|
|
|
consolidate student loans
What is federal student loan consolidation?
Federal student loan consolidation is a loan you can borrow to combine
your existing eligible federal student loans into a single loan. When you
apply for a Federal Consolidation Loan, you are taking out a new loan to
pay off all or a portion of your original eligible federal student loans.
The Federal Consolidation Loan has a fixed interest rate and a repayment
term of up to 30 years — depending on the total amount of your student
loan debt. You can compare and apply for student loans from many lenders
to make the best education funding choice for you and your family. Here
you can find ideas, tips and useful information and objective insights on
student loans, financial aid, college funding, student loan consolidation
and more. On Thursday, September 27th, 2007, President Bush signed H.R.
2669: Higher Education Access Act of 2007, into law. It will severely cut
the benefit packages which all FFELP (Federal Family Education Loan
Program) lenders can offer students after October 1st, 2007. As a result,
if your loan is not funded by September 30th, 2007, Student Loan Solutions
cannot guarantee that you will receive the benefits you are being quoted
today. Is there any difference between
federal stdent loans and private student lons? The difference between
federal and private student loans are simple: Federal student loans have
advantages over private loans. |
|
