Many university students enter school hoping to support themselves until they finish their chosen courses. Unfortunately, they too are affected with the global financial crisis, forcing them to take up loans so they can finish their courses. Student debt consolidation or a student consolidation loan is often the smartest move a borrower can make when overlaid with college debt.
A student consolidation loan is deliberately made up for students to help students. This is done by combining several federal aids with various repayment schedules into one balance. The entire amount is then given a fix rate with one monthly payment.
Student debt consolidation can lower the total interest paid and possibly saving up to 60% on the monthly payment. Some offer interest rates as low as 4.75%, getting you a savings of 1.25% and can be locked in for the life of the repayment. In addition to the monthly savings this option may be used to rescue the borrower if in default on borrowed financial aid.
Subscribe to:
Post Comments (Atom)
You have good articles here! If anyone here is looking for a loan @ 2% rate in return to buy a home or other financing needs, I want you to contact Mr Pedro On pedroloanss@gmail.com When I was introduced to Mr. Pedro at the market watch seminar, I was entering the market as a first time buyer. Naturally,my needs were a bit different and I had loads of questions. Before he sent me my pre-approval letter, he called to speak with me about what it meant and what could change. He made himself available to me at pretty much any hour via email and texts. He was very responsive and knowledgeable. He’s also very straightforward. I explained to him what my expectations were in terms of closing time and other particulars. He said he would meet those expectations but he surpassed them. I closed so quickly my realtor and the seller of course were excited about that. But as a buyer I appreciated being walked through the process of Mr Pedro loan offer. From pre-approval to closing- the journey was so seamless and I consider myself lucky because I’ve heard horror stories. I recommend him to anyone looking for a loan. Everything was handled electronically expediently and securely
ReplyDelete