Chance to use consolidation to get out of default

If you are in default on your student loans, you cannot get new loans to go back to school, and you face severe collection procedures. Consolidation can give you a fresh start. You can consolidate defaulted student loans into a direct loan consolidation and stop collections including garnishments and tax intercepts. Be aware that if [...]

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What options are for loan repayment

Loan consolidation for students have recently a hot topic in the news as interest rates doubled this month due to failing efforts from Congress to hold financial-aid rates down for future borrowers. Meanwhile, those struggling to find jobs that can support their post-college student aid, which is borrowed for the sake of higher education, are [...]

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Too many borrowers remain unaided

The greatest challenge we face at this moment, however, has less to do with the price of new student loans than it does the $1.1 trillion that has already been drawn down. And while the government has made a decent effort to address this problem, too many borrowers remain unaided because their loans have been [...]

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Reasonable approach to student loans

Barack Obama signed into law a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just the first step in a broader. “Feels good signing bills. I haven’t done this in a while,” Obama said, alluding to the difficulty he’s faced getting Congress, particularly the Republican-controlled House, to approve his [...]

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Plan would cap rates on loans to undergrads

Under the compromise measure, undergraduate students would pay a rate of 3.85% next year on subsidized and unsubsidized Stafford loans. The plan would cap rates on loans to undergrads at 8.25%, for graduate students at 9.5% and parents at 10.5%. While this is not the agreement that any of us would have written, and many [...]

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