Search
Recommended Products
Related Links


 
 

 

 

Informative Articles

Consolidate Credit Card Debt
Do you have credit card debt? Are you struggling with debt from several credit cards like Mastercard, Visa and others? Have you ever crossed your mind to consolidate credit card debt? It is very easy to jump on the debt carousel and when you first...
Consumer Debt Solution - Analyzing Your Options
You have several options to reduce your consumer debt. You can take the do-it-yourself approach by consolidating debts into a low rate loan. You can also find help through companies that management payments or negotiate debt elimination. Each...
Credit card debt help
Debt consolidation is the most effective type of credit card debt help. Most people get into credit card debt when they end up getting more than one credit card, and unfortunately, they usually end up with more than one debt. The result is that...
Credit Counseling -- Why It Doesn't Work for Most Debtors
"Cut Your Payments in Half!" the headline screams. "Consolidate Your Bills into One Low Monthly Payment!" When you see ads like this, they are often from Credit Counseling firms. In this article, I'll explain the principles behind the Credit...
Debt And Financial Optimism In The UK Continue
With £1.3 trillion pounds worth of debt in the UK, Scotland’s Citizens Advice Bureau ( http://www.cas.org.uk/ ) has welcomed a new Bill to regulate lenders and protect borrowers from creating un-repayable levels of personal debt. Chief executive...
Debt Handling Solutions
Sometimes debt can seem overwhelming. In those instances, or even before things get that far out of hand, get back to basics and try some of these debt handling solutions. BASICS - Lower insurance deductibles for your homeowners, renters and...
Fair Debt Collection Practices Act Myths
Think you’ve got the FDCPA (Fair Debt Collection Practices Act) figured out? Don’t be so sure. While nothing can take the place of a lawyer’s advice, if you’ve at least overcome these three biggest myths about the law, you may save yourself a lot of...
Got Debt - Consider A Debt Management Company
You've been working yourself silly for years and yet... you still have no savings and the pile of unpaid bills seems to grow each and every month. You have creditors breathing down your neck - calling and sending you letters so much that you're...
Guide to online debt consolidation
Online debt consolidation programs help individuals to research, apply and take part in debt reduction programs. The consumer can manage the financing of debts at the click of a mouse. With the problem of excessive debt growing on today, online...
Pay Down Your Debt Now. Don't Wait For The Perfect Situation.
The number one reason people don’t get out of debt is they don’t try. This may apply to you. You want to, but never seem to do it. You put it off for whatever reason. Sometimes, you want to wait for your life to be just right before you...
 
 
 
Loosening The Grip Of Student Loan Debt

Funding education can be complicated and difficult to manage. Learn how to control your education debt with these tips and guides.
At this time of year many are seeking ways to cut costs on student loans. You may have a number of programs your paying off simultaneously. Plus loans, Stafford financing, private loans, etc.

How do you go about consolidating and or refinancing to lower rates, reduce payments or make one easy payment as opposed to two, three or more?

Consolidation Options

The first question here is what type of loan do you have? Federal government direct loans allow for a Federal Direct Consolidation Loan program. This program enables you to lower your rate by .25% with the checking account debit requirement.

Sallie Mae Programs

Sallie Mae offers a consolidation program with the following options: One percentage point discount after 48 consecutive timely payments 0.25% discount for electronic payment.

Private Loan Options

Private loans that are not federally backed from Sallie or Nellie Mae and therefore cannot be consolidated with federal loans. But there are programs that allow you to roll all your loans into

 


one account. Although the Federal and private loans are actually separate, you make one monthly payment that covers them all.

Another program, the H@LO Student Consolidation Loan can help you lower your monthly payments by up to 60% and lock in interest rates as low as 2.5%. See http://www.studentcollegeloan.com for more information on the H@LO program.

Benefits of the H@LO Student Consolidation Loan:

· Lower your monthly payment · Lock-in a lower interest rate, fixed for the life of the loan · It's free to consolidate · No credit check required · Maintain all the current benefits of your federal loans · Pay just one bill each month

If you're looking to refinance to lower rates, consolidate or both this may prove to be the ideal option for improved debt management.

About the Author

Mark Askew is editor for the Mortgage Loan Search Network at http://www.mortgageloansearch.cc and the Rate Watch Alert Newsletter. Offering consumers alternatives to business and personal finance.