Archive for April, 2010

Can GATE student loans be consolidated?

Can GATE student loans be consolidated?

I have a GATE loan from Bank of America. I took it out two years ago. I just finished graduate school this month. I previously consolidated some of my other loans (just didn’t consolidate this loan). I’d like to consolidate this loan too to aviod higher interest payments

Student Loan Consolidation-the Good, Bad, And The Ugly

Student Loan Consolidation-the Good, Bad, And The Ugly

With tuition costs rising across the country, it has become increasingly necessary for college students to take on debt in an effort to get their degree. But student loan repayments are often difficult for students to make, especially considering that early on graduates incomes are typically quite a bit (more…)

Paying Up Student Loan Made Easy

You can consolidate student loans at recent low consolidation interest rates; can help you save a lot of money. When you locked in to a solitary loan, which has less fixed interest rate, it will assist you in decreasing the monthly payment you make. Many lending companies concentrate in consolidation of student loans and give you a good offer that will be beneficiary for you. There are many lenders who provide excellent customer service and low interest rates with other benefits. It does not take too much time to consolidate student loan; the more important thing here is that you go through the agencies offering this feature and chose the right consolidating lender after good deliberation. Do not hurry while making the choice as it may bring trouble for you on a later date.
Comparing the various lenders is very important and if you have the time you can even fill up their no obligation form and applications online to get a better idea of their services. It is a very fast and safe way to go about it. Student consolidation loan can be a solution for your problem of repaying the debt taken for as a student. It is an advertised fact that you can get loans, for you to repay the student loans that are outstanding which will also lift your tensions; it will positively help you reduce your monthly payments. Most of us of heard of this but it is very important to find more on it before you plunge into the system. As you find more on it may feel a little more complicated than it looks.

It is good to understand when student consolidation loans are helpful. The value of debt on student consolidation loans is largely based on the amount and also the fact that what kind of student debt you have. As this loan will mostly reduces the student debt as it lowers the interest rate, which is charged on the principal amount. The functionality is dependant on the average interest, which is being paid by you on your outstanding debt.
Sometimes consolidation of student loans becomes more useful when you have debt on student loans, which is, comprises of private student loans. In case you add this with the credit card balance you have, you can get a great deal when you consolidate all your debts.  Believe it or not at an average you can reduce the interest rate by may be up to 5 points, which will help you save hundreds of dollars.

Leave the part of your student debt, which are federal student loans when consolidating, or else you will have to pay more interests on the principal amount and you will not gain anything much from debt consolidation. But you can find a few federal programs which help you to consolidate student loan which is taken from government or maybe you can reprogram your payment options to ease your failing budget. It is good to realize all the options, which you have for repayment, and for you to make an informed and correct decision for your good financial future.

Perkins Loan

The Perkins Loan is administered through the Department of Education and is distributed to students that are in need of additional financial aid. There are around 1,500 post-secondary institutions that participate in the this Loan Program with many more to follow thanks to the Student Aid and Responsibility Act of 2009.

Students that would like to become eligible for (more…)


Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…


When we wish money, it is similar to everybody wish to give we a loan! As a student, we could (more…)

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