,000.
  5. There are no repayment penalties with this loan option.
  6. The Student Loan People offer many different defferment options to their clients, those being; Economic hardship, public service, unemployment, disability, Summer Bridge, Parent PLUS Borrower, working other and maternity, duty in the armed forces, education related, and while in school.

The Student Loan People – What You Need To Qualify

In order to qualify for the Kentucky Advantage Education Loan, The Student Loan People require that you fit these specifications:

  • Be either a Kentucky resident, the school you are applying to doesn’t matter with Kentucky residents, or be a non-Kentucky resident who is looking to go to a school that is Kentucky Based.
  • Either be a citizen of the USA or show a proof of residency card.
  • You must have a credit score that is considered acceptable, or provide a cosigner that has an acceptable credit score.
  • You must be at least 18 years of age.

Now that you know all about the Student Loan People and what they do, you can either choose to use them or not. Based on the information above, it is evident that they provide excellent benefits to their eligible applicants and can heavily assist you when it comes to having enough money for college. If you choose to go with The Student Loan People, you can vist their website at www.kheslc.com.

Student Loan Forgiveness Programs – Many Programs to Use

August 26, 2011

Student Loan Forgiveness Programs

There are many student loan forgiveness programs out there that can provide you the opportunity to have a large chunk of your debt wiped away by being a participant in these programs. These programs can be a lifesaver when it comes to trying to get out of debt as fast as possible as well as give you experience in the feild you studied to go into. Below are multiple student loan forgiveness programs that you can use within the near future that will enable you to have a large portion of your debt forgiven.

Student Loan Forgiveness Programs

Student Loan Forgiveness Programs – Different Types

There first student loan forgiveness programs you can use are ones that inolved the act of volunteer work or community service. Here are the main programs that people are currently using:

  1. Peace Corps – This is a widely used progam that you can use no matter where you are in the US. With this program you will receive 15 percent of your loan forigven after 1 year of service, and can work up to 5 years which will result in you getting 70 percent of your loans wiped out.
  2. Americorps – The Americorps student loan forgiveness programs provide you with another resource to get some of yoru debt taken away. This specific program gives you what is called a stipend of up to 7,400 dollars, and 4,725 dollars that you can use towards paying off your loan. In order to be eligible for this money, you must provide service for 12 months.
  3. VISA or Volunteer In Service To America – This is the next volunteer service option that you can use when looking for student loan forgiveness programs

Student loan forgiveness programs are by no means limited to volunteer work, as you can find them in many other places. Here is a list of more examples that you can use depending on the feild you are looking to enter into.

  • Teachers – If you are a teacher or looking to go into the teaching profession, there are student loan forgiveness programs where you can teach in an area that really needs quality teaching the most, like in low income areas or kids with disablilities. With this option there are usually two types of programs you will find, ones that knock off a percentage of you loan each year or one that will ask you to pay loan payments on time for a certain amount of time, then after that time they will wipe clean whatever you have left of your loan. The best thing to do if you choose this student loan forgiveness programs option is to contact your schools district administration where they will tell you what schools offer these types of programs in your area/
  • Medical – There are aslo student loan forgiveness programs in the both the medical  where you can also get a good chunk of your debt wiped away. For the Medical feild, it is like the teaching option where you will be required to teach the medical profession in a place that is in dire need of it. This option can also include medical research and working with pets where vets are much needed. These programs can offer up to 30,000 off your debt each year you work with them. The best organization to contact for this would be The American Association of Medical Colleges which has an up to date list of all the student loan forgiveness programs in the medical feild.
  • Military – If you are looking to go into the military after you college schooling is finished, they offer student loan forgiveness programs as well. The best resouce when checking out what kind of student loan forgiveness programs that they offer is to contact the Military and Veteranas Association who will have an database of what they offer as far as these programs go. This option can provide you with an actual complete forgiveness which means that they delete your entire amount of debt, totally wiped clean.  This is a great way to serve your country as well as get a lot of your student debt forgiven.
  • Law – Studnet loan forgiveness programs in the law feild are where you work in public interest areas, or non profit jobs. With this feild, there are 4 diffent types of student loan forgiveness programs, those being on a federal level, a state level, a private level, and through different law schools. The repayment option for this method is that you work 10 years in a public service sector job paying on time monthly payments, and after these 10 years you will then have whatever is left on your total debt eiliminated.

If your feild happened to be not mentioned here, as these are the main feilds that student loan forgiveness programs are offered through, then the best thing to do is inquire about what student loan forgiveness programs are available for you through your loan lenders who will either have the information you need, or refer you to an organization who can help you.

Student Loan Forgiveness Programs – Conclusion

Now that you are more familiar with what there is out there in the form of student loan forgiveness programs, you can now utilize one ore even multiple of these methods. You may also be able to tell that you will be rewarded with financial help towards your loan by making a difference in peoples lives which is a pretty awesome trade off when you think about it. Depending on what you are looking for in a forgiveness program, you now know that you have multiple choices and can choose one that you feel most comfortable with. Hopefully this student loan forigveness programs information was exactly what you needed, and great luck on whichever one you choose.

Student Loan Consolidation Companies – 4 Of The Best To Use

August 26, 2011

Student Loan Consolidation Companies

There are many great student loan consolidation companies that you can you when choosing to consolidate your loans. Grouping your payments into one lump payment, which is what consoliation is, can provide you many benefits when it comes to paying off your loan, like a lower monthly payment, a chance for a lower interest rate if by chance your credit has improved since the last time you applied for the loans you have now, as well as just in general. Below will be 4 excellent programs to use when looking for student loan consolidation companies as wel as the details and benefits that come with them.

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Student Loan Consolidation – 4 Great Programs

Although this list isn’t limited to all the student loan consolidation companies that are out there, they have proved to stand out in the crowd because of their excellent benefits and overall experience. Here are 4 great student loan consolidation companies that you can use.

  1. Next Student – This program boasts the benefit of providing their clients with the chance to reduce their  monthly payments by 50 percent of the original total, and offers consolidation services on both fedeal and private loans. When it comes to federal loan consolidation, a credit check isn’t required so it doesn’t factor into whether you are accepted or not, and when it comes to application and orgination fees, there are none to speak of, as well as no repayment penalities. As for the private loans consolidation this student loan consolidation companies program requires that either you or a cosigner passes a credit check. The interest and other fees have been shown to vary, but are are very competitive. Another great part about this student laon consolidation comapnies option is that during your conslutation, you will be provided with a financial consultant that will assist you during the entire process.
  2. Loan Approval Direct – This is the next option when it comes to using great student loan consolidation companies. This program offers its eligible applicants benefits like providing you with up to 60 percent less on monthly payments, an interest rete as low as 3 percent, which is incredibly low, allows you to consolidate loans sums that total up to 125,000 dollars as well as doesn’t require a credit check.
  3. Student Lending Works – Out of all the student loan consolidation companies listed on this page, this is the only one that is a non profit organization. Because of this fact, you will find the lowest interest rates around as they aren’t charging you interest just to make money off you. This program offers many advantages that include, rewards which equate to discounts on your interst rates like for example, making your payments on time, and as said above, very low interest rates.

Student Loan Consolidation Companies – Conclusion

Although these student loan consolidation companies as well as consolidation in general can provide many benefits to it’s users, it can also have adverse effects that can even cost you more in the long run. The best thing you can do now before committing to a consolidation company is to shop around and remember when shopping around to compare the following aspects; the terms of the loan, interest fees as well as what the repayment fees are. By doing this you can pick out the best option for you when it comes to student loan consolidation companies, if they provide you with value and a benefit for consolidating, or if not then you will know to not use them at all.