Category Archives: Student Loans

5 pointers on college loan consolidation

By college loan consolidation we mean combining many loans such as school loan and college loans together. Consolidating can be a good option, if for no other reason than to simplify ones finances.

Here are five pointers on college loan consolidation are as follows:-

Interest rates-the student can lock the variable rate to a fixed one as such when the interest rates go up he still has to pay interest on flat rates.

For students in school-Consolidating would put a college loan borrower into repayment status, but the student can make payments at a later date until or after graduation by making a deferment request.

Making payment together- the borrower can pool his student debt together so that only one monthly payment is necessary rather than several.

No loss of interest subsidy on subsidized loan-the subsidized and unsubsidized loans are grouped so that the borrower won’t be held responsible for extra interest on subsidized loans.

Repayment options – even if the loans are consolidated the repayment options of various consolidated loans remain open.

Instant approval credit cards for students

Students also have a few small expenses to take care of. More often they have to meet a part of their study expenses via an external aid. Today, various credit card issuing companies can help with easy- going credit cards. You are acknowledged within minutes of putting an application. It is your duty to check with the annual fees, late fees and APR if you do not have any credit history whatsoever. Most of the credit card issuers offer reward points for good behavior. Students can also check out for such rewards.

Instant approval credit cards for students come with a cash-back in most cases. If you have a scooter, purchasing gas can offer cash back. Most of the cards offer 2 percent subtraction of credit interest if you make timely payments.

Visa, Amex, MasterCard and a few others offer instant application formalities and provide a sanction within minutes. This can be quite handy in giving you the right kind of leverage.