There are several different federal student loan options: direct subsidized loans, direct unsubsidized loans, direct PLUS loans and direct consolidation loans. But the most common are direct subsidized and unsubsidized loans, which are taken by the person who is completing the college degree. Student...
There are several differentfederal student loanoptions: direct subsidized loans, direct unsubsidized loans, direct PLUS loans and direct consolidation loans. But the most common are direct subsidized and unsubsidized loans, which are taken by the person who is completing the college degree. Student l...
Direct Consolidation Loans When it comes time to repay student loans, the government offers direct consolidation loans, which you can use to combine two or more federal education loans into a single loan with a fixed interest rate based on the average rate of the loans you are consolidating. Y...
Private lenders may also offer student loans with variable interest rates. A variable interest rate will generally fluctuate throughout the lifetime of the loan. Currently, variable interest rates are still sitting at historic lows – and because of that, it may be possible to obtain a rate on...
Without a doubt, student loan debt can be very overwhelming. A private student loan consolidation can make that more manageable and free up funds for other activities. How difficult is the process? It depends on who you work with. You certainly want to work with a company that will look ...
A student loan is money borrowed to pay for college. Learn about federal and private student loans, parent loans, consolidation, refinance and loan forgiveness.
Student Consolidation Loans Student Refinance Loans The fine print To be eligible, you must be a U.S. employee working 20 hours or more per week. Interns and other temporary employees aren't eligible. The monthly reimbursement limit is up to $350. Payments are made directly to the loan serv...
The government also sponsors a third type of loan to ensure that all college costs can be paid. Called the Parent PLUS loan, this third type of loan offers interest rates of 8.5% and offers deferred payments. There is a 3% origination fee. ...
Interest rates are fixed Monthly payments are made more manageable Repayment period can be extended from 10 to 30 months Protects your credit rating Private Student Loan ConsolidationStudents who have private lender loans can also take advantage of loan consolidation programs. Many private lenders ...
Direct Consolidation Loans:Loans that allow you to combine all your eligible federal student loans into a single loan with a single loan servicer There’s also the option of private loans, but these should be your last resort since they have higher interest rates than federal loans...