Tag Archive: student loans

Let student loan consolidation save you cash

Find out now the best definition on the Internet about student loan consolidation, Reunification or Unification. This strategy is the number one option to avoid bankruptcy or insolvency.

It consists of getting a loan to pay off other loans or credits (from credit card, car, etc). With consolidation you can pay off several debts you have in a single monthly payment, being a good option to reduce the money you owe. Thus, you will group all your debts into one.

In order to carry out the student loan consolidation, it is necessary that you own a property, even if it is mortgaged. Unification consists of mortgaging your property or renegotiating your mortgage to pay off other debts. When canceling the other credits, start paying less money, since the interest rate on credit becomes much lower.

Understand student loan refinance options

In short, through student loan refinance you may be able to convert all credits into one and avoid getting into bankruptcy or default. It is a long term solution that will make you need less money and start paying less every month. It is the solution for those who have more than one loan, however it is necessary to first do the following:

Have a copy of all your monthly expenses to present to the bank and see if you are able to pay the monthly unified amount. We recommend that you make a budget to know the monthly income available. However you must have stable monthly earnings to repay the loan. You may need a guarantor, who is responsible for your payments if you default or a material guarantee, such as a house or car.

Why choose student loan consolidation

With this method widely used by banks and financial entities during this economic crisis all over the world, it is possible to eliminate several types of debt:

  • Credit Card Splits
  • Medical Divide
  • Scholarships
  • Personal Loans
  • Student loans
  • Bald Checks

Even though many people do not believe that through student loan consolidation it is possible to get rid of … [Read the rest]

Best Banks To Refinance and Consolidate Student Loans in 2017

Everyone enlightened mind thirsts for getting more knowledge by getting admission in programs of higher education. Students loan consolidation is a method that students can use for gaining benefits. There are huge numbers of students who face problems in refinancing and consolidating loans.


Kind of Services by Banks

These banks have a separate category for private and federal loans of students loan consolidation that are available on the financial condition and need of the student. You can refinance the loan at a lower interest rate and decrease monthly payment by using student refinance consolidation process.

The banks get information about credit score, annual income if any, savings, and the academic degree for granting loans and processing on it. Meeting the terms  for getting and student loan refinancing services is necessary for refinancing and consolidating loan.

Here is a list of the banks that provide loans and other refinancing services. There are many universities who also offer a scholarship based on specific criteria of academic performance and talents. However, the students who do not fall in the category of achieving scholarship may apply for student loans from the suitable bank.

DRB-Darien Rowayton Bank

The bank provides private and federal students loan consolidation and student loan refinancing services. The bank grants loan for the student who either is alumni or enrolled in bachelors’ degree program. It also offers loans to the parents of degree holder students. It gives the opportunity to the parent to refinance Parent PLUS loans to support their children education. There is no payment penalty for student loans and the bank performs 25 % interest rate reduction with automatic payments. Check here !

Earnest

Earnest bank provides student loans services to graduate and undergraduate students. It provides loans from private and federal lenders. The lender has the radical flexibility to select monthly payment mode from a number of modes. It does not require any set score of credit and income. It works in evaluating the financial responsibility and delivers the lowest rate. The bank provides on-site customer student loan … [Read the rest]