Tag Archives: consolidation
3 Tips On Debt Consolidation Loans For People With Bad Credit
3 Tips On Debt Consolidation Loans For People With Bad Credit
Okay, so we know the economy could be better, and we also know that a lot of people are hurting financially. The sad part is that a lot of people are getting deeper and deeper into debt due to no fault of their own. Just because there are debt consolidation loans for people with bad credit doesn't mean the people who need them are bad.
Digging your way out of debt isn't easy, and it can often seem hopeless, but realize that you can get out no matter how bad you may think things are right now. As you will see, there is some good news that you can use to improve your current financial situation.
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How to Save Thousands on Student Loans Using a Loophole in the Federal Consolidation Program
How to Save Thousands on Student Loans Using a Loophole in the Federal Consolidation Program
How to Save Thousands on Student Loans Using a Loophole in the Federal Consolidation Program
Most graduates don't realize until it's too late that there is a loophole in the federal student loan consolidation program that allows borrowers to lock in an interest rate that is 0.60% lower than standard repayment rates. Each year's graduating class has a unique opportunity to take advantage of this loophole before it closes after the 6th month following their graduation. For students in the class of 2006, November marks the last opportunity to lock in their current low interest rate before it increases.
Why consolidating during the grace period makes such an impact on savings
The reason borrowers are able to save so much by consolidating college loans during the grace period has a two-part answer. First, the interest on a college loan during its six month grace period is up to 0.
Discover How Student Loan Consolidation Can Help You
Discover How Student Loan Consolidation Can Help You
Discover How Student Loan Consolidation Can Help You
When you are going to college, especially with the huge cost of a college education these days, you probably got a student loan and perhaps even multiple student loans. This gets you through college but the bad news is that at some rapidly-approaching point in the future, you are going to have to start paying those loans back.
After you have graduated from college, it is a busy time for you as you are getting started looking for the right job, hopefully a job that is within your major area of study. You might also be looking to relocate for that job, so finding a house or a new apartment also plays into everything you have going on. With all these moving parts, it can make it very difficult to focus on your new job and everything else when you know that you need to start paying back those student loans.
If you are still in college, you are in good shape because you are not yet at the point of needing to start paying back those student loans, but very prudent advice would be to not wait until you graduate before you start thinking about how you are going to be able to take care of that huge financial burden.