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 … Continue reading “Reasonable approach to student loans”
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 … Continue reading “Plan would cap rates on loans to undergrads”
Private student loan consolidation companies can help provide the opportunity to refinance educational debt and create an appropriate payment plan. There are not many to choose from and there are important things to know about each type of lending company and their services. Each service provides assistance for students with debt depending on their different … Continue reading “Consolidation companies help refinance educational debt”
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Federal student loan consolidation allows you to combine one or more existing student loans into one single consolidation loan with a new repayment schedule. You will have lower monthly payments, but you will pay much higher interest over the life of the loan because you will be making smaller payments over a longer time. When … Continue reading “Making smaller payments over a longer time”