10 Sources for College Consolidation Loans

By Susan - Thursday 15 Jan 10:36 am

With the emphasis of college loans for students being on affordability and manageable payment plans, college consolidation loans are definitely a number one choice in the right direction. Not only do college consolidation loans allow you to select fixed interest rates and extended payment terms, but they also allow you to simplify your payments by paying only one consolidated amount every month.

There are numerous institutions across America offering students college consolidated loans. Some have ceased their offerings on college consolidation loans due to the changes in financial legislation affecting the student loan markets. Although all the college consolidation loans they offer all offer basically the same end result, some of them have a few special advantages over the rest. Here are some of the more popular choices (in no particular order) to help you begin your search:

1. Loan to Learn – College consolidation loans from $10000 to $250000 total. Interest rate saving of .25% for automated payments and .5% for paying all your instalments on time 
2. Graduate Loans Associates – This institution offers an introductory college consolidation loan interest rate of as low as 5.76% 
3. One Simple Loan – Allows you to apply with a cosigner with a good credit record, allowing you to qualify for a higher college consolidation loan using your cosigner’s credit track record 
4. Student Loan Consolidator – Safe and easy online eSign method of application for your college consolidation loan that can be completed in minutes. Approval in minutes too 
5. Edfed - No credit checks, application for your college consolidation loan is completely free. It can take as little as 60 seconds to qualify 
6. Student Financial Advisors – College consolidation loans taken out with this group are stated to possibly reduce your overall payment by up t 51% 
7. Sallie Mae – Offering college consolidation loans as well as one monthly repayment on all loans without consolidating. A very popular choice in all college loans as well as college consolidation loans 
8. Chase – A popular choice in lenders offering college consolidation loans that will assist in improving your credit rating in a completely secure manner. Highly trained loan officials will guide you through the process from start to finish 
9. Citibank – On line tools to help you determine whether or not you should opt for college consolidation loans, and to determine what your repayments will be 
10. Debthelp.com – A variety of solutions available online, including the college consolidation loan 

Although there are many other registered financial services providers offering college consolidation loans, these listed here will be a good place to start your search. You will be able to get an idea of what items should be offered as a standard measure, and then see what providers offer services over and above the expected. What you should expect are a reduction in your monthly repayments into one consolidated amount, a fixed interest rate and possibly ending up paying less in the long run by choosing a college consolidation loan.

Posted in: College Loans

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Should I get a 2 year College Degree, or go straight for a 4 year College Degree Program

By Susan - Monday 29 Dec 2:00 pm

You have graduated from high school and are looking towards your future college degree, but what are your options and where do you head from here? You are presented with two main options right off the bat: electing to enrol in a two year college degree or a 4 year college degree. Although 4 year college degrees receive a lot of hype and attention, they are not always the most suited for your personal requirements. There are pros and cons to each college degree and you will need to equip yourself with the background information on each one to decide for yourself which college degree is made for you.

Four year college degrees usually entail that students complete very general background subjects for the first two years, and then concentrate on their majoring subjects for the final two years. Those opting for two year college degrees go straight into their majoring subjects and complete their degrees in less time, although with a slightly lower level of recognition.

Pros of Two Year College Degrees:

• They are the cheaper alternative, resulting in you having less debt to pay on your college loan or perhaps no debt at all due to the overall reduction in fees 
• They are quicker than 4 year college degrees allowing you to start working much sooner upon completion 

Pros of Four Year College Degrees:

• These college degrees are highly recognized and rewarded worldwide in terms of employment opportunities 
• Highly commendable on and off campus learning opportunities in the form of lectures, cultural events, honor societies etc on campus, and study internships, field trips and education programs off campus 

Cons of Two Year College Degrees:

•  Not as highly revered as four year college degrees 
• Not as well rounded as four year college degrees resulting in a smaller scale of availability on the job front 

Cons of Four Year College Degrees: 

• The four year college degree option is extremely expensive, and will more often than not require that students take out a large college loan to pay for it. This could result in a substantial amount of debt needing to be covered after graduation 
• You can only start working two years after your counterparts who opted for the two year program 

Some students might not have the option of being able to study a four year college degree due to financial reasons, but they shouldn’t worry about it or feel that they have started out with a disadvantage. There are many jobs available to two year college degree holders, and many equal opportunities too. On the flip side of that coin are the advantages of studying a four year college degree if it is a viable choice for you. Some may choose to upgrade from a two year to a four year along the way once more funds have become available. Just because you have committed to one, it does not mean that you are stuck with your decision until completion. There is a lot of flexibility within both choices to change your college degree to suit your personal growth.

Posted in: College Degrees

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