Archive for Student Loans
Paying Your Student Loans With Your Credit Card
Posted by: | CommentsNowadays, it is very difficult to pay for college. Back in 1998, when I started at Fairleigh Dickinson University, I didn’t get a full scholarship to attend. So like every student in the US, I had to apply for student loans. By the end of graduate school, I owed about 30,000 dollars. Which isn’t a lot compared to other college graduates out there. So after getting a job, I started paying them monthly, but the interest rate was really high. On one loan I had a variable interest rate of 8 % and on the other loan I had an interest rate of 5.8% fixed.
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Why You Should Use Student Loan Consolidation Services
Posted by: | CommentsStudent loan consolidation. Wow, you knew it would be coming one of these days because of all the student loans you took out while you were going to college, but now that you have graduated, this situation will inevitably rear its ugly head and it is now time to face the music of needing to pay back all those student loans.
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Defaulted Student Loans – Consolidating Student Loans After Default
Posted by: | CommentsWe err in treating a student loan as a completely different transaction. However, it is very similar to any other loan and this will help us in defaulted a student loan consolidation.
Education has become very expensive and students are opting for loans to repay their debts. However, more than 30% of all students have or are defaulting on their loans. This scenario is equivalent to a financial suicide, because once default takes place, interest runs at a very high rate and the debt assumes impossible proportions very soon.
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