Student Loan Consolidation ? Lower Your Payments
Often times it makes good economic sense to consolidate your all of your student loans upon graduating. Each of the loans that you applied for and received each year or semester of school is considered a separate loan. The average student graduating from a four-year private school leaves college with about ,000 in student loan debt. After you graduate, you will get offers from lenders to consolidate these loans.
Student loan consolidation is big business. A huge profit margin exists for any [...] Continue Reading…
Tenn. Community College May Cut Federal Student Loans
Nashville State Community College is weighing the decision to eliminate federal student loans from its financial aid programs.
The school is assessing the number of its students who have defaulted on their federal student loans and believes it may be in a better position to preserve other types of federal financial aid if it exits the student loan program. Schools whose students default at consistently high rates lose eligibility for all federal student aid — not just loans, [...] Continue Reading…
Student Loan Consolidations ? Finding a Program That Works for You
Student loan consolidation help is a good solution to students who are in debt because of all of the loans that they needed in order to pay for school. Student loan consolidation is basically the combining of two or more student loans. The point behind this is to allow the student to pay only one low monthly payment, based on what they can afford. This allows people who are in a bad [...] Continue Reading…
Consumer Law Report Blasts For-Profit Colleges for Private-Label Student Loans
A new report issued in January by the National Consumer Law Center accuses for-profit colleges of saddling their students with unregulated private-label student loans that force these students into high interest rates, excessive debt, and predatory lending terms that make it difficult for these students to succeed.
The report, entitled “Piling It On: The Growth of Proprietary School Loans and the Consequences for Students,” discusses the boom over the past three years in private student [...] Continue Reading…
Community Colleges and the Dangers of Student Loan Debt
For high school students who are on the hunt for ways to reduce the cost of a college education, your local community college may look like a way to keep your expenses down and avoid the crush of debt from school loans.
In fact, many financial advisers recommend that, if you’re a cost-conscious student, you complete your first two years at a community college before transferring to a four-year university to receive your degree, as a [...] Continue Reading…