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Matthew Kelly - ArticlesWhether you are a student working on finding money, a graduate working on your budget, or a parent trying to minimize the cost of your child's education, we are here to help you. Our expert staff is here to assist with any of your student loan questions. Contact us today to find out how we can assist you in this determining your best course of action.
Consolidating Federal and Private Student LoansMany students find that they require more money for college than the federal aid limits allow so they must take out loans from private sources. When it comes time to consolidate what do you do with all these loans? Federal Loan Consolidation for TeachersThe average teaching student graduates with over $18,000.00 in student loan debt. After interest is added you could be paying a total of almost $40,000.00, so it is extremely important to make sure you are getting the best deal possible with your loan consolidation. Choosing a Lender for your Federal Student Loan ConsolidationThere are many lenders competing to meet your federal student loan consolidation needs, all with different terms and benefits. Which one is right for you? There are a few things you should know before you sign up for any federal student loan consolidation. Maximize your Education DollarThe cost of higher education increases every year. With an increase in tuition and fees comes the need more and more financial assistance. Students and parents should understand how to maximize their education financing options. This article will discuss the steps that should be taken and the financing options that are available. Accessing your Own Student Loan Information for ConsolidationAs you may or may not be aware of there have been some changes to lender access of the NSLDS, the National Student Loan Database. Lenders will no longer be able to look up your loan information for you until you have committed to consolidate with them and signed an application. This will make it much harder to shop around for the best deal but it is not impossible, you just need to be prepared and gather your loan information yourself. Federal Loan Consolidation for Medical StudentsBy the time you graduate you will most likely have at least $200,000.00 in student loan debt. After interest is added you could be paying a total of over $500,000.00, so it is extremely important to make sure you are getting the best deal possible with your loan consolidation. You will probably have both federal and private loans but for this article we will be dealing with only your federal loans. Student Loan ScandalYou have probably seen news stories about the preferred lender lists that most colleges have and alleged misconduct by some lenders and financial aid officers. There have been a lot of accusations and some admissions, but what does this all mean to you? What if your school is one of the ones being investigated? What are the Pros and Cons to a Federal Student Loan Consolidation?Should you consolidate your federal student loans? It is important to make an informed decision when considering this financial matter. Here are some things to consider when weighing your decision. Federal Student Loan ConsolidationSome colleges estimate that as many as 90% of their students have received some form of financial aid. Graduation comes and you have to start thinking about paying these loans back. What is the best way to manage your loan payments? For many students it’s a federal loan consolidation. Will Consolidating My Student Loans Hurt My Credit?Many students are concerned whether consolidating their loans will affect their credit rating, and it does – in a positive way.
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