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Student Loans 2010: Five Websites Everyone With Student Loans Should Know

Financial Advisor — Tue, 09 Feb 2010 20:58:58 +0000

Student Loans 2010: Five Websites Everyone With Student Loans Should Know
Filed under: Personal Finance , Savings , Financial Aid , Credit Report , Budget It's 2010. Do you know the current state of your student loans? It takes the average college graduate 15 years to repay his or her student loans, according to the College Board. A lot can happen over that time. So if you ever find yourself struggling to pay your college debts – or even just needing more information …

Obama calls for lower student loan bills

Financial Advisor — Thu, 04 Feb 2010 10:33:57 +0000

Obama calls for lower student loan bills
President Obama's plan to cap student loans could substantially lower payments for thousands of UC Davis graduates and provide a powerful incentive to students considering a job in public service.

Student loan repayment could be made easier

Financial Advisor — Sun, 31 Jan 2010 18:43:39 +0000

Student loan repayment could be made easier
By: Marissa Lang In State of the Union, Obama pushes for new programs For many students, borrowing student loans from lenders, banks and the federal government has been the only way to cover the rising costs of higher education: Two-thirds of four-year college graduates in 2008 left school with an average of more than $23,0…

Student loan defaults rack up in Pennsylvania

Financial Advisor — Sun, 31 Jan 2010 18:43:38 +0000

Student loan defaults rack up in Pennsylvania
Students at for-profit schools in Pennsylvania defaulted nearly three times more often on federally guaranteed loans than students at traditional colleges and universities, a Tribune-Review analysis shows.

Susan L. Travis: Obama Endorses Student Loan Relief as Economic Stimulus

Financial Advisor — Fri, 29 Jan 2010 10:32:46 +0000

Susan L. Travis: Obama Endorses Student Loan Relief as Economic Stimulus
Time will tell if Obama's proposals for student loan relief will come to pass. Relieving the albatross of student loans for the educated poor is one step in a series of institutional reforms which can provide a healthy stimulus for our long term prosperity.

How To Calculate Student Loan Payments Under New Obama Plan

Financial Advisor — Thu, 28 Jan 2010 18:42:10 +0000

How To Calculate Student Loan Payments Under New Obama Plan
This income-based repayment calculator can estimate student loan payments.

Obama seeks to expand student loan program

Financial Advisor — Wed, 27 Jan 2010 10:38:52 +0000

Obama seeks to expand student loan program
The Obama administration on Monday proposed expanding a popular program that caps monthly student loan payments for college graduates with low or moderate incomes, an effort to ease the debt burden for many young adults in a rocky job market.

Is student loan still tax deductable when refinancing a student loan with a personal loan?

Financial Advisor — Tue, 26 Jan 2010 18:34:08 +0000

My daughter has two very high interest student loans. Her credit won't let her do anything, but I can "refinance" it with me getting the loan using my credit. But is it still a "student" loan that she can deduct. She is making the payments and her name will be also on the loan (ironically, she will co-sign for me). This seems to be some gray area once the loan gets moved around. Just want to make sure the "chain of custody" still makes the new loan interest tax deductable. Hope this made sense and thanks for your help.

Why Student Loan Consolidation?

Financial Advisor — Tue, 26 Jan 2010 10:37:06 +0000

Why Student Loan Consolidation? Due to the rising cost of higher education, a large number of students have been forced to finance their education by getting student or education loans. While student loans are easy to get and come with the cheapest rates of interest, paying them off is not so easy for the vast majority of students who find themselves facing mountains of student loan debt.

People generally find it tough to pay back student loans because the loan installments are not calculated keeping in mind other types of student loan debt. Most students also accumulate a number of other loans like huge credit card bills and car loan, which also require financing upon graduation. The best way of getting out of this kind of debt trap is to go in for student loan consolidation. A student loan consolidation program can be a lifesaver for a student and can totally turnaround a negative student loan debt situation to one of good fortune.

There is no logical reason not to seek out student loan consolidation. By finding a student loan consolidation program that meets their personal student loan debt needs, students can avoid defaulting on payments which will leave a permanent red mark on life long credit history. This would make it difficult to get any kind of financing when necessary in the future. On the other hand, by undertaking student loan consolidation, there is the opportunity to easily reduce student loan debt or in some cases eliminate the student loan debt while obviously at the same time streamlining finances and budget. Most student loan consolidation programs also offer credit counseling, which will help you in managing your finances wisely in the future.

The student loan consolidation company pays off all of the student loan debt. This means that the student loan consolidation program payment will be the only payment obligation and can be paid off in easy monthly installments. Students have the option to pay back student loan consolidation charges over a period ten to thirty years. With student loan consolidation, student loan debt has been reduced or eliminated with future obligations becoming due at a time when more earning power is likely. To apply online for student loan consolidation where student loan debt lenders compete and where students can lower their monthly student loan debt payment up to 70 %, students visit: Studentdebtconsolidationprograms.com

Student loan consolidation programs are presented with the goal of reducing student loan debt with students in mind.

Jay Rosenthal is the author of this article on Student debt consolidation. Find more information about Student Loan Debt here.