Posted by
. :~ ShAh G . :~
at
4:56 PM
. :~ ALIVE FUN ARTICALS ~: .
There roughly are seven weeks remaining until interest rates on student loans are expected to greatly increase and rules and regulations will change. College and graduate students alike will feel a major pinch unless they now take action to consolidate their student loans.
Students throughout the country will feel considerable negative effects due to the passing Feb. 8 of the Deficit Reduction Act of 2005, S. 1932. Although many entities are finding fault with the legislation and others are seeking to challenge the bill, interest rates on student loans are poised to skyrocket on July 1.
Federal programs such as Medicare and Medicaid were cut with the passing of the Deficit Reduction Act. However, the federal student loan program took the deepest cuts, totaling more than $12 billion, leaving the nation’s students, parents and student loan companies outraged.
College More Expensive Than Ever
It is highly probable that students will face paying thousands more for their student loans because of the passing of the Deficit Reduction Act. Working-class and middle-class families that already have difficulty paying for higher education will be hit hardest. Tuition at universities and colleges throughout the country has been on the rise while the availability for student grants has decreased, making a college education less attainable.
Students who have federal loans, including PLUS and Stafford loans, can help ease their situations through student loan consolidation. By consolidating federal student loans before July 1 students easily can lock in a lower interest rate for the life of the loan. Through consolidation, students do not have to worry about a variety of monthly bills, as the program combines all of a student’s loans into one monthly payment. In addition, with student loan consolidation students can save as much as 60 percent, which can add up to a savings of thousands in the long run.
As the nation strives to be more globally competitive, the cost of college tuition is increasing. As costs increase and negative changes in the federal student loan program take hold, more and more students and families find it is more difficult to attend college. The rising cost of living is no help to graduates who find it difficult to pay back their student loans.
Student Loan Consolidation Can Save the Day
Student loan consolidation can be a big help to those students and graduates already weighed down under the heavy burden of college debt. However, with the looming July 1 rate increase scheduled to take effect, students should take action and consolidate their student loans before the deadline.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:55 PM
. :~ ALIVE FUN ARTICALS ~: .
In a little more than six weeks the interest rate on federal student loans is expected to increase. Recently short-term interest rates increased by 25 basis points, and the new target rate for federal funds is 5 percent. With the anticipated rate hikes so close, student loan consolidation is advisable for student borrowers who want to lock in rates before the July 1 deadline.
Every July 1 federal interest rates change for federal student loans according to the 91-day Treasury bill affecting Stafford loans and the 1-year Treasury bill that affects PLUS loans.
Rate Increase Expected
Although exact rate information will not be available until May 30, the following increased rates are expected on July 1: A 7.3 percent rate on Stafford loan repayment on loans made since July 1998; a 6.7 percent rate for in-school, grace and deferments; and an 8.1 percent rate on PLUS loans.
The rate increases coupled with the new rules and regulations brought forth by the passing in February of the Deficit Reduction Act of 2005, S. 1932, are poised to negatively effect the federal student loan program, most notably the rules for consolidation. The legislation includes $12.7 billion in cuts to the federal student loan program.
Student Loan Consolidation Still Available
Students still have time to take advantage of federal student loan consolidation, which bundles together all of a student’s loans into one monthly payment at a rate that is locked for the loan’s full term. Through student loan consolidation, students also are able to extend the repayment period on their loans, which saves thousands over time.
Through NextStudent, a premier education funding company based in Phoenix, student loan borrowers can save as much as 60 percent through consolidation. The company’s offerings include a 4.75 percent interest rate for in-school borrowers. A 2.5 percent interest rate is offered to qualified borrowers when benefits are applied, including a .60 percent in savings for consolidation after graduation, a .25 percent rate reduction when students choose Auto Debit, and an additional 1 percent reduction after 36 consecutive on-time payments.
College Becoming More Expensive
As the cost of a higher education increases along with interest rates, consolidation could be the answer for students with heavy student loan debt, especially those students from low-income and middle-income families finding it more difficult to pay for college in the first place. Graduates who consolidate can use their savings to put toward the necessities of their new lives, including rent and bills, instead of trying to pay off a variety of loans with high interest rates.
Students should keep the July 1 deadline in mind and take steps now to make their lives easier through consolidation. It is important to lock in a low rate before the increase takes effect and low rates no longer are available.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:54 PM
. :~ ALIVE FUN ARTICALS ~: .
The road to student loan consolidation is about to take a sharp turn, as interest rates and rules are slated to change on July 1, just about five weeks away. Interest rates on federal student loan consolidation are expected to increase approximately 2 percentage points, making payments much more difficult for student loan borrowers.
All the changes and interest rate increases are the result of the passing in February of the Deficit Reduction Act of 2005, S. 1932. The legislation also included $12.7 billion in cuts to the federal student loan program.
Consolidation Saves Money over the Long Term
With all the expected changes and rate increases poised to take effect, student loan consolidation can be the answer for student borrowers who have numerous loans with varying high interest rates. Through federal student loan consolidation, borrowers can bundle together their outstanding loans into one easy monthly payment while also saving money over the long term, according to NextStudent, the Phoenix-based premier education funding company. In addition, students can extend their payment period.
Through old-fashioned comparison shopping, student loan borrowers easily will find that among the top 20 consolidation lenders, NextStudent’s student loan consolidation program offers the best rates, benefits and incentives.
Compare and Save
Student loan borrowers can comparison shop their student loans at http://www.consolidationcomparison.com/, “The smart, easy way to compare student loan consolidation options from up to 12 lenders,” according to the company’s Web site.
After students plug in their loan facts, www.ConsolidationComparison.com calculates and provides information from a variety of lenders. Information includes: principal amount, monthly payment, total cost of loan, APR and number of payments after consolidation. NextStudent’s rates, monthly payments and number of payments are the lowest of all the top 20 consolidation lenders.
NextStudent’s Great Rates, Benefits
Along with the best rates in the industry, NextStudent offers borrowers top benefits and incentives along with top-rate customer service not seen elsewhere in the industry.
With that knowledge, students can avoid the upcoming expected increased rates on July 1, which include: 8.1 percent on PLUS loans; 6.7 percent for in-school students, grace and deferments; and 7.3 percent for Stafford loan repayment for loans made since July 1998.
By consolidating before the July 1 deadline, student loan borrowers can receive NextStudent’s low rates along with personalized service. The company’s federal student loan consolidation program has no fees, no hidden charges and no prepayment penalties. Offered rates are as low as 2.5 percent with benefits applied, including .60 percent reduction for borrowers who consolidate after graduation, .25 percent reduction for students using Auto Debit, and a 1 percent rate reduction for borrowers who make 36 consecutive on-time payments. In-school borrowers can receive a 4.75 percent rate. All borrowers’ information is fully secure and confidential.
The interest rate hike coupled with the ever-increasing cost of a college education is making it much more difficult for students and their families to pay for higher education. Students from low-income and middle-income families are feeling the pinch even more. However, student loan consolidation can be a way in which student loan borrowers can ease their situations with a lower interest rate and decreased monthly costs.
As July 1 nears, student loan borrowers should make the decision to take control of their outstanding loans through consolidation. Borrowers can make their lives easier with a lower interest rate and one monthly payment, while they save money over the long run.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:53 PM
. :~ ALIVE FUN ARTICALS ~: .
After weeks of speculation about the upcoming expected interest rate increases, student borrowers now know that their federal student loan rates will jump 1.84 percentage points on July 1, 2006, less than five weeks away.
The interest rate increase announcement is based on the May 30, 2006 auction of 91-Day Treasury Bills. The rate increase is the second largest in the student loan program’s history.
Only Five Weeks Remaining Until Rate Increase
With less than five weeks away and the forthcoming interest rate hikes, it is more important than ever that student borrowers consolidate their federal student loans before July 1, 2006, according to NextStudent, the Phoenix-based premier education funding company.
Student borrowers should take note that for Stafford loans disbursed on or after July 1, 2006, the new rates will be fixed at 6.8 percent. PLUS loans disbursed on or after July 1, 2006 will be fixed at 8.5 percent. By consolidating before July 1, students can avoid the interest rate hikes and lock in a low, fixed interest rate for the life of the loan.
The interest rate changes were incorporated into the recently passed Deficit Reduction Act of 2005, S. 1932, which was signed into law Feb. 8 by President Bush. The legislation cut a total of $12.7 billion to the federal student loan program.
NextStudent Offers Low Rates, Personalized Service
NextStudent’s federal student loan consolidation program is free and there are no hidden charges or fees and no prepayment penalties. The company offers low interest rates coupled with first-rate personalized customer service. Information on borrowers is completely secure and confidential.
With consolidation, all of a student borrower’s loans are combined together, adding up to one easy monthly payment. NextStudent features a 2.5 percent interest rate with benefits applied, which include .60 percent rate reduction for consolidating after graduation; .25 percent rate reduction when students use Auto Debit, and a 1 percent reduction when student borrowers make 36 consecutive on-time payments. A 4.75 percent interest rate is available for eligible in-school borrowers.
There still is time before the July 1 deadline to consolidate and save money with a new low interest rate. Student borrowers also can extend their payment period and save money over the long term. By saving through consolidation student borrowers can put the extra funds into the other important things in their lives.
College Costs on the Rise
The cost of college increases every day, making it much more difficult for students to obtain their dream of a higher education, especially for those students from low-income and middle-income families. However, consolidation can be the answer for students who want a lower interest rate and easier monthly payments.
July 1 is just around the corner, so now is the time for students to consolidate if they want to help ease their monthly financial burden and save money over the long term.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:51 PM
. :~ ALIVE FUN ARTICALS ~: .
Student loan borrowers in less than three weeks will come face to face with new legislation changing rules and regulations and increasing interest rates affecting federal student loans. Most notable is that federal student loan interest rates on July 1, 2006 will increase 1.84 percentage points, the second-largest interest rate hike in the history of the program.
Upon the news of the rate increase, announced at the May 30, 2006 auction of 91-day Treasury bills, student borrowers have been rushing to find the best consolidation rates for their loans.
According to NextStudent, the premier education funding company based in Phoenix, student loan consolidation, especially now before July 1, helps borrowers combine their numerous loans into one and offers one low interest rate. Along with NextStudent’s low interest rates, its reputation for top-quality, personalized service is unsurpassed within the industry of student loans.
In-School Consolidation Available
Student loan borrowers should be aware that between now and July 1, 2006 the U.S. Department of Education is allowing for in-school consolidation, at the discretion of the original lender. After July 1 in-school consolidation no longer will be available. Although there are three or four lenders who do not partake in the process, NextStudent is among the lenders that actively help current students consolidate their student loans, a process whereby the original lender releases loans to other lenders and allows borrowers to consolidate.
NextStudent now offers an in-school consolidation fixed rate that most often is available at 4.7 percent, and can be as low as 2.5 percent in some cases. After July 1 the in-school consolidation fixed rate can go as high as 7.25 percent.
Allay Fears about In-School Consolidation
Many students have unwarranted fears regarding in-school consolidation. Through the program student borrowers must sign a waiver to give up their grace period – the six-month time frame following graduation that allows for deferment of student loans. The waiver then puts the in-school loans into an immediate repayment status. The biggest fear of students is they think they have to make payments while they are in school.
However, it is important to understand the actual facts regarding in-school consolidation. Following the completion of an in-school consolidation, which takes up to six weeks, a student borrower’s loans revert back to an in-school deferment; therefore, payments do not have to be made until after graduation. An added benefit is that borrowers who graduate have up to six years to defer their payment.
Along with the expected in-school consolidation interest rate hikes taking effect July 1, other interest rates also will increase. Stafford loans disbursed on or after July 1, 2006 will have a new fixed rate of 6.8 percent. PLUS loans disbursed on or after July 1, 2006 will have a new fixed rate of 8.5 percent.
NextStudent Offers Other Low Rates
NextStudent offers other low consolidation rates to borrowers who consolidate before the July 1, 2006 deadline. A 2.5 percent interest rate is available to eligible borrowers, with applied benefits, including .60 percent reduction for students who consolidate after graduation; a .25 percent reduction for borrowers who use Auto Debit; and an added 1 percent reduction for students who make 36 consecutive on-time payments.
Through the consolidation program interest rates are locked for the loan’s life, payment terms can be extended and thousands saved over the long term. NextStudent offers aggressive discounts and benefits while it brings to students a long-established reputation as a company specifically geared toward borrowers’ needs.
With less than three weeks remaining for all consolidations at low interest rates, it is important to rein in outstanding student loans with high interest rates to receive the best possible rate available, according to NextStudent. After July 1, students no longer will be able to receive the low rates now available.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:50 PM
. :~ ALIVE FUN ARTICALS ~: .
For college students who desire to attend graduate school but do not think it is in their financial reach, there is an alternative. Students can easily actualize their goals through a program that features the benefits of a parent student loan but funding that is distributed directly to the student, according to NextStudent, the Phoenix-based premier education funding company.
NextStudent’s Federal Graduate PLUS Student Loans are convenient and manageable and start with rates as low as 8.5 percent. In addition, the program also offers additional incentives such as aggressive rebates.
Graduate Plus Loans Cover the Cost
Student borrowers looking to attend graduate school will find that the Graduate Plus Loan could be available regardless of a borrower’s credit score. With a host of graduate school expenses, students can rely on the Graduate PLUS Loan entirely to cover the costs of tuition, books and even computers.
Graduate school easily can be justified when the cost is accompanied by numerous benefits and incentives, according to NextStudent.
NextStudent’s Built-In Incentives
Among the incentives of the Graduate Plus Loan through NextStudent is a 3 percent cash rebate at repayment, which can be applied toward a student borrower’s education. When borrowers sign up for Auto-Debit and make the first on-time monthly payment, NextStudent pays a 3 percent cash rebate of the loan amount.
A cash rebate equal to 5 percent of a borrower’s outstanding principal balance is available after the borrower completes the first 48 consecutive on-time monthly payments if they participate in the Auto-Debit program.
Another of NextStudent’s Graduate Plus Loan incentives is a .25 percent interest rate reduction when borrowers repay their loans automatically through the Auto-Debit program.
Graduate Plus Loan Benefits
NextStudent also offers a host of benefits to their Graduate Plus Loan program, including:
* Generous Borrowing Limits: Students can borrow up to the entire cost of education (less any federal aid), including books, supplies, and even a computer!
* Simple Application Process with E-Signature: Borrowers who apply online can qualify within minutes. In addition, NextStudent offers a “second look” for borrowers who receive an initial denial due to unresolved credit issues.
* NextStudent has a PLUS Credit Resolution Team that has an 87 percent success rate at resolving credit issues for borrowers, resulting in funded PLUS loans.
* Flexibility: Graduate PLUS Loans offer various repayment options including deferred repayment while students are enrolled in school at least half-time. In addition, the loans are eligible for consolidation. Also, there never are prepayment penalties.
Students who are uncertain about attending graduate school because of the involved costs now can get that higher degree. Through NextStudent’s Graduate Plus Loan, graduate school is more affordable and within reason and reach.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about private student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:47 PM
. :~ ALIVE FUN ARTICALS ~: .
Numerous graduate students who are starting classes this fall now are scrambling for the funds needed for their tuition and other educational expenses at graduate school. With the high cost of graduate school and the fall semester just around the corner, graduate students still have time to get the funds needed to help cover the full cost of their education, according to NextStudent, the Phoenix-based premier education funding company.
NextStudent offers a new federal Graduate PLUS Loan program that, while geared to graduate students, has all the benefits of a PLUS Loan. Funds can be disbursed directly to students or to their schools; the decision is up to students. Students can request that the funds be distributed immediately upfront or at different intervals throughout the year.
Graduate PLUS Loans Available Throughout the Year
Many new graduate students may be concerned that it is too late to apply for a Graduate PLUS Loan. Therefore, it is important to note that the loans may be taken out at any time of the year.
With a rate as low as 8.25 percent, NextStudent’s federal Graduate PLUS Loans are easy to manage and are a convenient way for graduate students to get the funds they need to further their higher education needs. The loans may be available despite a student borrower’s income. Students can borrow up to the full cost of their education, which includes tuition, housing, books, lab fees and computers.
An added bonus for graduate students who receive a Graduate PLUS Loan is that those students qualify for in-school deferments, including residency and unemployment deferments, whereas the option is not available when parents take out a PLUS loan for students.
A host of additional incentives and benefits are part of NextStudent’s Graduate PLUS Loan program. Aggressive rebates directly are built into the program so that graduate students have the means to get the most out of their loans to help them fund their education.
Aggressive Rebate Incentives
NextStudent’s Graduate PLUS Loan program offers many incentives including 3 percent cash rebate at repayment. The rebate helps student borrowers since it can be put toward education funding. NextStudent pays a 3 percent cash rebate of the loan amount for student borrowers when they sign up for Auto-Debit and make their first on-time monthly payment.
When student borrowers complete their first 48 consecutive on-time monthly payments, they are able to receive a cash rebate equal to 5 percent of their outstanding principal balance when they participate in Auto-Debit.
A .25 percent interest rate reduction is available to student borrowers who pay their loans through Auto Debit.
Benefits of Graduate PLUS Loan Program
The federal Graduate PLUS Loan’s benefits are another reason for graduate students to take advantage of the program. NextStudent’s benefits include generous borrowing limits; an easy, quick application process when students apply online. A “second look” is available to borrowers who initially are denied due to unresolved credit issues; NextStudent’s PLUS Credit Resolution Team has an 87 percent rate at successfully resolving borrowers’ credit problems that then result in funded Graduate PLUS Loans; a variety of repayment options available that include deferred repayment as long as students are enrolled at least half time at school. There are no prepayment penalties. In addition, the Graduate PLUS Loans can be consolidated.
Students looking to further their education dreams through graduate school now have no reason not to take the challenge. Although it is midsummer, paying for graduate school is just a Web site away. NextStudent’s Graduate PLUS Loan program can take care of student borrowers and their funding needs for graduate school.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about College Loans and student loan consoldiation.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:46 PM
. :~ ALIVE FUN ARTICALS ~: .
College students who have not secured their funding for college or who were unable to cover their total education costs with federal aid have another option. NextStudent, the Phoenix-based premier education funding company, offers private student loans for undergraduate and graduate students.
Private student loans are available throughout the year to student borrowers who need money for college. The student loans are unsecured and are credit-based. NextStudent’s Undergraduate and Graduate Private Loans can help students cover up to the full cost of their education, less any financial aid received. Education expenses covered include tuition and fees, housing, computers, supplies and many other everyday expenses related to education, according to NextStudent.
No Deadlines
There are no application deadlines or fees with NextStudent’s Private Loans; therefore, undergraduate and graduate student borrowers can apply at the beginning, middle or near the end of the school term. Student borrowers can apply directly online with a fast and easy application form and receive preapproval in minutes.
With NextStudent’s Private Loan Program student borrowers may qualify with or without a co-signer. Funds are disbursed directly to the borrower, and payments do not have to be made until after graduation. There are various money-saving repayment options and interest payments may be tax deductible.
Eligibility Requirements
To be eligible for NextStudent’s Undergraduate and Graduate Private Loans, students must be enrolled at school at least half time in a degree or certificate program at a school approved by The Education Resources Institute, TERI, a nonprofit organization by which all NextStudent private loans are guaranteed. Private loans also are available for distance learning and international students.
Student borrowers can borrow an annual maximum of $40,000 or the calculated cost of attendance (lesser amount) with a program maximum of $130,000.
Repayment on the Undergraduate and Graduate Private Loans starts six months following graduation, or when the student borrower drops to less than half-time enrollment status. Student borrowers have up to 20 years to repay their loan. However, student borrowers with balances of more than $40,000 may have their term extended to 25 years. The minimum loan payment is only $25.
NextStudent offers private student loan options throughout the year for eligible undergraduate and graduate students who need the funds to help them achieve the dream of a college education. There are no deadlines or time constraints so that student borrowers can receive the funding they need no matter the time of year.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:44 PM
. :~ ALIVE FUN ARTICALS ~: .
With the approaching fall semester, many college-bound students still are in need of essential funds for school. Whether students need funds to cover the full cost of their tuition and expenses or funds to supplement the financial aid they received, NextStudent, the premier education funding company, can help students through its Private Student Loan Program.
NextStudent, based in Phoenix, AZ, is dedicated to helping students and their families find affordable ways to pay for college. Along with a host of highly competitive education finance products, the company provides a variety of Private Student Loans.
Private Student Loan Funds Disbursed Fast
For college students who are concerned that it is too late to receive loan funds for college, Private Student Loans through NextStudent may be disbursed in as little as five business days.
Student borrowers can apply for Private Student Loans through NextStudent at any time throughout the year, as there are no application deadlines. From the beginning of the school term through the end, student borrowers have the ability to secure education funds to help them pay for all their education expenses.
Free and Easy Application Process
The application process is quick and easy and student borrowers can be preapproved within minutes after speaking with one of NextStudent’s knowledgeable Education Finance Advisors. Private Student Loans are unsecured and credit-based, and there are no application fees. The loans may cover as much as the full cost of a student’s education, less any received financial aid. Expenses can include tuition and fees, supplies, housing costs and computers, according to NextStudent.
Student borrowers can apply for a Private Student Loan with or without a co-signer; however, NextStudent approves more Private Student Loans when there is a qualified co-signer.
The NextStudent Private Student Loan Program requires that student borrowers are enrolled at least half time at college. They must be in a degree or certificate program at a TERI-approved school. The Education Resources Institute, or TERI, is a nonprofit organization. It guarantees all private loans issued from NextStudent. International students and those in distance learning courses also can apply for Private Student Loans.
An annual maximum of $40,000, or the calculated cost of attendance (lesser amount), is available to private student loan borrowers. The program maximum available is $130,000.
Private Loans Disbursed Direct to Student
Private Student Loan borrowers can rest easy, as funds are distributed direct to the borrower. Repayment on the private loans does not have to begin until six months after graduation, or when the student drops below half-time enrollment status at college.
On private loans of less than $40,000, student borrowers have as much as 20 years to repay the loan. The repayment term may be extended for loans of more than $40,000. In addition, the minimum loan payment is $25, and interest payments may be tax deductible.
Since NextStudent offers Private Student Loans throughout the year, student borrowers can rest easy knowing that they can receive the funds they need at any time. The fall semester is around the corner, and student borrowers easily can apply now and receive the college funds they need within weeks.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:43 PM
. :~ ALIVE FUN ARTICALS ~: .
As tuition at state colleges increases every year along with the increasing inflation rate, students and their parents often wonder how to pay for the entire cost of college. Oftentimes, federal student loans do not cover the full cost of tuition. However, NextStudent, the Phoenix-based premier education funding company, has a variety of ways to make it possible to receive that college degree.
Depending on the college, students can expect to pay either thousands or tens of thousands per academic year to attend college. It does not help that the Deficit Reduction Act of 2005 that passed in February cut approximately $12.7 billion to the federal student loan program. It also included interest rate hikes on federal Stafford loans.
With all the negative news on student loans, there is a bright spot. NextStudent brings to students a host of loan options along with first-rate benefits and aggressive incentives to help make paying for college easier and more manageable.
Federal Stafford Loans
The federal Stafford loan interest rate now is set at 6.8 percent. Through NextStudent’s program, student borrowers can benefit from offerings including a 2 percent upfront cash rebate when they repay through Auto Debit and make one on-time monthly payment. Also available are a 1 percent rate reduction after the first 12 months of consecutive on-time payments and an additional 1 percent reduction after 24 months of consecutive on-time payments. An added bonus to the program is a .375 percent rate reduction when student borrowers repay through Auto Debit.
NextStudent’s PLUS Loan Program
NextStudent’s PLUS Loans – Parent Loans for Undergraduate Students are available to parents who want to help their children pay for college when federal aid is not enough. Parents can borrow 100 percent of college costs, less financial aid. The rate is as low as 6.25 percent when coupled with incentives such as a 2 percent interest rate reduction after the first 48 months of on-time payments, and a .25 percent reduction when parent borrowers repay their loans through Auto Debit.
Private Student Loans
Another option through NextStudent is Private student loans that can be applied for and received throughout the year. For student borrowers who qualify the loans can be disbursed quickly in as little as five business days. Private student loans are unsecured, credit-based and have no application fees. They can cover up to 100 percent of a student’s education, less any financial aid. Although Private student loans can be applied for with or without a co-signer, NextStudent approves more Private loans with a qualified co-signer.
All of NextStudent’s student loan programs have benefits and incentives and their own flexible terms on repayment. To help make it easy for student borrowers to get to college, typically there are a variety of repayment options so that students have one less thing to worry about while they are in school. In addition, NextStudent’s Education Finance Advisers are knowledgeable and caring and help make the process of acquiring student loans – no matter the type – fast and easy.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:42 PM
. :~ ALIVE FUN ARTICALS ~: .
Some student borrowers may have missed the July 1 deadline to consolidate their federal student loans before the interest rate increase, but there still is time to consolidate at low rates especially if students are in their grace period. NextStudent, the Phoenix-based premier education funding company, advises students with federal Stafford loans issued prior to July 1 to consolidate and automatically receive a .6 percent reduction on already low rates.
Federal student loan consolidation bundles together all of a student borrower’s loans into one easy, manageable monthly payment. Savings over the long term can add up to thousands. NextStudent’s benefits and incentives bring down interest rates even more. In addition, with federal student loan consolidation there are no charges, fees or prepayment penalties.
Lower Rates in Grace Period
For student borrowers who had loans prior to July 1, 2006, the initial interest rate on consolidation with a .6 percent rate reduction while in grace period is 6.625 percent, as opposed to the new repayment rate of 7.25 percent on student loans. The 6.625 percent rate can be reduced with NextStudent’s aggressive incentives:
* An interest rate reduction of .25 percent for student borrowers when they sign up with Auto Debit and have their payments deducted automatically
* An added interest rate reduction of 1 percent that is locked for the life of the loan following the first 36 consecutive on-time payments, OR an interest rate reduction of 2 percent following 48 consecutive on-time payments
It’s Easy to Apply for Consolidation
As consolidation rates are much lower than current student loan rates, now is the perfect time to consolidate and save money. Applying for NextStudent’s federal Student Loan Consolidation program does not take much time and easily is done online. NextStudent’s application is hassle-free and can be completed in four easy steps with Electronic Signature. There is no need for a co-signer and there are no credit checks. Student borrowers do not even need to know the details of their current student loan portfolio.
By bundling together all of a student’s loans and extending the repayment period, borrowers save time and money over the long term. Depending on a borrower’s balance repayment can be extended as long as 30 years. In addition, NextStudent offers the advantage of various options on repayment, including graduated repayment and income-sensitive repayment. There also are deferment and forbearance options available.
Now is the perfect time for student borrowers who missed the deadline to consolidate the student loans they had prior to July 1, 2006. By consolidating before the end of the grace period student borrowers can receive a low interest rate and sign up with NextStudent for other aggressive incentives to help them save even more over the long term. Student loan consolidation can rid borrowers of too many unwanted monthly bills and help make life easier and less expensive.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:40 PM
. :~ ALIVE FUN ARTICALS ~: .
Some parents think they need to dip into their savings to help pay college costs for their children. After years of putting away hard-earned funds into a savings plan that should be geared toward emergencies and the future, parents should think twice. NextStudent, the Phoenix-based premier education funding company, offers PLUS Loans – Parent Loans for Undergraduate Students, a smart alternative for parents.
The general advice out there is that parents should keep their savings in tact for their future. Parents can keep their savings safe and sound and still help their college-age children by taking out a NextStudent PLUS Loan. Rates start as low as 6.25 percent when combined with aggressive incentives including a rate reduction of 2 percent after the first 48 months of on-time payments and a reduction of .25 percent when parent borrowers repay with Auto Debit.
Parents Can Keep Savings Intact
Federal PLUS loans make it easy for parents to help, as they can borrow as much as the full cost of college, so parents do not have to touch their savings. Since the college loans are not based on financial need, all parents are eligible, regardless of income. PLUS Loans are easy to get and are available anytime during the year at up to 100 percent of the cost of college, less any financial aid received. Total costs include tuition, fees, books, supplies, housing and transportation.
Through NextStudent, parent borrowers will receive personalized service from their own Education Finance Adviser. The preapproval process is fast and easy, so parents can rest easy that they will receive the sufficient funds in time.
Great Incentives, Benefits
NextStudent also offers a host of benefits and incentives that make PLUS Loans the correct choice:
* A cash rebate of 3 percent on the remaining principal balance following the first 12 months of consecutive on-time payments.
* Easy Application Process with E-Signature. Online application can be qualified in minutes. NextStudent offers its Credit Solution program that is available to borrowers who initially are denied because of unresolved credit issues.
* PLUS Credit Solution Team at NextStudent has an 87 percent rate of success at resolving borrowers’ credit issues, whereby resolutions result in funded PLUS Loans.
* A variety of PLUS Loan repayment options include deferred repayment when a student is enrolled in school at least half time.
PLUS Loans are eligible for federal student loan consolidation and the interest may be tax-deductible. Repayment on the loans starts within 60 days of final disbursement. The typical repayment term on federal PLUS Loans is 10 years. In addition, there are no prepayment penalties.
Parents of college students do not have to reach into the cookie jar to use their savings to pay for school. NextStudent’s federal PLUS Loan program is geared to make it easy for parents to help pay for college so their children can get that all-important degree.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:37 PM
. :~ ALIVE FUN ARTICALS ~: .
After exhausting all forms of “free money” for college, such as scholarships and federal grants, the next best thing for students are federal student loans to help them pay for school. Federal Stafford loans have low interest rates and are more appealing when they feature benefits and incentives, according to NextStudent, the Phoenix-based premier education funding company.
College costs increasingly are on the rise along with the cost of tuition and other expenses, making it difficult for some students to imagine their dream of a higher education. NextStudent believes that student loans should not be an extra burden to already cash-strapped college students, so the company offers incentives to make payments easier and more manageable.
Federal Stafford loans have a low interest rate of 6.8 percent and are secured by the government. They do not require collateral or a credit check and payment is postponed until after graduation. There are no guarantee fees and students do not need a co-signer.
NextStudent’s Stafford Loan Incentives
NextStudent has professionally trained Education Finance Advisers who know all the ins and outs of the numerous student loan programs offered. They are available to assist student borrowers with all their questions about the Federal Stafford Loan program. Through NextStudent’s program, student borrowers receive:
* A .375 percent reduction on their interest rate when they make payments through Auto-Debit
* A 2 percent interest rate reduction: 1 percent after the first 12 months of consecutive on-time payments, with an additional 1 percent rate reduction after 24 months of consecutive on-time payments
* A 2 percent upfront cash rebate, whereby borrowers receive the full amount they qualify for at disbursement. Borrowers must participate in Auto-Debit and make one on-time monthly payment to qualify.
Types of Stafford Loans
There are two types of Stafford loans: subsidized and unsubsidized. To qualify for a subsidized Stafford loan a student must show financial need. The government pays the interest while a student is in school and during grace periods and deferment. With unsubsidized Stafford loans, students are responsible for the interest; however, payment is deferred until after graduation. All students are eligible for unsubsidized Stafford loans.
Eligibility
In order to be eligible for a federal Stafford loan, borrowers must either be a citizen of the United States or an eligible noncitizen, enrolled at least half time in a degree or certificate program, a high school graduate or have an equivalency diploma, and current on existing federal education loans.
Federal Stafford loans are eligible for federal student loan consolidation. There are no prepayment penalties. Repayment typically starts six months after graduation. In addition, there are alternate available repayment options, including deferment and forbearance.
Federal Stafford loans are affordable and can help students get through college without the worry of paying back student loans until after graduation. NextStudent’s program offers a variety of incentives to make these loans even more affordable and manageable. There is no reason not to take advantage of a great deal that helps students obtain their dream of a college education.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:36 PM
. :~ ALIVE FUN ARTICALS ~: .
There are some people who think a college education is not worth the effort or the price. Higher education costs are on the rise and seem out of reach to many prospective college students. As most people cannot afford the cost of college, there are a variety of student loan options available, according to NextStudent, the Phoenix-based premier education funding company.
Although the cost of college is increasing, a college education still is a smart idea. Most often those who choose to go the college route in the end will fare better in the job market and typically will receive better salaries than those who opt out of college.
There are numerous scholarships and grants available to college students. By researching the many scholarships and grants, students can find the “free money” that is out there to help fund their college education.
NextStudent’s Student Loan Options
Oftentimes, “free money” is not enough to cover the full cost of an education. This is when student loans step in to help save the day. NextStudent offers a wide variety of student loan options to help make student and parent borrowers’ lives easier. From federal Stafford Loans to PLUS loans – Parent Loans for Undergraduate Students, NextStudent has the loan to best suit each individual borrower’s needs.
Private Student Loans Can Save the Day
There are times when private student loans are necessary because borrowers have exhausted the funds available through federal student loans. It never is a bad time to apply for private student loans, as they are available any time during the year and have no application deadline.
With private student loans, student borrowers can pay for the entire cost of their education, less financial aid received, which includes tuition, fees, housing costs and supplies. It is easy to apply and preapproval is complete within minutes. There are no application fees and the loans are credit-based and unsecured. Even though borrowers may apply without a co-signer, more private student loans are approved by NextStudent when a qualified co-signer is named.
Students in a pinch need not worry, as the loans go direct to the borrower. In addition, repayment on the loans can start as much as six months following graduation, or when a student is enrolled less than half time at college.
Student Loan Amounts and Eligibility
Private student loan borrowers can receive as much as $40,000 annually, or the calculated attendance cost (lesser amount). The available maximum for the program is $130,000.
Student borrowers must be enrolled at college at least half time in order to participate in NextStudent’s Private Student Loan Program. Other requirements include being enrolled at a school approved by the Education Resources Institute in either a degree or certificate program. All NextStudent private loans are guaranteed by TERI, which is a nonprofit organization. The loans also can be available to international students and students taking distance learning courses.
Even after student borrowers run out of all their other student loan options and “free money,” private loans are the next best step to help pay for college costs. No matter the time of year, NextStudent offers its Private Student Loan Program to borrowers who want to make sure they can fund the remainder of their college education in order to be able to take the right step into the future.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans and Student Loan Consoldiation.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:34 PM
. :~ ALIVE FUN ARTICALS ~: .
Most student loan borrowers are unaware that as of July 1, 2006, the Department of Education placed an extension on the deadline. The extension allows student loan borrowers to receive pre-July 1, 2006 interest rates if they have a partially completed application on file with a lender.
The U.S. Department of Education allowed student loan borrowers to lock in the significantly lower pre-July 1, 2006 interest rates by submitting an application for consolidation before the deadline. However, due to the enormous demand this year for student loan consolidation, many student loan borrowers were unable to finish their consolidation application in time. This resulted in an increase in monthly payments and thousands of dollars in extra interest costs for student loan borrowers who missed the consolidation deadline. However, there is good news for those who did not fully complete their consolidation application in time.
Incomplete Applications
Many student loan borrowers prior to July 1, 2006 responded to a piece of mail immediately directing them to call about their student loans and then partially completed an application. This past year there also were borrowers who submitted a partially completed online application before the deadline. Since these borrowers did not sign the application they suspected they were ineligible for the lower interest rates.
Act Now to Receive Lower Interest Rates
For example, federal student loan consolidation provider NextStudent has countless partially completed applications from incoming callers and online inquiries that were started before the July 1, 2006 deadline. These applications were completed yet lack a signature; therefore, those borrowers are eligible to receive the pre-July 1, 2006 interest rates. In order to receive a lower rate, borrowers must act now and call NextStudent to sign their application. The Department of Education’s extension most likely will expire by December 2006, which does not give borrowers much time to act.
To check and see if you are eligible for the pre-July 1, 2006 interest rates and save thousands of dollars on your student loans, immediately contact NextStudent at 1-800-299-4639 or online at http://www.nextstudent.com.
Consolidation Comparison Calculator
If you are ineligible to receive pre-July 1, 2006 interest rates there still is hope. With student loan consolidation, you can cut your student loan payments by as much as 60 percent. There are many different providers in the industry, and borrowers can become very frustrated after calling numerous companies to receive a quote.
Fortunately, NextStudent has developed a unique student loan consolidation comparison calculator, which provides rates offered by the top consolidation lenders in the student loan industry. Simply enter your student loan information into the consolidation comparison calculator, and it will provide the monthly payment, interest rates and discounts offered by each lender.
Additionally, the new student loan consolidation comparison calculator is absolutely free and coded in a format that easily can be added to any Web site. NextStudent wants all borrowers to benefit from this calculator and provides it in a “skinable component” format so other Web sites can have access to its benefits. Webmasters simply can go to webmaster page and copy and paste this code into their Web site. This enables webmasters to offer the calculator directly off their own Web sites rather than having to place a link to NextStudent’s Web site.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding as easy as possible. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:32 PM
. :~ ALIVE FUN ARTICALS ~: .
The cost of higher education is on the rise across the United States, and many students and parents are feeling the crunch since federal student aid is not able to cover the total cost of college. As a result, NextStudent, the Phoenix-based premier education funding company, offers private student loans for undergraduate and graduate students who are unable to cover their education costs with federal aid.
Student borrowers can borrow as much as the full cost of college, less any financial aid they receive. The available annual maximum is $40,000 or the calculated cost of attendance (lesser amount) with a program maximum of $130,000.
According to NextStudent, one of the additional benefits of its Private Student Loan Program is that borrowers can apply for an unsecured and credit-based private loan at any point during the school year. As a result, NextStudent’s undergraduate and graduate private student loans can help students cover not only tuition, fees and housing, but also additional educational costs that students might not have factored into their initial funding needs, such as computers, supplies and other everyday expenses related to education.
Borrowers in Control
NextStudent’s Private Student Loan Program puts borrowers in control of the monies they receive by distributing funds directly to the borrower. Additionally, student borrowers may qualify with or without a co-signer. However, by applying with a co-signer borrowers are more likely to get approved by NextStudent. Borrowers also have a choice of various money-saving repayment options, and interest payments may be tax-deductible.
Student borrowers have up to 20 years to repay their loan. However, student borrowers with cumulative balances of more than $40,000 may have their term extended to 25 years. The minimum loan payment is $25.
Accessible Funds for Students
NextStudent’s undergraduate and graduate private student loans are easily accessible to many students. To be eligible, students must be enrolled in school at least half-time in a degree or certificate program at a school approved by The Education Resources Institute, TERI, a nonprofit organization by which all NextStudent private student loans are guaranteed. Private student loans also are available for distance learning and international students.
NextStudent offers private student loans throughout the year for eligible undergraduate and graduate students who need the funds to help them achieve the dream of a college education. There are no deadlines or time constraints so that student borrowers can receive the funding they need no matter the time of year.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by
making college funding simple. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:31 PM
. :~ ALIVE FUN ARTICALS ~: .
As the job market in the United States continues to generate a need for applicants who are highly competitive in specified fields from technology to the ever-growing medical field, undergraduate students across the country are beginning to feel the squeeze as graduate and professional degrees become “must-haves” for even intermediate and entry-level positions. According to Phoenix-based NextStudent, a premier education funding company, the proliferation of graduate and professional programs has led to new sources of education funding designed to benefit these goal-orientated students who are, in essence, beginning their career by continuing on in their education.
NextStudent now offers a PLUS Loan Program for graduate and professional students with rates starting as low as 8.5 percent. The Graduate PLUS Loan Program features the same benefits directly to graduate and professional students that parents of undergraduate students receive from traditional PLUS loans. Because NextStudent Graduate PLUS loans are federally sponsored, they offer many of the perks of traditional PLUS loans, including eligibility for federal student loan consolidation, tax-deductible interest and a variety of repayment options.
The decision to continue education onto the graduate and professional level is one that oftentimes comes with considerable financial stress because of the continued financial obligation. However, NextStudent’s Graduate PLUS Loan Program may allow borrowers to fund up to the full cost of their education (less any financial aid received), including living expenses, books, supplies and even computers.
Eligibility and Credit Resolution
Graduate PLUS loans easily are accessible to many students. To qualify a student must be a U.S. citizen or an eligible noncitizen. Although a credit check is required, many students with limited or no credit history still qualify for Graduate PLUS loans.
NextStudent offers a simple online application process through E-Signature, and many prospects who apply online qualify within minutes. Also offered is a “second look” for borrowers who receive an initial denial because of unresolved credit issues. NextStudent has a PLUS Credit Resolution Team that has an 87 percent success rate at resolving borrowers’ credit issues, resulting in funded PLUS loans.
Flexible Repayment Options and Aggressive Incentives
NextStudent Graduate PLUS loans offer several repayment options including deferred repayment while a student is enrolled in school at least half time, and there are no prepayment penalties, ever. There also is a 3 percent cash rebate at repayment on the remaining principal balance after the first 12 months of consecutive on-time payments when student borrowers pay through Auto-Debit. In addition, a 2 percent interest rate reduction is available after the first 48 months of consecutive on-time payments when student borrowers pay through Auto-Debit. Student borrowers receive a .25 percent reduction when they choose repayment through Auto-Debit.
With all the great incentives offered by NextStudent and its Graduate PLUS Loan Program, now is the right time for students to take the next step and go for their graduate degree.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:28 PM
. :~ ALIVE FUN ARTICALS ~: .
A federal Stafford Loan is one of the most affordable ways for students to pay for their college education. Stafford loan rates are lower than other forms of consumer financing, and repayment is postponed until the student is out of college. However, according to NextStudent, the Phoenix-based premier education funding company, many people do not realize that there is a Federal Stafford Loan Program that is NOT need-based. Anyone from Donald Trump’s daughter to Donald Duck’s son (if he wasn’t a cartoon character that is) can apply and qualify for the unsubsidized Federal Stafford Loan Program.
Two Types of Federal Stafford Loans
NextStudent offers both unsubsidized and subsidized Federal Stafford Loan Programs. Both programs offer great benefits with the difference that the unsubsidized loan is not need-based. Therefore, the student is responsible for all the interest on the loan and payment is deferred until after graduation. However, the beauty is the government sets the interest rates on all federal Stafford loans, and federal law prohibits the interest rate from exceeding 8.25 percent— currently it is set at just 6.8 percent.
Subsidized Stafford Loans are need-based loans. With this type of loan, the interest is paid by the government as long as the student is in school, as well as during the grace and deferment period of the loan.
Helping Build Responsibility
Stafford loans do not require collateral or a credit check. Because Stafford loans are taken out by the student, not the parent, the federal government makes it easy for almost every student to obtain one of these loans. Students can build credit and self-esteem knowing that they are responsible for financing at least part of their education.
When students receive their Stafford loans through NextStudent, they receive the benefit of working with a professionally trained NextStudent Education Finance Advisor as well as the benefit of an Automatic Debit Discount of 0.25 percent off the initial government set interest rate and an additional 1 percent off the interest rate after 36 consecutive on-time payments.
Easy Repayment Methods
Repayment on federal Stafford loans usually does not begin until six months after graduation. Typically the minimum monthly payment is $50 and is dependent on the borrowed amount. In addition, there are no prepayment penalties. Deferment, forbearance and income-sensitive repayment options are also available. Both unsubsidized and subsidized Stafford loans qualify for NextStudent’s Federal Student Loan Consolidation Program, which eliminates the hassle of writing multiple checks and keeping track of multiple rates by bundling several loans into one single loan.
Federal Stafford loans are a great way for college bound students to get the funds they need to get the degree needed for their future. NextStudent has numerous options and benefits to help student borrowers get on the right track to their education.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:26 PM
. :~ ALIVE FUN ARTICALS ~: .
The federal PLUS Loan— Parent Loans for Undergraduate Students, is a smart and easy way for parents to pay for their child’s college education. The PLUS loan is not based on financial need or income, so most people qualify for the loan. Since it is a federal loan, the interest rate is as low as 8.5 percent. These loans help families meet college costs, beyond tuition and fees, at below-market rates and with generous terms. Parents can borrow up to 100 percent of the total college costs, less any financial aid received.
According to NextStudent, the Phoenix-based premier education funding company, a little-known fact about PLUS loans is that parents can consolidate multiple PLUS loans into a single loan, even for different children. So, if a parent has three children in college at one time and takes out a PLUS loan to cover college costs for each child, the parent can consolidate those three loans into one easy-to-manage loan.
Here’s the key: Loans are identified by Social Security number. Therefore, the same parent must take out all three loans. The bonus is, if that same parent still has three children with three PLUS loans in school the next year, that parent can consolidate the three new PLUS loans into the initial consolidation, making for one loan, at an extended term and a lower monthly payment.
NextStudent Offers Excellent PLUS Loan Benefit Package
When parents qualify for a PLUS loan through NextStudent, they get more than money, they get personalized service and incentive features:
* Cash Rebate of 3 percent at Repayment: on the remaining principal balance after the first 12 months of consecutive on-time payments
* Interest Rate Reduction of 2 percent: after the first 48 months of consecutive on-time payments
* Interest Rate Reduction of .25 percent: for using Auto-Debit for repayment
* Generous Borrowing Limits: Borrow up to the entire cost of education (less any federal aid), including books, supplies, and even a computer!
* Simple Application Process with E-Signature: When borrowers apply online, NextStudent can qualify an application within minutes. Also available is our Credit Solutions program for borrowers who initially are denied due to unresolved credit issues.
* PLUS Credit Resolution Team: NextStudent’s team has an 87 percent success rate for qualifying borrowers.
* Flexibility: PLUS Loans have various repayment options including
deferred repayment while students are enrolled in school at least half time. The loans are eligible for consolidation and there never are prepayment penalties.
It’s Easy to Renew a NextStudent PLUS Loan
Parents can take out a PLUS loan for their child each year that the child attends college. During the initial application for a PLUS loan, Master Promissory Notes (MPN) are completed and good for 10 years, provided that the student remains at the same school, is current in his or her FAFSA filing, and the parent is credit-approved. To renew the PLUS loan the parent must contact the school’s financial aid office and submit a PLUS loan renewal form, http://www.nextstudent.com/PDF_Applications/PLUS-Serial.pdf.
Parent borrowers must remind the school that their lender is NextStudent, Lender ID 834051. However, it is important to remember that the “renewed” PLUS loan essentially is a “new” loan. It is separate from the previously acquired PLUS loans but does qualify for consolidation.
It is easy for parents to help their children pay for college with NextStudent’s PLUS Loan Program. First-rate benefits and incentives make paying for college much more manageable so that parents can help their children receive the college education of their dreams.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Student Loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:25 PM
. :~ ALIVE FUN ARTICALS ~: .
Students who fill out their FAFSA and qualify for Federal Loan Programs such as subsidized and unsubsidized Stafford Loans and PLUS Loans, can have their loans processed through two federal programs: the Direct Loan Program (DLP) or the Federal Family Education Loan Program (FFELP). The difference between the two programs is “the who” behind who funds the loans.
With the Direct Loan Program, the loans are funded through the U.S. Department of Education in conjunction with a university and with the Federal Family Education Loan Program the loans are funded by private lenders that participate in the FFELP program. Most schools offer either/or but there are some schools out there that offer both programs.
According to NextStudent, the Phoenix-based premier education funding company, students and parents should keep in mind that it is their decision when it comes to choosing “the who” behind who funds their FFELP loans. A university’s financial aid office can and will recommend a private lender for students to work with— however, it is just that, a recommendation. The Higher Education Act mandates that schools can not require students to get loans through the preferred lenders suggested by their college’s financial aid office.
Choosing the Best Lender
The interest rates on FFELP loans are mandated by the Department of Education, so all lenders that participate in this program must charge the same rates, the federal rate. However, there are other ways that lenders vie for business. Many offer special benefits, such as discounts for electronic payments and rate reductions for on-time payment history. When choosing a lender it’s important to take a look at these benefits carefully, and choose the lender that can save you the most over the long run.
Lenders also compete for your business by offering different types of repayment schedules. Look for a lender that offers flexible repayment options, such as reduced payment or postponed repayment, while your child is in school. Hardship policies are also an important factor because certain lenders will, under certain hardship circumstances, lower your monthly payment or postpone repayment until you’re back on your feet.
Lastly, look for a lender that offers the best support, service and convenience, such as online applications, a toll-free contact number, and a professional, courteous staff that will help you through the loan process and over the life of your loan.
NextStudent’s FFELP Loan Incentives
NextStudent offers parents and students some of the most competitive loan incentives for FFELP loans. First and foremost, NextStudent is committed to excellent customer service. Every NextStudent customer is assigned their own Education Finance Advisor, one person to help the customer throughout the entire loan process. Also, there are no collateral or credit checks when applying for a NextStudent FFELP loan.
The NextStudent Premier Stafford loan package includes:
* 2 percent upfront cash rebate
* 3 percent cash rebate on the remaining principal balance after the first 30 months of consecutive on-time payments
* .375 percent interest rate reduction when the borrower elects to use auto-debit for repayment
The NextStudent PLUS and Graduate PLUS loan package includes:
* 3 percent cash rebate on the remaining principal balance after the first 12 months of consecutive on-time payments
* 2 percent interest rate reduction after the first 48 months of consecutive on-time payments
* .25 percent interest rate reduction when the borrower elects to use auto-debit for repayment
Before they sign on the dotted line, students and parents should make sure that the lender they chose to fund their FFELP loans is one that works for them.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:23 PM
. :~ ALIVE FUN ARTICALS ~: .
Student loan borrowers spend countless hours attempting to figure out the best way to finance their college education, including finding the best rates and deals available from lenders. Sometimes the best deals are not those that just sound great over the phone but are backed by the solid standing and integrity of the lender and its representatives. If ever there is any doubt, it is best to have the company put the facts in writing.
Since students and their parents have so many student loan options from which to choose, it is important that borrowers carefully review their choices and select a reputable lender. Such character qualities as a proven track record of honesty, excellent customer service, and a history of providing helpful information over high-pressure sales pitches are essential, according to NextStudent, the Phoenix-based premier education funding company.
Top-Notch Training Sets Standard
When students or their parents contact NextStudent they are assigned a personal NextStudent certified Education Finance Advisor. The EFA will answer all their questions and provide guidance through the often confusing student loan jungle. This ensures that borrowers receive the highest level of customer service and equips them to make the best decisions based on their individual goals and objectives for college.
With NextStudent’s emphasis on outstanding customer service and dedication to making college funding a simple, easy process, the company places high demands on its EFAs to adhere to that standard. Therefore, becoming an EFA is much more than being hired as a talented telemarketer with closing skills and getting on the phone. EFA candidates start with four weeks of in-depth training, which include both classroom time and live calls made under the direct supervision of their managers. In order to assist customers, representatives must test at 90 percent or better, or else they continue to practice their skills until that score is attained.
Next, EFA candidates spend a rigorous six months of on-the-job training in order to become NextStudent certified in each of the four product areas: NextStudent’s Student Loan Consolidation, Private Student Loans, Federal PLUS Loans and Stafford Loans. They are not able to take incoming calls from NextStudent customers until they have demonstrated specific mastery in each area.
Quality Assurance, Promotion from Within Maintain Standard
Borrowers may be confident that they are receiving accurate information when dealing with a NextStudent Education Finance Advisor, as all EFAs carefully are monitored on a weekly basis, both directly by their floor managers and through the Quality Assurance Department.
The NextStudent certified Education Finance Advisor training program and its comprehensive quality assurance measures backed by some of the most advanced proprietary student loan technology on the market ensure that borrowers receive the premier level of service in the industry. Whether that means educating students as to their federal aid entitlements or selecting the best incentive package for their consolidation loan, borrowers can be rest assured that NextStudent EFAs are helping them make the best decisions for their college financial aid needs.
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans.
============================ The End =========================
Posted by
. :~ ShAh G . :~
at
4:21 PM
. :~ ALIVE FUN ARTICALS ~: .
With the advent of the Internet and international communications booming, college-sponsored study abroad programs are becoming a more important aspect of higher education. These programs, which once were geared toward language and international study majors, have become a “college experience” staple and a chance for students to really immerse themselves in another culture to learn more about our global neighbors.
According to NextStudent, the Phoenix-based premier education funding company, Parent Loans for Undergraduate Students, popularly known as Federal PLUS Loans, are a smart way to pay for study abroad programs. The PLUS Loan is available to parents year-round, even if tuition and most other education expenses have been paid. Additionally, the PLUS Loan is not a need-based loan—just about everyone qualifies for this type of loan. However, a student must have filed the FAFSA in order for the parent to be eligible for a PLUS Loan.
Generous Borrowing Limits Offered for PLUS Loans
With a NextStudent PLUS Loan parents can borrow up to the entire cost of their child’s education (less any financial aid), including books, supplies and even study abroad programs. The trick is that the study abroad program must be sponsored by an accredited college in the United States. Because these loans are funded by the federal government, the interest rates are set by the government, and all private lenders that offer these loans must offer the same interest rate. However, private lenders distinguish themselves by the benefit packages they offer to prospective borrowers—in this case to parents.
PLUS Loan Benefits Offered by NextStudent
Most PLUS Loan applicants qualify within minutes when they apply online with NextStudent’s simple application process with E-Signature. There is no grace period for PLUS Loans and repayment begins within 60 days after the loan is fully disbursed. However, PLUS Loans are eligible for the Federal Consolidation Loan Program. Additionally, a parent can consolidate PLUS Loans from different children, as long as each loan is taken out under one parent’s Social Security number.
When a parent qualifies for a PLUS Loan through NextStudent they receive the following benefits:
* A 3 percent cash rebate on the remaining principal balance of a loan after the first 12-months of consecutive on-time payments
* A 2 percent interest rate reduction after the first 48 months of consecutive on-time payments
* A .25 percent interest rate reduction for electing to use Auto-Debit
Study aboard programs can have a positive impact on a student’s college experience. The benefits aren’t just academic, they are social, personal, intercultural, and they look great on a resume!
NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about student loans.
============================ The End =========================
