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”
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”
However, sometimes is a good thing to be very careful about secured or collateralized loans. If you are using your home equity to consolidate, you need to very careful and understand possibility of risk. Just make sure you stay current with your all payments or you could be risking losing your home. When borrowers choose … Continue reading “The collateralization allows a lower interest rate”
Do you have multiple loans and their repayment will begin to make you troubles? Banks offer a so-called consolidation or refinancing loans. Under a complicated name hides a simple service. Imagine that you are paying several different loans: you bought the debt by credit card, you took your consumer credit from banks and credit companies, … Continue reading “Banks offer refinancing loans”