This Static Spot is open for sponsor

Click Here to Sponsor MCT Eric Post in Full Page

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sundanese Sundanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

 

 

Article Navigation

Back To Main Page


 

Click Here for more articles

Google
Student Loan Consolidation - Save Money, Pay Less, Spend More
by: Rick Braddy
Save Money, Pay Less, Spend More on What You Want? Sounds too good to be true, doesn't it? Well, if you'll spend a few minutes learning about student loan consolidation, you'll soon be armed with enough information to make some really good decisions and help you achieve all of the above, and more.

Student loans are available to students (and parents) in need of help
with living costs while studying and working on a degree program. For many students, student loans are their largest source of cash and income (in some cases, their only source). What often happens, is students acquire multiple student loans, then begin to have cash flow problems, which leads to charges on one or more credit cards. These credit cards are typically issued with very high interest rates, often 20% or higher. This is a severely problematic financial trap, and a very tough way to get started in life for a young person who is still in school or just about to graduate.

So, how does student loan consolidation work anyway? Well, unfortunately, too many students leave college with debt that weighs them down heavily, burdening their lives with debt that will haunt them for many years to come. More often than not, students accumulate multiple loans from various lenders. This leads to multiple payments each month, and often several loans with unfavorably high interest rates.

Loan consolidation allows students to combine multipleloans into a single instrument, one loan from a single lender. In effect, this is like refinancing a mortgage or credit card or other debt consolidation - multiple debts reduced to one. The balances of the multiple loans are paid off by the loan consolidation lender, and voila' - a single loan payment at a more favorable interest rate. Translation: lower monthly payments, less overhead costs for the borrowed money, and more immediate cash flow to spend on more important items today.

A student should seriously evaluate consolidating loans if the consolidated loan would result in a lower interest rate that the current student loans, especially if the student is struggling to make multiple student loan repayments.

Often times, the merged loan includes a more flexible set of repayment options, plus no charges, fees or prepay penalty. In some cases, there may even be no pesky credit checks, loan collaterals or cosigners involved.

Student loan consolidation can reduce payments up to 60 percent (actual amount saved will depend upon the existing loan interest rates). The other factor is the term of the loans. Typical loans are for a 10 year term. When consolidating student loans, its possible to refinance for up to 30 years (like a home mortgage). It's important that there be no prepayment penalties, since the student will likely want to pay these loans off much sooner, once their earning power is improved after graduating and progressing in a career that pays reasonably well. Of course, the longer the loan period, the higher the interest rate, and lower the initial payments, which frees up precious cash flow when it's needed most - while the student is in school.

So, if a student has multiple loans, typically in excess of $7,500 total, there are many benefits of looking seriously at a student consolidation loan. It's a great way to free up cash flow, pay less each month, and save money while in school.


About the author:
Rick Braddy is an avid writer, Texas Holdem poker player, professional software developer and marketer. His loan consolidation website provides students and parents with a wealth of free information on student loan consolidation that helps young people better finance their education.



Circulated by Article Emporium

 



©2005 - All Rights Reserved

This Static Spot is open for sponsor

College & University Information

Read Articles:

What Are Chemical Bonds and Why Do Th...
Online College Courses - Benefits and...
College Books - Tips and Tricks for S...
An Online College Education Overview
Choosing a College Degree - What is B...
How to Deal With College and Universi...
Do You Need A Paralegal Certificate? -
Choosing the Right Paralegal Courses -
Saving Money for College
Choosing A College Major
Education Needs to Emphasize Soft Ski...
Art Schools
A Look at Paralegal Training -
Adult Continuing Education and Youthf...
Periodic Properties of the Elements: ...
Earning your Associate’s Degree Online
What Do Paralegals Do? -
Is Paralegal Education Necessary? -
A Look at Paralegal Jobs -
Bachelor Degrees, Online?
No Knowledge No College GOODBYE Career
Online Degrees - Is Online Education ...
Essential Parenting Lessons for Enric...
Student Loan Consolidation - Save Mon...
How to choose the right online univer...
Is Affirmative Action In Jeopardy On ...
Receive your education online.
Higher Education: Finding The Right C...
Start right now..........
Playing and Winning the Scholarship Game
Use Affirmations and Visualizations t...
Getting a Masters Degree Online
6 Common Misconceptions about Study A...
Distance Learning for Your MBA
Study Abroad - 4 Steps To Choosing Th...
How To Find The Meaning Of Words As Y...
Learning On The Net: Online College ...
College Degree Is Worth $ 2.1 Million...
The New SAT
A Peek at Nursing as a Career
Finding A Scholarship Or College Grant
How To Pay For Your Online Degree
Tips To Consider For Your College Search
An Introduction To Online Colleges
Getting The Best Online College Educa...
An Online Degree Can Work For You
Getting Your Online Degree
Bartending: Building A Foundation For...
Options For Designing A College Savin...
How To Get Your Kids To Speak Your La...
Kids Can Learn Spanish
Learning Styles And Their Effect On L...
The Benefits Of Taking A College Cour...
Is College Degree Worth Money Investm...
Earning a College Degree Online
Overworked Doctors Go Online to Study
Online Degrees Can Charge Your Legal ...
Finding The Best Technology Schools
Online Education - Parents Who's Chil...
Wealthy Families Secret To Groom Bril...
How to Receive an Education and Train...
The Truth About Online Degrees
Writing A Successful College Applicat...
Picking Out the Best Nursing School
Your Guide To Top Nursing Schools
Student loan consolidation: look this...
Art Schools, the Artist’s Choice!
Understanding Fibromyalgia
A School Loan Consolidation Primer

More Article Pages 1 - 2

An Education in Saving on Textbooks

Every year students flock to the college bookstore to purchase the various textbooks that they require for their classes. Little do these students realize that, in doing so, they are throwing good money away. As unbelievable as it may seem textbooks, in some cases, actually cost as much, if not more, than tuition.

On the surface the college bookstore may seem like a convenient source for textbooks. Titles are usually in-stock and students may purchase new textbooks or opt for the cheaper alternative of used books. In truth the money saved by purchasing used textbooks from the college bookstore is only a fraction of the amount that students could be saving if they shopped online.

More and more online booksellers have begun selling textbooks at a considerable discount off of the cover price. In fact, many major booksellers now have special areas of their web sites that are devoted to selling nothing but textbooks. Online used bookstores are another source for college books as they stock a large number of textbooks, which means sizable savings for students. There are also web-based retailers whose inventory is entirely devoted to college books.

Students should avoid purchasing their textbooks at the first store that they browse. Instead, they should investigate the alternatives offered by other online booksellers. Price isn't the only factor to consider when making an online purchase. Students should also factor in shipping costs and delivery time when making their buying decision.

Online auctions are another option for students seeking a bargain. This option, however, has its pros and cons. A plus is that students can get incredible bargains when obtaining books via online auctions. One downside is that established retailers have channels in place to ensure that you receive your order within a reasonable amount of time. With an auction purchase, however, you are at the mercy of the auction seller's timetable.

One way that students can really save is by obtaining books for free. Project Gutenberg is one resource that English majors will find invaluable. At this site students can peruse a vast collection of classics that have entered the public domain. In the past students seeking assistance with their studies had to pay for the privilege of that help by purchasing study guides. Today that is no longer the case. Cash-strapped students can now visit Spark Notes for free downloadable study guides as well as free downloadable classics.

Students who elect to buy online will no longer be able to resell their books to the college bookstore at the end of class, but that doesn't mean that they are stuck with the textbooks. Many web sites that sell textbooks also offer students the option of selling their books to fellow bargain-seekers. This allows students to easily recouping a portion of their money.

Textbooks normally consume a major portion of a student's budget, but that doesn't have to be the case, because while the cost of tuition may be set in stone the price of textbooks isn't. By taking the time to do a little research on the best textbook values available college students can save money now rather than acquiring debt to be paid back later.

Copyright © 2004 Heather Wallace

Heather Wallace is founder of http://www.BargainMartian.com Visit to take advantage of the out of this world bargains from leading merchants found in this comprehensive directory of deals, rebates, bargains, coupons, and money-saving offers.



©2005 - All Rights Reserved

JV Blogs Visit free hit counter