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Student loan information

Did you know that if you have outstanding current student loan debt, that you can consolidate that with other debt, and lower your monthly payments by about $150.00 or more? If you currently have and owe on your education loans, you would qualify.

Personally, I used a company called Scholar Point, but there are many others. I can explain more about them for you.
Scholar Point is an online loan site-that's it...that's all they do. It uses a technology platform, designed exclusively for education finance, and lets users complete every step of the student loan consolidation process in an instant. There is no wait, you get instant results.
Scholar Point helps users research all of their options and pick the best package to Consolidate your Student Loan

If you have ever applied before, you know how difficult and tedious traditional applications are. They are confusing to say the least, as there are usually too many choices and options to chose from. This is where Scholar Point's platform made it easy. It chose the most suitable for me and my budget.

They offered me some of the industry's lowest rates and best discounts on the programs below. I lowered my monthly overhead and payments about 52% plus got another 0.50% discount for adding my auto payment, and paying on time.

Federal Loan Consolidation
This loan is available to any borrower (both students and parents) who wants to combine his or her outstanding government guaranteed student loans into a single loan with a single monthly payment. The base consolidation interest rate is determined by taking the weighted average of the current interest rates on the existing/underlying loans that are consolidated. All federal education lenders determine the base consolidation interest rate using this formula. In addition, a Consolidation Loan may have a longer repayment term and lower monthly payments—making repayment easier and more manageable.

Private Loan Consolidation
This consolidation loan has been created to help the recent graduate manage repayment of any private education loans taken out during his or her studies. This loan can include up to $7500 of federal loans to make debt repayment easier. The borrower must be creditworthy or must obtain a creditworthy co-borrower.

Private Student Loans
A Private Education Loan is an unsecured consumer loan made by lenders to students and/or their parents to cover the cost of education. These loans may be used to cover costs not met by the federal, government-guaranteed student loans available. This type of loan is playing a growing role in allowing students to attend the college of their choice.

Federal Parent Loan for Undergraduate Students (PLUS) Loan
PLUS loans are available to an eligible parent of a dependent undergraduate student attending a participating post-secondary school. Parents can borrower amounts covering the total cost of education minus financial aid received. A PLUS Loan borrower must pass a basic credit check (credit score and income are not factored in) and is responsible for repaying principal and interest from the time the loan is funded. The interest rate is set annually by the U.S. Department of Education.

Federal Stafford Loans
This loan is available to students attending an eligible post-secondary school. There is no credit-worthiness requirement, but each loan must be certified by the school attended. There are two types of Stafford Loans – unsubsidized and subsidized. A student who demonstrates financial need is eligible to have the federal government pay the interest on the loan until repayment of the loan begins. A student may have a combination of subsidized and unsubsidized loans.

There's no credit check, no application fees, no pre-payment penalties. There was nothing to lose, and everything to gain. I used my free application. Once I qualified (surprisingly), I used the money to fix my van. The kids and I were then able to safely take a weekend trip together...read more about that on our Family Fun Pages.

Here are some other highly recommended resources for students and the types of loans described above.

NextStudent is a premium provider of private student loans and federal student loan consolidations. They also use a state-of-the-art scholarship search engine. NextStudent's scholarship search engine has received numerous awards and recognition including spots in Newsweek and Home PC's "Editor's Choice Award Winners," and features on CNN and ABC's 20/20. They also have a No cost loan consolidation

Student Loan Stop Qualification is Easy. There are no credit checks, no co-signers, no collateral required, and it costs absolutely nothing.
You will be done in 60 seconds! This is a FREE, U.S. Government Program (NO FEES or CHARGES). It is a Free Federal Loan and Debt Consolidation

See even more information on our Grants and Free College Money page.

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