House Approves Cut in Stafford Loan Rate

The US House of Representatives voted last Wednesday to cut the interest rate on future federal student loans. The bill will gradually reduce interest rates for only federally subsidized loans. If this bill is passed by both the House and the Senate, interest rates on the subsidized Stafford Loan will be cut beginning this July. [...]

Pick A Plan, Any Plan

The Student Loan Network offers four ways to repay your student loan debt. Each one fits a slightly different financial situation, so you need to think seriously about what you can afford when you pick a repayment plan. It is our job at the Student Loan Network to ease your nerves as well as your [...]

Happy New Year

Finally, the drinking is done and hopefully the hangover has worn off. It’s decision time. How do you plan to overhaul your life in 2007? Will you change the way you work or what you do in your free time? How much you spend or will you start to save? Or have you made [...]

The Scoop: In-School Consolidations

Anytime the federal government and money are involved it is bound to be confusing and frustrating. The federal government is always changing the rules and regulations for federal aid creating new loopholes and issues for the student loan industry.
For example, a recent change in legislation does not allow students to consolidate while they are enrolled [...]

Price = Quality?

I just got off the phone with a Dad who is very upset with his daughter’s last minute decision to change school’s next semester. Currently, his daughter is attending a local state college but would like to go out of state to a more expensive private university. Her reason is because she believes the private [...]

Can I Afford Graduate School?

When thinking about going back to school to pursue a graduate degree it is very important to review your financial situation closely and decide where you would like to be after you have obtained that degree and if this degree is necessary to get you to that place.
Here are some questions to ask yourself [...]

Shopping Around?

 
All federal loan consolidation companies offer the SAME base interest rate for a student loan consolidation. The reason why you will find the same rate from company to company is because the Department of Education regulates the Federal Loan Consolidation Program. The Department of Education sets the interest rates, and decides the rules and regulations [...]

Grace Period Savings

Over the past month, we have seen a huge increase in the amount of consolidation application requests. Many of these requests are June graduates trying to get their applications submitted before their grace period expires.
If you are currently still in your six-month post-graduation grace period, you can apply for a consolidation and receive additional savings. [...]

Benefits of Federal Loan Consolidation

Federal Loan consolidation is a pratical way for borrowers to manage their student loan debt. Borrowers may consolidate for one or any combination of reasons. The most common reasons are:

With only one lender involved you will always know who to contact.
You will recieve one monthly bill each month.
An extended repayment period-from 10-30 years [...]

Act Now Before It’s Too Late!

The date is rapidly approaching for many recent graduates to begin repaying their student loans. Now is the time to seriously look at the benefits of consolidation and to act soon. Graduates have six months from their graduation date (a period known as the “grace period”) to consolidate their federal student loans at a discounted [...]