Federal Student Loan Consolidations
In the United States both the Federal Family Education Loan Program (FFELP) and the Federal Direct Student Loan Program (FDLP) include consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt. This results in reduced monthly repayments and a longer term for the loan. Unlike the other loans, consolidation loans have a fixed interest rate for the life of the loan.
Press releases about Loans
Crash Course in Financial Aid for a Newbie
Incoming student seeks resources to go from financial aid newbie to guru in one month. See what she finds...
Should I Repay my Stafford Loans Early?
For many recent graduates, the grace period before they must begin repaying their Stafford Loans won’t come to a close until the fall, most likely in November. But for the lucky few who have already secured a job and an income, there might be a temptation to start repayment a few months early. So should they do it?
2010-2011 Federal Student Loan Interest Rates
Hello folks! In our rush of excitement over the passing of SAFRA, we forgot to blog about this year’s federal student loan interest rates.
Here is the complete listing, all in one place for convenience:
Undergraduate
Unsubsidized Direct Stafford Loan: 6.80% APR
Subsidized Direct Stafford Loan: 4.50% APR
Graduate
Unsubsidized Direct Stafford Loan: 6.80% APR
Subsidized Direct Stafford Loan: 6.80% APR
Direct Graduate [...]
A Handy Dandy Federal Direct Loans Guide!
Hi readers! If you’re confused by the federal Direct Loans switchover currently in progress, you’ll be happy to know that we’ve put together a guide to the steps required to apply for and receive federal direct loans.
Download the Direct Loans Guide PDF »
You will need Adobe Reader (or other PDF software like Apple Preview) to [...]
Just one week until Student Aid Reform kicks in!
We’re now just one week away until the student reform changes officially start going into effect.
These loan news are provided by studentloannetwork.com