Dear Dr. Don, I have a question about student loan consolidation . Back in September 2009, I was a co-signer for a friend to help him out in a tight bind. Now, I regret making that decision. Upon his graduation in the fall of 2011, he was told I could get off the loan by simply writing a release form. Soon after, he told me this wasn’t possible since he was making just interest-only payments.The .. more …
Combining all of your loans into one loan has its good points and bad points. The good points include smaller monthly payments and that it’s much easier to manage one loan than several. All that said, there are a number of potential negative aspects involved if you should opt to consolidate, including longer repayment terms and usually higher interest rates. It’s vitally important to weigh the .. more …
First, you would like to make certain that you have already searched out all your other options. There are scholarships available from government that you can get to assist you, and you need to do some diligent searching the web to make sure you search and ask for all the possibilities you would qualify for. This is cost free funds so you should do this as you can possibly get assistance with your .. more …
Graduate students received financial assistance from President Obama’s student loan debt relief plan last month. Originally, this was supposed take place on Jan. 2014, but in the midst of the tuition and loan crisis students will see their financial loans lessen this year.In a public address to university grad students Obama said that over the past three decades the cost of college has nearly .. more …
Cedar Ed is pleased to announce the launch of its new Private Student Loan Consolidation website, .New York, NY (PRWEB) February 16, 2012 The new website will feature a student loan consolidation calculator, which uses an applicant’s remaining loan balances and existing monthly payments to estimate the impact of a private loan consolidation on their monthly finances. The website also offers an .. more …
Download the podcast on iTunes Download the podcast on feedburner Should you care? “) Low rates are eating away at good savers, general investors and retirement planners alike. Charles from MI wants to increase the income on his portfolio. In addition to laddering CD’s and investing in a diversified bond fund, we talked about dividend-producing stocks. A no-load fund like Vanguard Dividend .. more …
Let’s face it, completing law school may be an expensive undertaking, and federal student loans usually are not sufficient to cover all of your tuition, housing, and living expenses. Our law school tuition loans are designed to help fill in the gaps so you can concentrate on your education, instead of worrying about how to pay your rent. Our law school tuition loans are credit-based, and they have .. more …
Students who have made loans just to finish their college studies are now looking to find ways to pay back their loans. Student loan consolidation is being offered in answer to the problems students are facing after graduating in college via student loans. Because most find it hard to look for a high paying job after graduation, they are having a hard time paying for their loan or loans for that .. more …
Student loans can generate large amounts of student debt that almost comes out of nowhere. It is very easy for you to forget that you are increasing your debt while going to college. Most, if not all, loans are offered on an academic deferment basis, meaning you are not obligated to make any student loan payment until your academic career is finished. The bulk of these loans also accumulate .. more …
When it comes to debt, we usually think about mortgages and credit cards. Yet, the amount of student loan debt has recently surpassed credit card debt. Unlike a mortgage, you don’t have a tangible asset that you can sell to pay it off and unlike credit card debt, they’re notoriously difficult to get rid of even through bankruptcy. These are some of the reasons that student loan debt helped fuel .. more …
