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fannie mae student loan consolidation
Variety of Student Loan Options Available through NextStudent
As tuition at state colleges increases every year along with the increasing inflation rate, students and their parents often wonder how to pay for the entire cost of college. Oftentimes, federal student loans (http://www.nextstudent.com/) do not cover the full cost of tuition. However, NextStudent, the Phoenix-based premier education funding company, has a variety of ways to make it possible to receive that college degree.
Depending on the school, students can expect to pay either thousands or tens of thousands per school for attendance. It does not help that the Deficit Reduction Act of 2005 that passed in February cut approximately $12.7 billion to the federal student loan program. It also included one of the largest interest rate hikes on federal Stafford loans.
With all the bad news on student loans (http://www.nextstudent.com/student-loans/student-loans.asp) , there is a bright spot. NextStudent brings to students a host of loan options along with first-rate benefits and aggressive incentives to help make paying for college easier and less expensive.
NextStudents PLUS Loan Program
NextStudents PLUS Loans (http://www.nextstudent.com/plus_loans/plus_loans.asp) Parent Loans for Undergraduate Students are available to parents who want to help their children pay for college when federal aid is not enough. Parents can borrow 100 percent of college costs, less financial aid. The rate is as low as 6.25 percent when coupled with incentives such as a 2 percent interest rate reduction after the first 48 months of on-time payments, and a .25 percent reduction when parent borrowers repay their loans through Auto Debit.
Private Student Loans
Another option through NextStudent is Private student loans that can be applied for and received throughout the year. For student borrowers who qualify the loans can be disbursed quickly in as little as five business days. Private student loans (http://www.nextstudent.com/) are unsecured, credit-based and have no application fees. They can cover up to 100 percent of a students education, less any financial aid. Although Private student loans can be applied for with or without a co-signer, NextStudent approves more Private loans (http://www.nextstudent.com/) with a qualified co-signer.
Federal Stafford Loans
The federal Stafford loan interest rate now is set at 6.8 percent. Through NextStudents program, student borrowers can benefit from offerings including a 2 percent upfront cash rebate when they repay through Auto Debit and make one on-time monthly payment. Also available are a 1 percent rate reduction after the first 12 months of consecutive on-time payments and an additional 1 percent reduction after 24 months of consecutive on-time payments. An added bonus to the program is a .375 percent rate reduction when student borrowers repay through Auto Debit.
All of NextStudents student loan programs have benefits and incentives and their own flexible terms on repayment. To help make it easy for student borrowers to get to college, typically there are a variety of repayment options so that students have one less thing to worry about while they are in school. In addition, NextStudents Education Finance Advisers are knowledgeable and caring and help make the process of acquiring student loans no matter the type fast and easy.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans at http://www.nextstudent.com/.
More Useful Resource and Updates on fannie mae student loan consolidation
- New programs await students at Telstar (The Lewiston Sun Journal)
BETHEL - Telstar High School's 280 students will be greeted by a bright, landscaped entranceway when they begin classes. The new entrance and canopy, at a cost of about $92,000, is among two facility changes made for this school year. There are also several staff and program additions.
- TD Bank Financial Group Reports Third Quarter 2008 Results; Raises Dividend (PR Newswire via Yahoo! Finance)
Reported diluted earnings per share were $1.21, compared with
- Colleges, trade schools feel the pinch as lenders quit or restrict school loans (St. Louis Business Journal)
Mildred Elley is losing 60 to 70 recruits a year who fail to qualify for loans, as banks and other lenders continue to tighten standards and abandon the education funding business.
- Capturing the Youth Vote: McCain, Obama Target Concerns About Paying for College (Marketwire via Yahoo! Finance)
With the general presidential election only months away, concerns over the availability of student loans and how families will cover their college costs continue to be at the forefront of young voters' minds, in the midst of a dragging economy where credit is tight, unemployment is up, and high gas and food prices continue to eat away at families' paychecks.
- Schnurman: Borrowing from your 401(k) can be smart, not crazy (Fort Worth Star-Telegram)
The key is being savvy and disciplined.
- Consider consolidating student loans (The Springfield News-Leader)
When college alumni show up for homecoming weekend and hold forth about how much better things were when they were in school, it's usually the beer talking. But graduates who boast about the great deals they got on their federal student loans probably aren't exaggerating. As recently as three years ago, savvy borrowers who consolidated their loans were able to lock in rates as low as 2.88 percent.
- Struggling Lenders Continue to Suspend Federal and Private Student Loan Programs (Marketwire via Yahoo! Finance)
Despite federal legislation passed in May that was designed to help the struggling student loan industry, cash-strapped lenders continue to drop out of the student loan business, leaving families throughout the country scrambling to find a new student loan provider as 6.7 million undergraduates prepare to head back to school.
- CIBC Announces Third Quarter 2008 Results (CNW Group via Yahoo! Finance)
CIBC announced net income of $71 million for the third quarter ended July 31, 2008, compared with net income of $835 million for the same period last year. Diluted earnings per share were $0.11, compared with diluted EPS of $2.31 a year ago.
- Color of Money Book Club (Washington Post)
Personal finance columnist Michelle Singletary hosted an online discussion with Carolyn Warren, author of "Mortgage Rip-Offs and Money Savers" (John Wiley & Sons), on Thursday, Aug. 28 at Noon ET.
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