Get A Student Loan

Get A Student Loan

Student Loans: Cut Monthly Payments on your Student Loans by Up to 42%

If you’re a graduate or College parent with any outstanding Federal Student Loans, you may be able to lower your monthly student loan payments by up to 42% just by consolidating your parent or student loans. When you consolidate your College Loans, you may be able to extend the repayment term on your parent or student loans by up to 20 years. With that longer repayment term, since you have more time to repay, the amount you have to pay each month will typically go down.

NextStudent, a leading Phoenix-based education funding company, offers a student Loan Consolidation program with no application fees, no processing fees, and no credit checks. By consolidating your parent or student loans, your monthly payments could go down by up to 42%.

Here’s an example: Estimated monthly payments on a $75,000 NextStudent Federal Consolidation Loan fixed at 7.25% and repaid over an extended term of 30 years are $512, versus estimated monthly payments of $879 on a $75,000 Federal Stafford Loan issued at 7.22% and repaid over 10 years — a 41.8% reduction in monthly payment amount. (Your actual payment reduction may vary and will depend on the terms of the student loans you’re consolidating.)

Replace Your Variable-Rate Student Loans With One Fixed-Rate Student Loan Consolidation

If you took out your Federal PLUS Loans or Stafford Loans prior to July 1, 2006, those student loans are subject to variable interest rates that will adjust every year. So when interest rates rise, your monthly student loan payments may also go up. Student loan consolidation puts an end to rate increases and rising payments.

NextStudent’s student loan consolidation program gives you the security of a fixed interest rate. By consolidating your federal college loans with NextStudent, you’ll replace your variable-rate college loans with a fixed-rate student loan consolidation loan and lock in your new monthly payments, so you’ll never have to worry about interest rates rising and leaving you guessing about your monthly payment amount.

Make Repaying Your Student Loans Convenient and Hassle-Free with Student Loan Consolidation

If you have multiple college loans in repayment and you’re dealing with the hassle of multiple bills, multiple due dates, and multiple monthly payments to multiple lenders, a student loan consolidation could help make your repayment easier to manage.

With a student loan consolidation program, you can bundle all your eligible federal parent or student loans into one single consolidation loan with just one monthly bill, one lender, and one monthly payment that’s fixed for the life of your student loan consolidation.

Apply in Minutes to Consolidate Your Student Loans

Typically, you can Apply For A Student Loan consolidation in minutes. Just visit an online student loan consolidation lender or make a quick phone call to the lender of your choice. It’s fast, easy, and free to apply, and there are NO fees, NO credit checks, and NO co-signers required.

There are also no prepayment penalties. When you consolidate your federal parent or student loans with NextStudent, you’ll never be charged extra for paying more than the minimum each month or for paying off your student loan consolidation early.

Student Loan Consolidation for Private Student Loans

If you have private student loans in addition to (or instead of) your federal student loans, you won’t be able to consolidate your private student loans under the federal student loan consolidation program. But you may be eligible to consolidate your Private Loans separately with a Private Consolidation Loan, which offers the same convenience of a single consolidated loan for your private student loans.

NextStudent believes that getting an education is the best investment you can make, and we’re dedicated to helping you pursue your education dreams by making College Funding simple. Learn more about Student Loans, Private Student Loans And Student Loan Consolidation at NextStudent.com.

About the Author

Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.

Where can I get a good student loan or student Grant for my daughter?

I need to see about getting a student loan or a Student Grant for my daughters college fees? What's the best one?

Before getting your 1st student loan..KNOW YOUR LOANS: FEDERAL VS. PRIVATE

Though federal and private loans are both eligible for consolidation, Federal Loans have superior rates and terms, which are set by the government. However, federal and private loans must be consolidated separately.

Federal Loans Have Favorable Terms

There are several types of federal loans that can be consolidated. These include:

* Stafford loan
* Perkins
* Parent PLUS
* Supplemental Loans for Students (SLSs)
* Health Professions Student Loans (HPSLs)
* Loans for Disadvantaged Students (LDSs)
* Nursing Student Loans (NSLs)
* Health Education Assistance Loans (HEALs)

Different loans carry different interest rates. Some are fixed, some are variable. While it's possible to consolidate fixed--and variable-rate loans, the primary advantage of consolidation is shifting your variable-rate loans to a fixed rate.
Find more information:http://student-loan-consolidationrebate.blogspot.com/

Financial Aid : Where to Get a Student Loan With No Job

 

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