Consolidate Your Student Loan Debt & Make One Low Monthly Payment

-Do you have higher interest rate student loans, or are you tired of writing

checks to several lenders every month to pay your student loan debt? You

may be able to consolidate your student loan debt, and make one low

monthly payment.

-If you have been waiting to consolidate your student loans, now is the time

to take action. Locking in a low fixed rate now can save you a lot of money.

-- Why Consolidate Your Student Loans Now?

Student loan rates are still near all time lows

This is a free, U.S. Government program (no fees or other charges)

There are no credit checks

There are no pre-payment penalties

Interest rates are fixed

Consolidation loan repayment terms can be as long as 30 years

If you have at least $15,000 in student loan debt, Next Student can offer you a fixed
rate as low as 4.5% to consolidate your student loan debt. They offer discounts when
you consolidate right after graduation or during other eligible grace periods, and when
you sign up to have your payments deducted directly from your bank account.
Additionally, after you have made 36 on time payments, you receive a 1% rate
reduction which is locked for the life of the loan.

To be eligible, the student must either have already graduated, or be within 6 months
of graduation. Loans must not be in default. To apply, just complete their simple
4-step, all-digital application with electronic signature.

THE STUDENT LOAN
by John Williams

The rising costs of college tuition have made it almost a necessity to apply for a student
loan today. Students not only have tuition costs, but the cost of books, meals, gas, cell
phones, recreation, etc. The variety of student loans enables students to take care of
their varying college expenses. A student loan however, is a loan that must be repaid
under specified circumstances.

Each of the following are student loans with differing conditions and time frames for
repayment:

A Direct Student Loan is a loan with a schedule of repayment six to nine months after
the student has completed school. The Direct Student Loan is distributed through the
school the student is attending, which enables the interest rates to be much lower than
a Guaranteed Student Loan.

Guaranteed Student Loans, also known as Stafford Loans have a low interest rate. A
student can apply for a subsidized or unsubsidized student loan. A subsidized loan
means the government pays the interest for you while you are in school. The
subsidized student loan is based on the students financial need. An unsubsidized
student loan means you will be charged interest while you are attending school. The
principal must start being paid after you have finished school. Both types of student
loans need to start repayment six months after the student has finished college.

Federal Parent Loans or PLUS loans as they are known is a student loan not
contingent on your income, but lenders do consider personal credit history. Parents or
guardians who have a dependent child enrolled in college at least part-time are eligible
for the PLUS loan. The interest rate is 9% or less.

Virtually any school or program will allow you to utilize the Direct Student loan,
Guaranteed Student loan or PLUS loan. It is very important to thoroughly research all
available options for funding long-term education. Your future is tied to your funding,
which is your student loan.

John Williams is the student loan blogger at http://studentloan.blogspot.com He reviews student
loans and interprets often complicated financial data into simple to understand language.

Article Source: Article Hub