Student Loan Help

Wave goodbye to the stresses of cramming for finals and writing term papers and say hello to the stress of finding a job. Although there are some positives to report, so lets focus on that.

Just last week Careerbuilder.com complied a Top 10 list of best cities for employment for ‘09 grads. And although it may not be your first choice to relocate it may wind up being a necessity in order to find employment.

Sometimes you need to think outside of your comfort zone (50 miles from your house) and expand your horizons. Consider new regions and cultures to make your mark. You’ll be better off for it.

Five most recent student loan help blog posts:

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Recently, President Obama has been talking about his plans to make college more affordable for families and students. The President’s plan is to increase the Pell grant, and make Federal student loans more accessible to students. Students from Kent State University recently asked Obama about his plans and when exactly those changes would take effect:

Now that summer is over, it is time to start thinking about getting organized for the rest of the year, and yes - the holiday season…  One consideration might be private student loan consolidation.  Refinancing  your private student loan payments is a great way to lower your monthly payments and combines all your private student loans into a single manageable loan.  Consolidation is not always the best option for everyone - but it will help make life easier for many of you.  Learn more at:

http://www.studentloanconsolidator.com/private/

More than 40,000 students recently discovered they are losing a major loan option. The Massachusetts Educational Financing Authority (MEFA) announced it won’t be giving out ANY loans this fall, ouch!

It had been previously reported that as of July 1 MEFA would not be giving out any Federal loans, but now they are not giving out any private loans either! This news has sent shockwaves through many Bay State households.

Last year MEFA made more than a half a billion dollars in loans available so the impact of this news is substantial. The state run lending authority is suffering from the same credit crunch that has affected the student loan market nationwide.

If you are in need of a federal or private loan the Student Loan Network can help.

For a Federal Stafford loan (click here).

For a Federal Parent Plus loan (click here).

For a Federal Graduate Plus loan (click here).

For a Private undergraduate loan (click here).

For a Private graduate loan (click here).

HELP WANTED!

Are you a struggling student trying to make ends meet? Do you need money for school? Would you like the opportunity to win a $1,000 scholarship per month and a $10,000 scholarship in October no strings attached??? If you meet this needy criteria you’re search is over. We are the perfect fit for you.

The perfect candidate will also enjoy sleeping late, going to parties, playing video games, exercising their mind, and most importantly receiving free money!

Guaranteed: Someone is going to walk away with $1,000 per month and $10,000 in October just for signing up. Sign up takes all of thirty seconds. I wish I knew about this site when I was going to school.

How to register: go to www.scholarshippoints.com click on Login/Register. That’s it.

Now here is the coolest part. You can accrue points like a lottery to increase your chances of winning the monthly scholarship awards! You can take surveys, post blogs, do a scavenger hunt on the website; the list goes on and on. You can also elect to do none of the above and just register once and be done with it. It’s completely up to you.

We all want something for nothing, and some of us will get it.  Will you be one of them?

For many students graduating college, the biggest challenge they face is when and how to begin paying back their college loans. About two-thirds of students borrow money to pay for college, so this is no small issue.

In 2007, the median debt of students who graduate from four-year private colleges is about $20,000, and it is about $16,000 for students graduating from public colleges, according to the College Board.

Students graduating with loans to repay are advised to follow these steps:

Due to the way college costs are financed, students typically end up with five to seven loans at graduation. Each loan can be for a different amount and carry a different interest rate. It’s important to take an inventory of all of your loans to know when you must begin repayment. Most loans (federal and private) will be in deferment for the first six months after graduation, which means you do not have to make payments during that time. You will need to know when payments are due, and how much the payment is for each loan. Also, you’ll want to update your contact information with the lenders (you may have moved) and get updated contact information on them, since some of your loans may have been sold to another company, which will now collect the payments. This is important, so you will receive important notices and know where to send payments.

I hope this helps!

The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans, Education Loans/College Loans

Student Loan Network

When 95-year-old Nola Ochs graduates next month from Fort Hayes State University, she will be the world’s oldest college graduate. The record Mrs. Ochs will break, according to Guinness World Records, belongs to Mozelle Richardson, who at age 90 in 2004 received a journalism degree from the University of Oklahoma. Mrs.Ochs says she’s more excited about getting her degree, than getting a world’s record! Congratulations Mrs. Nola Ochs!

The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans, Education Loans/College Loans

Anytime the federal government and money are involved it is bound to be confusing and frustrating. The federal government is always changingthe rules and regulations for federal aid creating new loopholes and issues for the student loan industry.

For example, a recent change in legislation does not allow students to consolidate while they are enrolled at least half time in school. To consolidate a student has to be out of school or carrying an academic workload of less than part time.

I personally think this rule is ridiculous. I get many requests from borrowers wanting to consolidate their loans because they need to improve their credit score to receive a better rate on a home mortgage or a car loan. Its true-consolidating improves your credit! Every year you attend school and borrow a student loan you create an open line of credit on your credit report. Consolidating your loans into one open balance really gives a boost to your credit score. When a computer calculates your credit score, it will see this: eight loans paid in full. You will look like a responsible and trustworthy borrower. Why does the federal government care that a student wants to make this smart financial step?

You can write to me about it. Not much I can do except agree with you. I suggest you write to Congress to complain about this ridiculous rule.

The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans, Education Loans/College Loans

When thinking about going back to school to pursue a graduate degree it is very important to review your financial situation closely and decide where you would like to be after you have obtained that degree and if this degree is necessary to get you to that place.

Here are some questions to ask yourself when deciding how much financial burden can you take on during your graduate career?

• How much can you afford to take out in loans during graduate school?
• How much will you have to pay back in loans after you obtain your graduate degree?
• How much will you REALLY be paying when you factor in loan interest rates?

Only you can decide if graduate school is worth the time and lifestyle changes. Remember that a higher education does not come cheap however the expense is often worth it.

For information on how to finance your graduate degree please go to www.gradloans.com.
The Student Loan Network: Stafford Federal Student Loans, Parent PLUS Loans, Student Loan Consolidation, Private Student Loans, Education Loans/College Loans