Deprecated: Function set_magic_quotes_runtime() is deprecated in /home/articles/public_html/index.php on line 38

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/safehtml.php on line 608

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 161

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 163

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 164

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 165

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 167

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 168

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 169

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 244

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 251

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 260

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 267

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 274

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 281

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 289

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 486

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 488

Deprecated: Assigning the return value of new by reference is deprecated in /home/articles/public_html/lib/safehtml/HTMLSax3.php on line 490

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 281

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/core.php on line 179

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/core.php on line 180

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/code/articlems.php(102) : eval()'d code on line 3

Deprecated: Function ereg_replace() is deprecated in /home/articles/public_html/code/articlems.php(102) : eval()'d code on line 4

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 1434

Deprecated: Function split() is deprecated in /home/articles/public_html/core.php on line 1434
Advantages of Consolidating your Student Loans - ArticleSanbox.com
ArticleSandBox.com The best Article database for website content


Welcome to ArticleSandbox.com - The ultimate content search engine & article directory
Submit your quality articles to our directory for free and get your writing published across the web
Signup for a Free ArticleSandbox.com account. Creating an account is fast, easy and free!
Browse the latest articles submitted to ArticleSandbox.com for reprint on your website, blog or ezine
First time here? Take a look at our editorial guidelines for submitting your articles to ensure they get approved!
Questions, Comments or Suggestions? Contact us for fast assistance
Browse our links, resources and articles for authors and publishers
 

        RSS: Subscribe to our Latest Articles

Advantages of Consolidating your Student Loans

  Posted By: jamesmanroo   |   Views: 1382  |   Words: 515  |   PDF View   |   Print View   |  HTML Version
  
 
One of the frequent problems that students across the country face is financing their education. Such is the price of quality education that more than half the students inevitably apply for a student loan. Getting a student loan is no big deal; there are many banks and other financial institutions that offer this facility. However, the real problem that students face is while repaying student loans. This is because often take more than one student loans without giving much thought to the means of repaying these loans. There is a simple solution for all such students; why don’t you consolidate student loans? Yes, now you have the opportunity to consolidate student loans, which means that you combine all your outstanding loans into a single and more manageable loan. This way you do not have to worry about multiple monthly repayments and different interest rates. If you consolidate student loans, you get a lot of benefits. Some of these benefits are:

• Lesser monthly repayments: By converting all your student loans into a single loan, you now make a single repayment each month, which is significantly lesser than the monthly repayments of all the student loans combined together. This can be achieved by increasing the loan repayment term. Therefore, if you consolidate student loans, you get to save a lot of your precious money in the bargain.

• One loan repayment option instead of multiple ones: With a lot more to worry about in life, keeping a track of several student loans that have varying payment dates and deadlines can prove to quite irritating and cumbersome. To avoid all this stress and burden, you can simply consolidate student loans and avail the advantage of a single monthly repayment option.

• Lower and fixed interest rate: As opposed to the interest rates of many other student loans, student loan consolidation rates cannot be greater than 8.25 percent. So, if you have taken student loans at a greater interest rate than this, you now have the golden opportunity consolidate student loans and pay it off at a lower and fixed interest rate.

• Processing fees or credit card checks not required: Credit card check is not required when you apply for student loan consolidation. Lending companies usually have flexible repayment plans along with varying terms that would suit all students. In addition, when you consolidate student loans, you do not need to pay any processing fees.

• Electronic repayments of student loan: When you consolidate student loans, you have the option of paying it off electronically each month. Most lending companies offer a 0.25% discount off your student loan rates, if you make monthly payment electronically. Also, if you go ahead with direct debit from your bank, you do not have to worry about remembering the loan repayment date each month.

Loan repayment is the most intrinsic phase of a student loan; therefore, you need to make sure that you handle this phase smartly in order to maintain a clean credit history. A smart way to pay off all your loans is to consolidate student loans. This really takes the pressure off your shoulders!


About the Author

For multiple consolidate student loans you should focus on bringing all the loans together into a combined consolidation package where you have the facility of making a single payment for the consolidate student loans.

Comments

No comments posted.

Add Your Comment

Sorry! You do not have permission to comment. If you login, you will be able to post your comments.

Link To This Article

Link to this article page using the code below. Prefer a HTML Version of this article for use on your site? Just remember that the article body, title, author bio and links may not be changed or removed. By publishing this article, you agree to all the terms in our Terms of Service.



Related Articles







 
article sand box - free website content
Main Menu Home Login Register Submit Article Latest Articles Search
Article Categories Art & EntertainmentAutomotiveBusinessCareersComputersEducationFamilyFinance  • Accounting  • Banking  • Bankruptcy  • Credit  • Debt Consolidation  • Insurance  • Investing  • Loans  • Wealth BuildingFood & BeverageHealthHobbiesHome & GardenInsuranceInternetInvestementLawMarketingNews & EventsReal EstateRelationshipsSelf ImprovementShoppingSocietySpiritualitySports & RecreationTechnologyTravelWeb DevelopmentWeddingWriting
 
113 people browsing




article sand box - free articles for your website
   ©  ArticleSandBox.com - Free Article & Content Search Engine - All Rights Reserved