You’re looking for cash to pay bills, to buy a car or maybe do some work around the house.
It doesn't matter the size of the loan you're looking for…Www.2017may be able to match you with a lender that can help.
With federal programs expending approximately 4 million in 2010-11, student loan consolidation has been a well-received solution to student debt management.
Learn more about federal student loans Private loans, also referred to as alternative education loans, are backed by private lenders, while federal loans are backed by the U. The first part of your plan is providing a snapshot of your overall financial picture to a trusted partner of
Your options are determined by the amount of debt you carry and the current difficulty you have in fulfilling your monthly obligations.
Even if your student loans don’t strain your wallet, consolidating them into one payment could free up additional cash, or help to structure payback of your loans on your terms.
You may want a payment plan contingent on your income, or you may want to stretch your loan payback over a longer period of time for the lowest fixed payment.
Consolidating federal student loans may give you a much-needed break on your monthly student loan payments.
But that lower monthly payment amount comes with a price.
There are two primary types of educational loans — private and federal.
While both may be eligible for consolidation, it is important to think of these two types independent of each other when considering consolidation.
Private student loans are granted and managed by regular lending institutions – banks, college foundations, various state agencies – and typically charge a higher fixed or variable-interest rate than federally funded loan programs.
Private student loans are credit-based, meaning student borrowers with better credit scores will pay lower interest rates than those with lower scores because banks assess the risk of each borrower.
The creation of this one loan, which may reduce monthly payments and extend the lending time, creates the chance for easier repayment of all federal loans.