Wednesday, June 20, 2007

Student Loan Consolidation

STudent loans are like an albatross around many of our necks. Many have 2 or 3 separate loans that they are paying on at varying interest rates depending on where, and when they got the loan. Student Loan Consolidation takes all that extra work away. With a solid Student Loan Consolidation most borrowers find that they can reduce their monthly payments as much as 60% and free up some very useful cash flow. NextStudent.com has interest rates right now starting as low as 4.5% on their Federal Student Loan consolidation programs. With rates rising, and coming off record lows, it is likely that you are going to save yourself some serious money if you consolidate now. Those rates are variable and as rates go up, so does your payment. Lock in that rate while the rate is low.

What if you for some reason cannot get, or need more than what a Federal loan offers? Nextstudent.com offers Private Student Loans for just that situation as well. You can borrow annually up to the full cost of expenses (less financial aid received) or $40,000 (whichever is the lesser), with a NextStudent Private Loan for undergraduate and graduate students. They have the options that will work for you no matter what your needs.

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