Lead A Debt Free Student Life

Lead A Debt Free Student Life, Obtain Debt Consolidation Loans
by: Alex Jonnes

A prompt and timely repayment always keeps you away from falling into a debt trap. But at the time of financial crisis it becomes quite difficult to make all repayments viable especially if you have taken several debts. To overcome this situation a debt consolidation loan would be the best answer for you.

Too many debts always create a problem with your repayments. Debt consolidation loans help you to repay all your existing debts by consolidating them into one. To be more clear, consider this example. Suppose if you have 3 existing debts. Now when you take a debt consolidation loan, you will make repayment for only this loan. All your previous debts will be merged together and will be repaid automatically by the debt consolidation lender. This will help reduce the size of your repayment and you will be bound with only one creditor.

Student debt consolidation loans also offer several benefits. They come with a very low rate of interest and are charged only after you have completed your school and college. There are plenty of rebates also available that you can avail with student debt consolidation loans, Apart from that if you go for this loan, your debt pressure will decrease a lot and you will be able to concentrate on your studies and work.

You will get a student debt consolidation loan mainly from two sources:

• A government agency- These are federal loans offered usually with cheaper interest rate than other sources.

• A federal agency- also known as private student debt consolidation, offer loan to all students who fail to get a government fund.

Student debt consolidation loans are offered to all types of students. As a student, this might be your first loan that you need to repay your tuition fee, boarding fee, travel expense etc. So, you will be offered with a no credit history loan. You will get a student debt consolidation loan also if you have a bad credit history.

The process of student debt consolidation application is as simple as filling any other form. The most ideal and affordable source of application is the internet to which every student is familiar. Internet provides a range of lenders offering student debt consolidation loans. The application form will ask you for certain details about your identity and credit history. Being a student your loan application will be approved quickly without any delay.

But before filling out any form, first research and find the lender offering best loan amount with the lowest interest rates and easy repayments. This way you will get the best deal that will make your financial status good.

About The Author

Alex Jonnes is associated with Easy Debt Consolidations. He is Masters in Business Administration and writes on various finance related topics. To find Student debt consolidation loans, Bad credit debt consolidation loans, Debt consolidation loans, Debt reduction visit http://www.easy-debt-consolidations.co.uk

Student Loans Consolidation Must Known Secrets

Student Loans Consolidation Must Known Secrets
by: Hugo Broadwell

If you have reached your wit's end with your school loans, consider a student loans consolidation. It is a popular means of loan debt consolidation intended to simplify the whole process of repayment. This form of debt consolidation loan also gives you the opportunity to lock in your interest rate for the entire length of your loan. It is no surprise that more students each year are looking into obtaining a student loans consolidation.

Students in the United States will find their student loans are consolidated differently than other types of debt, such as credit card debt. Loans that come from the government, or federal loans, are 100% guaranteed by the U.S. A federal loan is consolidated when a company that handles loan consolidation buys existing loans. The interest rate used for the consolidation is then determined by the year's student loan rate as of May of the current calendar year.

Those who look into student loans consolidation will discover a wide range of potential interest rates. These rates can be as low as 4.7% or as high as 8.25%. Keep an eye on the rise and fall of interest rates, and then act accordingly to strike when the rates are low. You will benefit by having an affordable rate in place during the entire length of repayment of your school loans.

Loan debt consolidation is not an endless road of opportunity. You are allowed to consolidate once with a private lender, and then once more with the Department of Education. You have one chance to get it right, so do your homework. Be sure that you have researched all of the consolidation companies. Make it a priority to find the most reputable companies and the ones that offer the lowest rates.

People often refer to federal student loans consolidation as refinancing, but this is not entirely correct. With this form of loan debt consolidation, your loan rate will not change, regardless of how different your previous loans were. It will merely be set at a fixed rate. Keep in mind that all of your previous loans will be weighed to find an interest rate that is appropriate in light of the current rate. As with all aspects of financial matters, there are a number of elements that will affect the rate at which your interest is compiled.

For the many students struggling with school loans, student loans consolidation remains an appealing option. It is important, however, that students do their financial research, and be aware of the pros and cons of loan debt consolidation. It has its drawbacks: Monthly payments, although combined into one, will be extended over a greater period of time than if the student had not consolidated the loans to begin with. In spite of this, student loans consolidation can be invaluable for students struggling with payments, and its benefits lure more students every year.

About The Author

Hugo Broadwell has an informational website that provides top strategies to profit from Citibank Loans , Government loans, Alaska Student Loans. But that's not all. Start by visiting Hugo Broadwell's site at www.educational-loans-info.com

Instant Student Loans

Instant Student Loans – Quick Funds For Collage Education by James Strom

A student may need monetary support in no time for some urgent expenses. These expenses include not only the educational purposes but others also like purchasing a vehicle for going to collage etc. instant student loans are source of such financial support but it should be availed after careful researching of the options available to the borrower.

The students can find approval of a loan application within hours. This can be ensured through online mode of lending and borrowing. If you make a good search on internet, you will find that plenty of websites are placed there. These websites not only are source of information of various loans available to the students but enable to compare the offers also. Thus after you have compared different such offers to the students from your home, all you need to do is to make an online application to the selected and suitable lender.

Instant student loans are called so because its approval comes within hours. The online application is usually quickly processed by the lenders and the applicants is conveyed of the approval within hours through e-mail or telephonically. Then, generally it does not take much time to have the loan amount in hands.

Even bad credit students can find quick access to these loans through online. But ensure that you have met all the conditions. It would be wise step to take out the loan with a co-signer for easier approval and low rate of interest.

Through instant student loans, you can borrow the money in secured or unsecured option as suits to your circumstances and requirements. While finding these loans from private lenders, make sure that you have assessed your repayment capability and requirements. This way, you will keep away from any build-up of debts in the future. Surely, these loans are easier source of timely finance for collage education but avail it after comparing the offers.


James Strom has done his masters in Finance from Oxford university and is currently assisting Loans Students as a finance advisor. For more information related to instant student loans, student loans, college student loans, student finance, student loans consolidation please visit http://www.loansstudent.org.uk/

Article Source: http://www.articledashboard.com/Article/Instant-Student-Loans-–-Quick-Funds-For-Collage-Education/466965

Alternate Consolidation Loan Student

Alternate Consolidation Loan Student by Foster

Alternate student loan consolidation or more often called private student loan consolidation is the method of consolidating every private or non-federal borrowing for education in a single bill with only one payment in a month. Individuals, who consolidate their debt of private education loan, simplify their monthly finances by lowering their monthly payments of their education loans. The main task of a Federal Loan Consolidation for Students is to improve the credit rating of an individual. However, alternate consolidations have credit based interest rates. Individuals, who opt for federal consolidation to improve the credit rating, receive reasonable interest rates.

Facts and figures related to alternate student consolidation loan

The minimum borrowed sum from such consolidation cannot fall below $10,000 and should not exceed $250,000. If the loan amount exceeds $40,000, the applicant can have a period for repayment of around 25 years. For education loans below $40,000, period for repayment is around 20 years. The rate of interest in an alternate consolidation depends upon the credit rating of the applicant and lies in the range of 0% – 8.25 %. It is also affected by Margin Adjustment index. A consolidation can be performed on loan amounts of two people of the same family or between spouses.

Eligibility criteria and benefits of alternate education consolidation loan

People, who have outstanding debts in non-federal but education-associated expenditures, are Eligible for alternate student consolidation loan. The benefits of an alternative student loan consolidation are as follows:

Formation of a single loan comprising of all private loans for education

Monthly payments of the education loans are reduced

Release of the cosigners after 4 years

Reduction in rate of interests for payments made on time

No penalties prior to payment

Once you apply for an alternate education consolidation loan, the financial distress related to the prevailing loan can be easily removed.


Mary Foster is a Financial Adviser with 10 years as an Accountant. She is the author of Alternate Consolidation Loan Student Weblog at: http://www.69designz.com. Read her latest articles and recommendations to help find a debt free plan that works.

Article Source: http://www.articledashboard.com/Article/Alternate-Consolidation-Loan-Student/283622

Seek Sound Advice Before Consolidating Student Loans

Seek Sound Advice Before Consolidating Student Loans by Dale Z Kacheezey

There's a lot of of college loans procurable for College Students who's searching financial aid to go to a University. A popular college loan consolidation avenue countless students take is through the U.S. Government Federal Loan Program. A Free Application for Federal Student Aid (FAFSA) form must be filled out before a Student can be considered for a particular government student loan. There are also four types of government loans namely, Graduate PLUS Loan, Parent PLUS Loan, Perkins Loan and the Stafford Loan. With inumerable web sites and supposedly experts in the media, it is important that a Student get the best student loan consolidation advice they can procure.

A student financial future may hinge on whether or not they decide to consolidate their student loans. Student loan consolidation simply means the act of obtaining one loan to pay off all the others, thus creating one loan where a Student or the Parents may have had 2 or more loans to pay off. Government student loan consolidation can make a borrower choose from the four repayment procedures like the extended payment plan. Consolidation of student loans generally results in a lower monthly payment with no penalties included for the early paying off of the loan.

In most cases, students and parents will find that there is no credit check required to obtain these Federal consolidation loans. Plus, it's possible that your interest rate will be lower as well. And also, if a government student loan is consolidated its application process will be a lot simpler. Those with Private student loans need to review the pro's and con's of private student loan consolidation before applying.

The lower monthly payment you may receive when consolidating will help ease the burden of paying this loan back. This helps many students get on their feet and obtain a good paying job so that repaying their student loan doesn't put them in in a financial crisis.

One needs to know the pitfalls associated with student loan consolidation. Student loan consolidation is not a good choice for everyone. There are shortcomings to consolidating your college loan, and there are darn few people who will warn you about these dangers, especially the lenders.

Many parents and students fail to act after consolidating their student loans. Meaning that they fail to improve upon their financial circumstances. Consolidation gives you a chance to get on your feet again, but if you go right back into debt or fail to get out and get a good job, you'll likely be right back into a financial crisis when it comes time to start repaying your student loan.

Should you be thinking about consolidating your Federal loan during the six month grace period, think again. Consolidating at this time will result to the loss of the rest of the grace period. Additionally, a consolidated loan means an extended payment plan which can cause a the total amount to be paid back to be raised as time goes on. This can make the total amount of money paid back to increase by thousands of dollars.

Federal student loans are truly a gift for students who are in need of financial aid. However, consolidating it may or may not have a positive effect on your long term financial situation. Smart students and parents will do their due diligence when researching on whether or not to consolidate college loans.


You can get Student Loan Questions answered by visiting the Student Loan Guru. One of the most popular questions asked by Parents and Students is, How Do Student Loans Work. You will get the answer to this and many others questions at the website.

Article Source: http://www.articledashboard.com/Article/Seek-Sound-Advice-Before-Consolidating-Student-Loans/679324

Student loans consolidation – minimizing your strain

Student loans consolidation – minimizing your strain by Casper Wilson

Covering the expenses of higher education is not an easy task these days, when the prices are on cloud 9. You may have opted for a student loan to cover the expenses of your student life. Pursuing education is not that cheap and what normally happens is that students mound up debts. One of the most popular procedures for decreasing student debt is student loan consolidation.

Consolidation means you combine all of your numerous learner credits into one bigger credit. You make one payment on this one large loan, instead of paying on each of your smaller loans every month. If you are under more than one loan, you can merge them into one and can have easier repayment terms. You can always bargain with your lender for affordable interest rates by making regular repayments. The repayment term for this particular financial help ranges from 3years to 30years.

There is an eligibility criterion to apply for these financial aids. The borrower is required to be 18 years of age or above and should be a UK citizen. You are required to show your identity proof, address proof and some of your property documents. Bad credit history like late payments, bankruptcy, missed payments, etc. is not an obstacle in the way of this financial aid. So, if you are a bad credit history holder, no need to worry, as you are applicable for this loan.

The advantage of consolidation is that you will usually pay a lower interest rate than what your previous loans are set at. While you complete a consolidation, you will pay one low interest rate, not numerous different rates. With these advances, borrowers derive several benefits like flexible repayment options, no credit checking of the borrower, and reduction in interest rates if the repayments are made regularly without a failure. The best thing is that student loans consolidation is available online and you can directly apply for it on internet. This helps you getting the approval quickly.


Casper Wilson is presently working with Chance For Loans to provide useful suggestions. You can access information regarding loans. To find student loans consolidation, debt consolidation loans, cheap rates, personal loans that best suits your needs visit http://www.chanceforloans.co.uk/

Article Source: http://www.articledashboard.com/Article/Student-loans-consolidation-–-minimizing-your-strain/847023

Student Consolidation Loans- New Low Rates

Some online lenders are now offering lower interest rates on student consolidation loans. Some of these lenders are offering to take an additional 1.25% off the federal governments already low 7.5%. This could add up to a great savings for anyone who may be considering refinancing their student loans right now.

Loan consolidation is the process of combining multiple student loans into one new loan. Most federal student loans can be consolidated. Fortunately, consolidation can occur while you are still in school, during your grace period, or when repaying your loans. However, you can only consolidate your student loans once. It's crucial to have a thorough understanding of student funding options in order to make smart financial decisions that will inevitably have a long-term impact and benefits. Consumers must choose experienced, trust-worthy loan consolidation specialists that can answer all questions and equip families with up-to-date information on current interest rates, as well as rates over time. Be sure to read all fine print; there are no fees associated with consolidation, go somewhere else if a lender requires fees.

The savings from student loan consolidation means you not only reduce your monthly payments now, but also lock in a low or reduced interest rate for future savings. Simplified, lower payments make it easier to save money and improve your credit score.

Basic federal student loan consolidation offerings include federal Stafford loans and federal Parent Plus loans. These are available to you as a student, or as the parent of a student. Stafford loans allow you to finance your education with federal resources before resorting to private loans. Federal Parent PLUS Loans help finance your child's education and keep your child from having to take out high-variable-rate private loans. The Federal Parent PLUS program is the next step after exhausting Stafford Loan limits.
By consolidating loans, students will be able to ease the pressure on their monthly budget by 10 to 60 per cent reduction in their monthly budget. In fact, students could also save money by using their student loan payment savings to pay off their credit card debts, and consolidation will also help the students' credit scores as well as debt-to-equity ratio.

By shopping for your loan online you can also take advantage of looking around for the options that suit you best. These new rates will probably not last long.

Some of the lenders that are offering these programs are better known for consolidating personal loan debts and credit cards.
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Article Source: http://www.articlealley.com/article_643822_19.html