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 … Continue reading “Plan would cap rates on loans to undergrads”

Borrowing students likely to default on their loans

The Keeping Student Loans Affordable Act, sponsored by Miller, is one of several proposals in Congress to delay or lessen the scheduled increase on student loan interest rates. A similar rate hike was scheduled to occur last summer but was delayed for one year after the issue became a talking point in the presidential campaigns … Continue reading “Borrowing students likely to default on their loans”

You can try suitable loan consolidation option

The Student’s Help For Debt by Robert S. Marks Student loans are very common as we all have to do what we can do to get by in this life anyway. No point in going back, you are in debt crisis with all your student loans, so here is what you can do about it … Continue reading “You can try suitable loan consolidation option”

Paying less overall interest as the balance is repaid

There is a debt relief option that can help. In fact, advises that borrowers who own homes may be able to combine their student loans with their mortgage. Stating the main premise behind debt consolidation loans, this will effectively lower the interest rates and could lower the monthly contributions as well. That should make it … Continue reading “Paying less overall interest as the balance is repaid”

Consolidating debt may reduce your overall monthly payments

Cash-out refinancing can help homeowners who want to consolidate high-interest, nondeductible debt. Because your mortgage interest rate is likely to be lower than rates on credit cards or other types of bank loans, consolidating debt may reduce your overall monthly debt payments. In addition, your mortgage interest may be tax-deductible, while your credit card interest … Continue reading “Consolidating debt may reduce your overall monthly payments”