Consolidate College Loans Now!

2007-03-08 10:33:40

( Financial )



College loans, commonly known as Federal Stafford Loan, is the most affordable way to pay for your schooling. This is a government-secured loan available to undergrads at a very low rate and payments are delayed until you graduate.

Each year interest rates on outstanding college loans increase. By July 1st, loan rates are set to double. That is why students and parents are encouraged to consolidate college loans before July 1st to save thousands of dollars before the adjustment.

Are you wondering what a college loan consolidation is and what are its benefits? Here's a basic explanation:

College loan consolidation is a great way to simplify repayment and lower monthly payments. You can pay for as low as 50 dollars a month. With a consolidation loan, you can take advantage of benefits and low interest rates. It allows you to lock your college loan at a fixed rate. You can reduce your monthly payment by as much as 60 percent.

Another benefit you can enjoy when you consolidate college loans is that there are no prepayment penalties. This means you can pay off your loans sooner without extra charges or fees. You don’t have to worry about paying for penalties because you have the flexibility to reduce your college loan debt faster.

College loan consolidation interest is tax-deductable. This lowers your cost of borrowing even more.

If you consolidate college loans, it will save you money and provide you with flexible payment options. You can use your interest savings to invest in your own future.

If you are wondering where you can consolidate your college loan without the hassle, fret no more. As technology is vastly improving, college loan consolidation forms are now available online. All you have to do is fill out an e-form and you're sure to save money for college!


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