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Informative Articles

Debt and Bill Consolidation Basics
Nobody wants to get into debt but many people cannot avoid it and debt and bill consolidation is one way that they can take back control over their finances. Debt and bill consolidation can help deal with the debt that can occur through...
Debt - Strategically Pay It Back
When paying back debt, a little strategy goes a long way. It can literally save you hundreds, even thousands of dollars in interest charges. And the best part is that the best, most effective strategy is so easy to follow. List Your Debt...
Personal Debt Reduction Practices
Personal debt reduction practices, the steps people take to relieve the debt in their lives and to become more financially free, are a hot topic among financial circles. American spending habits are producing more people who are deeper in debt...
Seven Ways to Consolidate Your Debt
When it comes to debt consolidation the first thing you want to do is consolidate your debt, but the first thing you should consider are all of your options. There are in fact more options and help out there than you imagined and just because you...
The Power of a Home Equity Loan to Pay Down Debt
Households across the country are finding themselves in a similar situation. They lack the financial funds to make the necessary changes to their home and need to find a way to fund upgrades and eliminate debt. A popular way of financing these...
 
Loosening The Grip Of Student Loan Debt


Funding education can be complicated and difficult to manage. Learn how to control your education debt with these tips and guides.
At this time of year many are seeking ways to cut costs on student loans. You may have a number of programs your paying off simultaneously. Plus loans, Stafford financing, private loans, etc.
How do you go about consolidating and or refinancing to lower rates, reduce payments or make one easy payment as opposed to two, three or more?
Consolidation Options
The first question here is what type of loan do you have? Federal government direct loans allow for a Federal Direct Consolidation Loan program. This program enables you to lower your rate by .25% with the checking account debit requirement.
Sallie Mae Programs
Sallie Mae offers a consolidation program with the following options: One percentage point discount after 48 consecutive timely payments 0.25% discount for electronic payment.
Private Loan Options
Private loans that are not federally backed from Sallie or Nellie Mae and therefore cannot be consolidated with federal loans. But there are programs that allow you to roll all your loans into one account. Although the Federal and private loans are actually separate, you make one monthly payment that covers them all.
Another program, the H@LO Student Consolidation Loan can help you lower your monthly payments by up to 60% and lock in interest rates as low as 2.5%. See http://www.studentcollegeloan.com for more information on the H@LO program.
Benefits of the H@LO Student Consolidation Loan:
· Lower your monthly payment · Lock-in a lower interest rate, fixed for the life of the loan · It's free to consolidate · No credit check required · Maintain all the current benefits of your federal loans · Pay just one bill each month
If you're looking to refinance to lower rates, consolidate or both this may prove to be the ideal option for improved debt management.
About the Author
Mark Askew is editor for the Mortgage Loan Search Network at http://www.mortgageloansearch.cc and the Rate Watch Alert Newsletter. Offering consumers alternatives to business and personal finance.