tag:blogger.com,1999:blog-29454754056273758142024-03-14T10:00:04.863+07:00Student Loansprivate student loan, education loan, apply college loansadminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2945475405627375814.post-75069554873191980662011-09-24T09:47:00.000+07:002011-09-24T09:47:32.269+07:00Wista, Cewek Gatel SMA Jakarta<b>Pertinent Information About Student Loans</b><br />
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Borrowing money from a reputable lenders and paying them back with a certain interest rate in a particular period of time is referred as loans. There are different kinds of loans and one of the most common and famous kind of loan is the student loan. It is usually given to students who want to pursue higher education. We are all aware that college education is expensive when it comes to tuition fees and other requirements. There are families who are experiencing financial constraints and cannot give enough financial support to their children in terms of educational expense that is why this kind of loan is being offered.<br />
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There are various students who are in need of financial aid upon studying college. It is a common scenario wherein a student wants to pursue college but unfortunately, there is no enough financial support. Some student deserves to be given the chance to study and finish their chosen profession. For this reason, the government and other private organizations took action to deal this important matter and it has been agreed to offer loans and pay later as their college education is completed. Acquisition of a loan for students has lesser interest rate compared to other types of loans offered by banks and lending companies. It is really a big help to students who are eager to study and finish their career path in college education. It will make them feel more at ease and comfortable to study if they know that they have enough funds in completing the full course. Anxiety and stress will be lessen too since students will only pay for the money they owe as they will already start working. So students who have loans must have stable job first after they have graduated in order to start their payment. Going to a university or college is not an easy matter. There are so many things to include in the budget such as the meals, projects, other requirements, tuition fees and a lot more. Graduating from a college needs a lot of effort and money.<br />
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Keep in mind that when you decide to apply for a student loan, make sure to select a reliable and secured company. You can make some research first about the best and reputable companies in town who offer this kind of services so that you can rest assured that your account is in good hands. Remember that all financial matters you have will be reflected in your credit report. So make certain that you will maintain your good credit rating from now on. Look for a firm who offers reasonable interest rate for students since lending companies and banks have vary each other when it comes to interest percentage. Always compare several lenders before you will fill up and submit an application form. Evaluate the terms and conditions of the contract and determine the period and mode of payment after you have graduated in your desired school and profession. It is best that you will process this matter with your parents or guardians to ensure best outcomes in the future.<br />
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Article Source: http://EzineArticles.com/5319562adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-67353582149917375132011-09-24T09:44:00.000+07:002011-09-24T09:44:43.848+07:00Rini, Cewek SMA Genit Bandung<b>Advantages of Consolidating Student Loans</b><br />
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Introduction<br />
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Worried about the variable interest rates of your student loans? Now debt management professionals have come up with some unique tricks to help you handle your student debt problems.<br />
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Student Debt Problems<br />
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Even fixed interest rate student loans like Federal Plus and Stafford Loans are subject to annual interest rate adjustments. Hence, depending on the updated interest rates, your monthly payment may still vary from year to year. Having debt when you are already on a shoe-string budget means that these variable interest rates might add to your student debt problems even more. But there is a debt management solution that can help you do away with higher interest student debt problems. You can convert your variable interest rate student loans into one fixed-rate student loan, courtesy of student loan consolidation.<br />
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Eligibility of Student Consolidation Loans<br />
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* Those who have opted for federal student loans are eligible for debt consolidation.<br />
* If you have taken any other private loans along with the federal loan, then you are not eligible for consolidation.<br />
* Parents who have taken Federal Plus Loans to support their children's education can also apply for this consolidation.<br />
* Debt management experts also suggest that student debt should be in repayment mode for you to be eligible for a student consolidation loan. In other words, there should be an additional grace period or forbearance period.<br />
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Advantages of Student Loan Consolidation Programs<br />
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It's easier and faster.<br />
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It is very easy to opt for student debt consolidation. You just need to contact your debt management counselor, and the rest of the process is handled by them. No credit check and no co-signers are required to apply for this process. Also there are no prepayment penalties.<br />
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It's a hassle-free way to get rid of debt problems.<br />
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Juggling multiple bills and multiple monthly payments to multiple creditors is not easy. We often tend to make mistakes by delaying or missing one monthly debt payment or the other. But debt consolidation bundles various student loans into a single fixed interest pay off format.<br />
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<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkRLHaj59CP39M-6GGrjrP9n8zrihxsFR6eH6QZWl9GibRDpWpqELeY2bgAAfuMEovm9zVbysdbQq_-BJxZ1dbNiuw93EUVISx-09jpePlYJa-NG6vn919FrSrKMJHUSlTxCcfZY5mV8vn/s1600/sma+perek.jpg" /><br />
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Reduce your monthly payment up to 40%.<br />
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The student debt repayment period is generally ten years, but debt management experts recommend debt consolidation for an extended repayment term. You can extend it for a period of 20 years or even up to 30 years. The longer the repayment term, the lower the monthly payment will be. You can lower your student debt payment by up to 40% through this option.<br />
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Article Source: http://EzineArticles.com/5608078adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-59624213278071931792011-09-24T08:48:00.000+07:002011-09-24T08:48:54.038+07:00Putri, Cewek SMA Semarang Cute<b>Guidelines for Students Applying For Student Loans</b><br />
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As more and more youngster recognize the financial and situational conditions that they have been living in and aspire for more, student loans offered by almost all banks today seems the most appealing choice to turn to for something one might not necessarily be able to afford.<br />
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A college education is not an independent entity by itself today. One has to consider the expenses that a college education brings with it, especially if the college of choice is not in the same city or state of residence. Living expenses have sky rocketed, especially if related to esteemed colleges. Food costs, travel and an entire bunch of latent fees also add up. If one would like to supplement their education by taking external tuition classes, it could burn a hole in ones pocket. However times have changed and students no longer have to rely wholly on the parents and draw from the bread earners income.<br />
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A student loan is a loan extended by a bank towards the education of a student covering all his/her college and schooling tuition. It differs from other loans because it is offered to unemployed persons with a low rate of interest and a deferred repayment schedule.<br />
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Once you have a college admission confirmation and a letter to prove it, its time to have a serious talk with your parents. If you want to apply for a loan you will require o produce your admission letter and a cosigner. It's best to draw up a plan before doing so.<br />
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It is extremely important to go over the college prospectus carefully and understand every hidden and visible cost and over head. If your parent is willing to help out with a small payment towards the educations, you need to understand how much of a loan to apply for in terms of amount. Once that is decided you will require researching the existing bank rates of interests and amount being offered.<br />
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All documents required for verification and approval of bank loan are available at the admission departments at the college. You will have to co ordinate with the admission department for assistance in this regard.<br />
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Taking an adult from your immediate kin, a parent or closely related uncle will better your chances at getting the approval for the loan.banks need to be guaranteed that the money they will be lending you will be repaid as per the contract. As such times more responsible and sincere people will be better judged than an inexperienced teenager.<br />
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<img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhki5NzPgfuZTeIYnRLqxscjEvEzYH7PzxJiLrGP7AymfFyhbOrelSxUEHJ3dg4pWOO9oiz42TVOStes3TZD0iitcvaHpx2Hu7J7XfBJ_gOhM0WKY87hSC7Kmu08DpC9WFlZE13xrjMyEDq/s400/cewe+sma+bispak.jpg" width="300" /><br />
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A bank does not give you the money in a lump sum. It is always paid in two (or more) installments depending on the bank. Hence it is extremely important to draw out a budget and stick to it so there is no shortage of money and all major expenses are taken care of.<br />
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Article Source: http://EzineArticles.com/5676083adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-56815802798560847772011-09-24T08:01:00.000+07:002011-09-24T08:01:35.705+07:00Intan, Cewek Imut SMA SoloThere are a lot of students who cannot pursue their studies because they don't have enough funds to pay the colleges and universities. This actually ruins their entire life and they have to work for a lesser salary. But now you don't have to worry about the college fund anymore. You can easily apply for a bank student loan and you can pursue your education with the money you get. There are so many banks that are offering this service to not only needy students but to everyone else. Sometimes the college and university fees are just not affordable and this is where the bank student loan comes in. there is a lot of competition among banks because there are so many financial institutions that are providing this service. But you need to make sure that you get your loan sanctioned form the right financial institution.<br />
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These loans are completely different from the normal ones as they are given out to people who are unemployed. This also makes the rate of interest very low. The time period to return the money starts from when the student gets a job and starts earning. The loan that is extended will be able to fulfill the students every need. The college and the tuition fees can be taken care of. But the bank in which you are applying a loan for will need definite proof that you will be using the extended money for an educational purpose. They will need to check your grades as well as the admission letter from the college or university. To get an idea about how much cash you will actually require, you should thoroughly go through the entire college prospectus. While choosing a bank you need to check out the rate of interests and calculate to see if paying it back will be affordable.<br />
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<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXjWQOevakO_OTWRaErdjZ7IYh32dnkV8Xua4zN6BUCSkzH19NzDNqSi6eOiI4laj-na3CkrDtVBPWTx9xeezrCcz5Vx4X5EtKpDJk4Vv91xV2gGy0DfnQVys3EH0Yati6xozhZmEIM5WL/s1600/cewek+sma+imut.jpg" /><br />
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You can look for different banks on the internet. Here you will have the benefit of comparing rates and this will help you figure out which one is more preferable. Once you have chosen a bank or a financial institution you need to see what its requirements are. You should make arrangements and collect the necessary documents that you will have to present to the bank. There are some documents that you will have to collect from the admission department of the respective college. You also should know that the bank won't pay the entire amount at one time. The amount will be paid in two to three installments.<br />
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Article Source: http://EzineArticles.com/5713335adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-17455326417305431702011-09-24T07:53:00.000+07:002011-09-24T07:53:50.368+07:00Rahma, Cewek SMA Narsis Palembang<b>Federal Student Loans Vs Private Student Loans - Which One Is the Best?</b><br />
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If you begin the process of finding out how you'll pay for college? Financial aid is great - it will help you achieve your educational dreams, but it is a complex process with an increasing number of loan options for students to choose from. Assuming you has examined all possibilities for scholarships and grants, the next opportunity to research student loans. These come in two universal categories: federal student loans and private student loans.<br />
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You have all the scholarships can be, but still need money for your education. It's time to look at loans. But which is better than government bonds or private?<br />
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Federal Loans<br />
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If you want to borrow money to pay for your education, you should always look first to bonds. The worst things about the federal education loan, loans are long-term loans with low interest rates are intended for students who need money for their education. They have several advantages compared to other options, including<br />
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• The lower interest rates<br />
• Option to defer payments<br />
• The longer repayment terms<br />
• Easier credit requirements<br />
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The benefit of certain of these loans Federal Perkins and Federal Stafford Loan subsidy is necessary based, others not. You must fill out a FAFSA to apply for these loans.<br />
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The most common federal loans for students are:<br />
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Federal Perkins<br />
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Federal Perkins is a small loan to students who have exceptional financial need based on the information on their FAFSA. Students can borrow up to $ 4,000 a year, while students can borrow up to $ 6,000 a year.<br />
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Federal Stafford<br />
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Republic Federal Stafford loans are available to pupils and students. The loan amount depends on year, a student at the school and whether they are financially dependent or independent. Your financial aid office of the school determines your eligibility.<br />
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Stafford Loans can be subsidized or not. Financial need determines which type of student is eligible. Subsidized loans are based on financial need. The government pays the interest though the student is in school, in deferment, and in your grace period.<br />
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Unsubsidized loans are obtainable to all students despite of income. Students are responsible for all interests.<br />
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Federal PLUS<br />
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Federal PLUS (Parent Loan for Students) is a lower interest for education for parents. Every year, parents can borrow up to pay for their attendance, minus other aid received (grants, scholarships, student loans, etc.)<br />
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PLUS loan is not based on financial need. Applicants must pass a credit check.<br />
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Private loans<br />
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Private loans are calculated to enhancement federal loan programs and are obtainable in schools, banks and lending institutions of education. They are frequently used to cover education expenses that cannot be met by federal aid.<br />
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<img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzTpI074d-ZD8fnTVFwJizQ8RHCcxt1hJWa_TLD1v0VLsGAXA1HrjfyzbcfK58CwhYUleiQBHUPZuJj0MJkELURsszrUVXIffkvPyAiubif8tFnOeZyidC2lbeXxGVp8Rt96PMaIblNmO6/s320/cewek+sma+genit.jpg" width="240" /><br />
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Terms of these loans varies from lender and credit history. Keep these things in mind when considering a private loan:<br />
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• Private loans have recognition necessities, and you may require a cosigner<br />
• The lender determines the rate of interest and fees that may be unnatural by your credit score<br />
• Private loans can offer options<br />
• Deferral of private loan programs may offer borrower benefits, such as rebates or rate reductions<br />
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Whatever type of loan you go, be careful and borrow wisely! All loans must be repaid, whether federal or private. This does not mean that your financial aid federal student loan will pay for everything, they cannot. But you are sure you have got the best price college student you can get started.<br />
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Article Source: http://EzineArticles.com/5945373adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-19981633800687839012011-09-24T07:48:00.000+07:002011-09-24T07:48:51.545+07:00Dinda, Cewek SMA Gatel Surabaya<b>Paying for College: Student Loans or Credit Cards?</b><br />
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Research conducted by student loan company Sallie Mae shows that in 2010, about 5 percent of college students paid an average of more than $2,000 in tuition and other educational expenses using a credit card to avoid taking out student loans. The same study showed that 6 percent of parents used credit cards to pay an average of nearly $5,000 in educational expenses for their college children.<br />
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Is using credit cards a smart way to avoid college loan debt? Financial advisors are in near-universal agreement that the answer is no, but that isn't stopping thousands of families from using credit cards in place of parent and student loans.<br />
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Some families might think that all debt is equal; others might think that they won't qualify for college loans. So what advantages exactly do education loans offer over credit cards?<br />
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1) Availability<br />
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Particularly in the last few years, as credit card companies have tightened their credit requirements in a retraction of the lax lending that led to the foreclosure crisis, credit cards have become harder to qualify for, available mostly only to consumers with strong credit. Many consumers with weaker credit have had their credit lines reduced or eliminated altogether.<br />
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Federal college loans, on the other hand, are available with minimal to no credit requirements. Government-funded Perkins loans and Stafford loans are issued to students in their own name without a credit check and with no income, employment, or co-signer required.<br />
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Federal parent loans, known as PLUS loans, have no income requirements and require only that you be free of major adverse credit items - a recent bankruptcy or foreclosure, defaulted federal education loans, and delinquencies of 90 days or more.<br />
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In other words, don't turn to credit cards simply because you think you won't qualify for school loans. Chances are, these days, you're more likely to qualify for a federal college loan than for a credit card.<br />
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2) Fixed Interest Rates<br />
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While most credit cards carry variable interest rates, federal student and parent loans are fixed-rate loans. With a fixed interest rate, you have the security of knowing that your student loan rate and monthly payments won't go up even when general interest rates do.<br />
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Many credit cards will also penalize you for late or missed payments by raising your interest rate. Federal school loans keep the same rate regardless of your payment history.<br />
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3) Deferred Repayment<br />
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Repayment on both federal student loans and federal parent loans can be postponed until six months after the student leaves school (nine months for Perkins undergraduate loans).<br />
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With credit cards, however, the bill is due right away, and the interest rate on a credit card balance is generally much higher than the interest rate charged on federal school loans.<br />
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If you're experiencing financial hardship, federal loans also offer additional payment deferment and forbearance options that can allow you to postpone making payments until you're back on your feet.<br />
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Even most private student loans - non-federal education loans offered by banks, credit unions, and other private lenders - offer you the option to defer making payments until after graduation.<br />
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Keep in mind, however, that even while your payments are deferred, the interest on these private student loans, as well as on federal parent loans and on unsubsidized federal student loans, will continue to accrue.<br />
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If the prospect makes you nervous of having deferred college loan debt that's slowly growing from accumulating interest charges, talk to your lender about in-school prepayment options that can allow you to pay off at least the interest each month on your school loans so your balances don't get any larger while you're still in school.<br />
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4) Income-Based Repayment Options<br />
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Once you do begin repaying your college loans, federal loans offer extended and income-based repayment options.<br />
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Extended repayment plans give you more time to repay, reducing the amount you have to pay each month. An income-based repayment plan scales down your monthly payments to a certain allowable percentage of your income so that your student loan payments aren't eating up more of your budget than you can live on.<br />
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Credit cards don't offer this kind of repayment flexibility, regardless of your employment, income, or financial situation. Your credit card will require a minimum monthly payment, and if you don't have the resources to pay it, your credit card company can begin collection activities to try to recover the money you owe them.<br />
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5) Tax Benefits<br />
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Any interest you pay on your parent or student loan debt may be tax-deductible. (You'll need to file a 1040A or 1040 instead of a 1040EZ in order to take the student loan interest deduction.)<br />
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In contrast, the interest on credit card purchases, even when a credit card is used for otherwise deductible educational expenses, can't be deducted.<br />
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To verify your eligibility for any tax benefits on your college loans, consult with a tax advisor or refer to Publication 970 of the IRS, "Tax Benefits for Education," available on the IRS website.<br />
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<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8RhFi371IV9FJxmjC52Z2G0VntYRtkEpDb3jnmM7fkrLxMnFCfjhMSNbu4CKcbM_Tqom3KFBSPIGXYj4_ZH_dQps0qGc-raFctSBB6G_qoWPLX5BgPrBWYZ4tZPve1V-uTL4q9F7ODtxs/s1600/bispak+sma.jpg" /><br />
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6) Student Loan Forgiveness Programs<br />
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Whereas the only way to escape your current credit card debt is to have it written off in a bankruptcy, several loan forgiveness programs exist that provide partial or total student loan debt relief for eligible borrowers.<br />
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Typically, these loan forgiveness programs will pay off some or all of your undergraduate and graduate school loan debt in exchange for a commitment from you to work for a certain number of years in a high-demand or underserved area.<br />
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The federal government sponsors the Public Loan Forgiveness Program, which will write off any remaining federal education loan debt you have after you've worked for 10 years in a public-service job.<br />
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Other federal, state, and private loan forgiveness programs will pay off federal and private student loans for a variety of professionals - veterinarians, nurses, rural doctors, and public attorneys, among others.<br />
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Article Source: http://EzineArticles.com/5977288adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-6674354059639829372011-09-24T07:44:00.000+07:002011-09-24T07:44:38.042+07:00Ida, Cewek SMA Jember<b>The Basics Of Student Loans And Grants</b><br />
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Since the cost of good quality education is rising higher by the day, it becomes increasingly necessary for students to apply for loans and grants to meet this cost. These student loans and grants have several charges to them, which operate differently. A loan is given with certain regulations such as repayment period and mode of payment as well as eligibility criteria. Student's grants are given for a specific purpose such as research, though they are usually given in bits, and they may not cover the entire cost of the project. Grants are usually given by organizations such as the government or charities, and they are to aid the institution in running their learning affairs. The beauty of these is that they are not repaid and are given as a gift.<br />
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Loans attract an interest rate that is dependent on the lending institution. Usually federal student loans attract a much lower interest rate as compared to those from other private financial institutions. Apart from the interest rates, loans also have other charges who are either paid on application or are incorporated to the principal. Loans are also either paid through the college or directly to the student. Institutions that offer grants as a form of the financial aid monitor the use of these monies to ensure that there is no misappropriation and that the intended purpose is fulfilled. In such cases, they either has someone stationed permanently on the ground to do this, or they send in assessors from time to time for appraisal.<br />
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A similarity between student loans and grants is that the individual student can apply for either to cover expenses for their education. Loans are applied by the student either through the learning institution or directly and privately to the student. All federal loans go through the school before reaching the student. Private loans can either be channeled through the school or awarded directly to the student. A student may apply for a grant to fund projects that are part of the course work. Learning institutions can also apply for grants to fund the learning activities for their students. Since research ultimately enhances learning, grants can also be offered to fund these so that the quality of education for college students is richer.<br />
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<img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixtN9feRI32h1O2EbnSb9kU2a0tpghLAjoG2BpM_HttoNmE7GFKNJWUAnEH6qmwZfOGADN5xx0HPsXvtdUZM4Wo8k_trDrJ3c3GQEihR_Kv2AwEjmwgxZFKmBN2PT4oYgAzxN4DtiLi3we/s400/abg+sma+bispak.jpg" width="300" /><br />
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Student's scholarships are a form of grant that is awarded to deserving students. Usually this is a form of education financing that most overlooks and one that is readily available and easily accessible. It is so amazing that most students opt for costly and constraining loans while this option is ignored. Most institutions that offer these only require the applicant to write an essay that may not take up more than an hour or so. And on the up side is that it is not a loan, so there are no interest rates and no repayment. It is a free funding program that is aimed at making learning easier and accessible to all. This is surely an avenue that should be pursued before taking the student loans and grants route.<br />
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Article Source: http://EzineArticles.com/5984194adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-88587428270085865712011-09-23T10:58:00.000+07:002011-09-23T10:58:58.955+07:00Mona, Cewek SMA Genit Batam<b>Student Loans: What Happens If You Default On Your Loan</b><br />
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Many students take out federal student loans such as Perkins loans and Stafford loans every year, because they need assistance in funding their college education. They are a huge help to a lot of people, and allow students to gain a higher education where they otherwise would not have been able to afford it. Once you leave school though, you need to pay these loans back in full and on time, in accordance with your loan agreement and repayment plan.<br />
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There is a grace period between graduation and having to start your repayments, which is six months on a Stafford loan and nine months on a Perkins loan, but this is generally expected to be long enough for you to be out of college for you to find a job and be in a position to start repaying your debt.<br />
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If you are unable to make repayments for reasons beyond your control that have left you in financial hardship, for example if you are unable to find work, have lost your job, or have been unable to work for health reasons, you may be allowed to get a deferral approved on your loan so you can have up to three years off from making repayments. If you aren't granted a deferral, you can request forbearance.<br />
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This is a form of relief where your payments can either be stopped altogether or reduced for a period of up to twelve months at a time (for an overall period of no more than three years). You need to inform your loan provider of any difficulties you are having making repayments as soon as you are aware of them so you can start the process of getting a deferral or forbearance approved, because if you don't you will default on your loan and this has very serious consequences.<br />
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<img border="0" src="http://4.bp.blogspot.com/-Bjpo1sN-NO4/TlXgGWohvWI/AAAAAAAAAAg/VS-cKMUkNCs/s1600/263367_215962665123093_100001280833802_658786_2945034_n.jpg" /><br />
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If you default on any loan, including a federal student loan, your loan provider, your college, and the government can all take action against you in order to recover their money. This can involve suing you, deducting payments automatically from your pay, and withholding any tax refunds you would normally be owed. Notice of your default will also be supplied to credit referencing agencies, meaning that you will find it very difficult to get any credit products from any outlets in future, including mortgages, credit cards, and any other loans you may need. You will also be unable to get any further student funding should you ever want to go back into education.<br />
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The effects of a default can be very serious and last for years, and cause complications for you later on when perhaps your financial situation is better and you want to be able to buy a house or similar. For this reason it is vital that you stick to your legally binding repayment agreement, and notify your loan provider of any problems in good time so that action can be taken to help you.<br />
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Article Source: http://EzineArticles.com/6463818adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-41966249466726315542011-09-23T10:50:00.000+07:002011-09-23T10:50:46.032+07:00Regina, Cewek Cantik SMA Semarang<b>Astrive Student Loans - Financial Aid Provided for Students</b><br />
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Whether we like it or not, financial support is one of the main factors that put a stop to one's education. It is true that there are many means of financial aid provided for students, but getting them can be very tricky, draining, and disappointing; especially if you are an average student, with a moderate GPA. So what are your options if you are someone like that? Well one of the first things that comes to mind in a situation like this would be the student loans. In this article I will elaborate on one particular loan for student, that have made the dream of a college education a reality to many; Astrive student loans.<br />
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Astrive student loans fall into the category of private loans, and you can get up to 40,000 dollars an year if you get the loan, while the minimum amount is 1,500 dollars. The maximum given time period to repay Astrive student loans is twenty years, but early repayment is advised as it would save you money in the long run, especially with the fluctuating interest rates.<br />
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To be eligible for Astrive student loans, you must have proof of enrollment to a school where you must at least be a part time student, must be able to prove your citizenship, should have personal references, and proof of income.<br />
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If you are thinking of applying for Astrive student loans , you could do it by yourself, provided that you have maintained a good credit history of at least twenty six months, you are of legal age, and that you are a citizen of the United States.<br />
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If you are planning to apply for Astrive loans, but your credit history is not that good, or you are an immigrant who hasn't worked in the United States for more than two years, or an international student, then what you need is a co- signer; a co- signer is someone who has a very good credit history, with US citizenship, and who is of legal age. When applying for Astrive loans it is highly advisable to have a co- signer even if you are eligible to apply on your own; because having a co- signer with a powerful credit history is considered a big plus point and therefore naturally increases your odds of getting Astrive student loans greatly.<br />
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<img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgaL4jhD2brD_n7b6_LEeNXXDvRK3ci9k4z5ly2PDGVOVSlAWY3I4RPKtIZDzX1m7vJRZS-QWP1-p21ulkexldGxTKrtYCWuSY_4RHkjEKhGbqvNWkmLls716I9dKdgnXROyRtZUtHSiWCx/s400/56151539360fb4191e12c8e0ae9824f05d0db00.jpg" width="400" /><br />
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In the current world, college education has almost become a necessity to be successful, so don't let anything hinder your education, because there's always a way out if you are determined to find it.<br />
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Article Source: http://EzineArticles.com/6493396adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-26937103418387904272011-09-23T10:27:00.000+07:002011-09-23T10:27:23.830+07:00Yuniar, Cewek SMA Seksi Jakarta<b>5 Tips for Minimizing School Loan Debt</b><br />
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Attending a college or university is often an expensive venture due to the high cost of tuition, books, dorms, food and other added fees. The problem with the high expense is that many students end up taking out large student loans to pay for all of the costs. After getting out of college, the debt lingers and is often challenging to pay off completely. Fortunately, it is possible to minimize your school loan debts.<br />
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Scholarships and Grants:<br />
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Scholarships and grants should always be one of the first steps to paying for your college expenses. Since scholarships and grants are free money that you can use for your degree, you will never need to pay it back. Scholarships and grants are available through the school, from private companies and from private organizations. They have specific requirements, such as a specific field of study or a specific GPA, but if you receive the money it will save on the amount of debt you take out.<br />
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Savings:<br />
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Open a college savings account early and put aside some money specifically for college. Starting as early as possible is ideal, but even if you start in high school you can have enough money put aside to pay for part of you college expense without touching debts. A 529 savings account is a perfect opportunity to lower your taxes and save up extra money while also investing that money. By adding an element of investing to the savings, you'll end up with more money for college available. If you decide to use a 529 college savings account, you will need to declare it on your FAFSA application.<br />
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Work During College:<br />
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Working part-time while you attend college can help you manage expenses while you are going to school. While it might not provide enough money to pay for everything, it will help you pay for some of the expenses like books and part of tuition.<br />
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Limit Student Loans:<br />
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Take out only the amount you need after exhausting all other sources of money to pay for the college. This will minimize the amount of money you take out in loans by preventing you from taking out extra money. Keep the amount of student loans you take out to the lowest possible amount rather than the maximum.<br />
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Make Loan Payments:<br />
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While you attend college, you are allowed to make loan payments on whatever student loans you've taken out. By paying as much as you can before getting out of college, by the time your degree is complete you will have paid back enough of the loan to have a much smaller debt.<br />
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<img border="0" height="298" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7Nt5jYe6pD0smOZ8hnt0DWnltebv12Wg7vQLDCWmwRVHvRQGFth88iMUJs0wQDR29HeZIT0FwXd0MjY9HaILNzgpTRjM-diQoqGlgtXCgq_Xoa-Khr4lADNus0aWYjZFKcouPI7XDSesQ/s400/cewek+sma+seksi.jpg" width="400" /><br />
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Conclusion:<br />
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Limiting your student loan debt is simple. You just need to avoid taking out more than you absolutely need to pay for college and use other options at the same time.<br />
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Article Source: http://EzineArticles.com/6522744adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-44232075848645849192011-09-23T10:18:00.000+07:002011-09-23T10:18:07.416+07:00Ratu, Cewek SMA Manis Manado<b>Save Money By Consolidating Student Loans</b><br />
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Students who are facing a challenge to pay for their education find a good financial aid in the form of student loans. A majority of students have to leave their college with a huge debt burden quite unfortunately. Apart from this, most of these students have to write multiple checks for their loan repayment each month as they are often obtained through various lenders. Consolidation is certainly a good solution to their problem.<br />
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Loan consolidation - What is it actually?<br />
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Loan consolidation is about adding all your student loans into one so that you have a single repayment plan and a single lender. Home mortgage refinancing and student loan consolidation are quite similar to each other. During consolidation, your current balances are met while the total balance rolls over to the consolidated loan. Thus, all you need to deal now is just a single student loan. Besides students their parents may also get their loans consolidated.<br />
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Can I consolidate my loans?<br />
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You should meet the following criteria:<br />
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You must fall within the 6-months grace period after your graduation, or you need to have started with your loan repayment.<br />
The total balance of your loans that meet the criteria should be over $7,500.<br />
You should have 2 or more lenders.<br />
Your student loans have not yet been consolidated, or when you have returned to school and acquired fresh loans since your consolidation.<br />
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<img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1WFnWE8ZaDhOr5B7Tu2-sivsB7_qAvTAlVaYYBmALR-mK2txlMTxG6Yk2FDPi44WkaP1q09_uYaTSQZkJ-3W_cZLoCXFMrgYVe1L6cpVy7QosHQY9iuap_95-qx-Egoug6YxVXmDP6-d3/s400/cewek+sma+bispak.jpeg" width="300" /><br />
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The following types of loans can be consolidated:<br />
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Federal Perkins<br />
National Direct Student<br />
Unsubsidized and Direct Subsidized<br />
Unsubsidized Federal Stafford and Federal Subsidized<br />
Direct PLUS and Federal PLUS<br />
Federal Consolidation and Direct Consolidation<br />
And many more.<br />
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Where can I get a consolidation loan?<br />
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You may get your loans consolidated through the U.S. Department of Education or a credit union participating in the Federal Family Education Loan Program or through a bank. Irrespective of where you get your loans consolidated, the terms and conditions usually remain same. Make sure you get in touch with the lenders who currently hold your loans regarding this.<br />
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If you have all loans through a single lender, you should get them consolidated with him.<br />
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While deciding about consolidating, make sure that you choose to do it only when you aren't going back to school and applying for fresh loans. In this way you might try to be sure that you'll achieve the best deal out of consolidation. The rate of interest doesn't usually vary between lenders, but you might achieve discounted rates through some of them for prompt repayments. Some of them will even offer discounts for obtaining the right to debit your account for monthly payments.<br />
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Your student loans may be consolidated any time during the grace period of 6 months or once you begin with your loan repayment. You may achieve a lower rate of interest if your loans get consolidated within the grace period. However, it is a better idea for you to wait till you reach the fifth month of your grace period and then consolidate your loans. This way, you won't lose the remaining grace period. It takes about 30-45 days for the entire consolidation process to get completed.<br />
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Article Source: http://EzineArticles.com/6522827adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-23251005082082619682011-09-23T10:09:00.001+07:002011-09-23T10:11:06.422+07:00Tika, Cewek SMA Toge Bandung<b>A Student Loan Refinance Deal to Help Organize Your Finances</b><br />
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Student loan experts often get asked this - is a student loan refinance move possible the way a home loan refinancing deal is? Well, if you've taken out more than one student loan and you have several minimum payments to make every month, a student loan refinance deal certainly would be possible and even advisable.<br />
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A refinancing deal should be of interest to anyone who finds it difficult to make all their payments every month. You wouldn't have different minimum payments to make nor different interest rates to deal with. When a deal like this works out in your favor, you'll be able to get everything together under one interest rate that is lower than what you would have paid with all the discrete payments. At the end of your student loans, when you've paid every cent down (yes, the very possibility does feel good to hear) you will find that you will have paid thousands less in interest.<br />
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Before you actually go and apply for something like this, a look at your credit report wouldn't be out of place. If there's any kind of credit-lowering entry in your credit report, you should probably take care of it first before you go in to file for your refinancing deal. You stand a great chance of getting the lowest possible interest coming to you this way. You would also benefit by smoothing out the application process to a considerable degree.<br />
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So where exactly do you go for a student loan refinance deal? In general, regular banks and credit unions do this. For an easier time so, an online lender might be better; you would get more competitive rates with an online lender. Shopping around would be a great idea.<br />
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<img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKzZXJprO_BdnnuSQ_djA0NvBZoeRjz118wprTEB4x55Ix1aDbUZ54mP5u6HIkFS_WWKvB4k-2nu232KhpNKFMm8Caexss0OSDBvPHdzQ-ixYFXM42gjYkVrmR42N4rivwdotT1FrUwDuo/s400/189780_198781230156792_100000747482989_547291_6019619_n.jpg" width="300" /><br />
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If you're really keen on getting the best refinancing deal possible, you should probably keep in mind that getting it done during the six-month grace period you get right after graduation would be a great way to get at least a half percentage point knocked off your interest rate. Lender incentives can be great way to get a point or two knocked off too. Applying with a lender to have an auto debit set up with your bank account for the payments to go out automatically each month could get you a quarter percentage point off. ScholarPoint is one company that does this. If you pay on time every single month for three years, lenders like these will even knock another percentage point off your rate.<br />
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Article Source: http://EzineArticles.com/6566926adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-87896643829226321782011-09-23T10:05:00.001+07:002011-09-23T10:11:40.144+07:00Reni, Cewek SMA Cantik Pekanbaru<b>Student Loan Debt Consolidation Tips</b><br />
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There's something about credit card money or student loan money that people find hard to take seriously. You're young when you take on student loans; it's hard to really get a feeling for how difficult money usually is to make. The $20,000 or $30,000 that you take on can easily seem like Monopoly money. All you need to do is get on the Sally Mae website, fill in a simple form and wait for the money. Shortly before graduation, when you begin applying for jobs all around, and you begin to see how tough it can be to make a decent salary, that's when it sinks in - you have to pay about $300 every month. At least three out of four people entering college leave at the end with some kind of massive student loan. It's a major problem. One of the first things that can occur to anyone struggling with a clutch of seven or eight student loans is this - student loan debt consolidation.<br />
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Doing this can really lower your payments in a way that can make all the difference to a struggling young graduate. Not only does it simplify everything to have one or two loans to pay instead of seven or eight, it can actually make it cheaper every month. Every loan comes with a high minimum payment. Bring everything together under consolidated loan and you have to pay just one minimum payment. And then of course, there's the hope that consolidating helps lower your interest rates and helps lower your payment in general by stretching out your repayment period.<br />
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Not every student loan debt consolidation package works that way though. To begin with, federal student loans come with fixed interest rates these days. This means that with federal loans, student loan debt consolidation doesn't really lower your rate that all. It only simplifies things and it could help stretch your repayment period out (although you'll have ended up paying thousands of dollars more in interest by the time you've paid everything down).<br />
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You should only consider student loan debt consolidation plans if you're having a great deal of trouble making your payments right now -in the hope that things will improve in the future. Because while any kind of consolidation you take on will certainly lower your monthly payments, you really will end up paying dearly in the end in added interest.<br />
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<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBXUCdTUrd5A5GdZDwAYNJDBECFoqPl3Y-5kE2fkSVejFW-ldoNYDf0dZNGmntUxNJ9gabM-9Yto2Zvtmr4xabhEy78KTtK4k3Q0vpAwUhHTtmDWgRHJhsW2ZnAViQfiQnCQ9XZRLoZKIY/s1600/cewek+smu.jpeg" /><br />
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Starting in 2009, borrowers have been able to opt for what is known as an income-based plan. They work out a certain percentage of your salary that you need to pay every month. They don't charge you a fixed sum. The good news is that you don't need to have opted for such a plan going in. You could opt for an income-based plan at any stage. The great part here is that when you do this, you reset the clock on your repayments; you get a fresh 25 years.<br />
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Article Source: http://EzineArticles.com/6566924adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.comtag:blogger.com,1999:blog-2945475405627375814.post-10074874365388254412011-09-23T09:50:00.003+07:002011-09-23T10:11:50.767+07:00Icha, Cewek Hot SMA Jakarta<b>Undergraduate Student Loans</b><br />
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Undergraduate student loans are simple to obtain. First you decide which school best suits you. The most important fit is that the institute of higher education offer the program you wish to take. Secondly is in a location you can get to, and thirdly the environment at the school is one that you feel you will excel in. Often two very different schools offer the same program and they are both easy to get to for you, but one you may find you feel more comfortable in than another. Take some time to walk around the campus and find a place you fit in. Once you decide on your school, apply. When you have been accepted you will need to immediately go on-line and fill out your FAFSA form at the United States Government website. Do not use any website that charges you to fill out a FAFSA. When your FAFSA application is accepted and approved you will need to go to your student loan office, or visit their website and apply for your Stafford Loans.<br />
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Stafford loans are subsidized and unsubsidized, most undergraduate student loans will have a portion of each. Subsidized loans you do not pay the interest on while you are in school or in your grace period before your repayment period. Unsubsidized student loans accrue interest while you are in school and in your grace period. The interest is just rolled into the undergraduate student loan amount.<br />
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The maximum amount a freshman in school can borrow between both unsubsidized and subsidized Stafford loans is $5,500 if the student is a first year dependent student and only $3,500 of that amount can be in subsidized loans if the student is an independent student. Sophomore students can borrow up to $6,500, but only $4,500 of that amount may be in subsidized loans if they are dependent undergraduate students. Independent undergraduate students may borrow up to $10,500 and no more than $4,500 of that amount may be in subsidized loans.<br />
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Undergraduate students do not often think in terms of limits with Stafford loans, but if they are going to continue on to Junior and Senior year, there is a lifetime limit of $31,000 for dependent students of which $23,000 may be subsidized, while undergraduate independent students may borrow up to $57,000 in a lifetime and of that $57,000 only $23,000 may be in subsidized loans. Total loan limits are referred to as aggregate loan limits.<br />
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After your loan is approved you will sign a master promissory note. This paper states that you solemnly swear to repay your loan and the interest that accrues on your unsubsidized loan. You may not have to sign a new master promissory note for every loan; the one you sign to begin with may cover you for all of the subsequent undergraduate student loans. After all of your paper work has gone through your borrowed monies will be paid to the school in two installments. Each installment will be for half of the loan amount. The institution you attend will use the money first for tuition and fees, then room and board if applicable, and then other school charges. If there is any money left, the financial aid office will let you know and disburse the extra funds to you b y check if you wish. If you do not wish the funds be given to you there is a paper to fill out in the financial aid office that will direct them to hold onto the extra undergraduate student loan money until later in case you need it.<br />
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<img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF05f2iJivW0c1uN0AI-I-c7vqy77SWXfyDTy_RgtZX4e04j2QoRKo2AmndNyw-kDU2ayGUhBG_T1Bjhibo-PJogrgyVAivK9vn3iYu7gdlz0YRIFdyVkyzOGSNfoONLh7T8APtf4WqHU1/s1600/5615152e1161a6d8b92d94e898cf369f352e22c.jpg" /><br />
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After your money is in place, attend school and do your best. Do not worry about your loans and let them affect your academic performance in school. College is a fun place to be where learning is the most important thing.<br />
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*FYI - If you are in the military and you had student loans before joining, while e you are in the military there is an act that can cap your interest rate at 6% during your military service. You would contact your lender to request this, as it does not happen automatically.<br />
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Article Source: http://EzineArticles.com/6488915adminhttp://www.blogger.com/profile/17478837776920120553noreply@blogger.com