A change in the law in 2006 means that borrowers in the USA are no longer obliged to stick with their original lender when they’re consolidating student loans. The “single holder” rule gave students no choice but to stay with the lender that their existing student loans were obtained from. The good news is that you can now apply for…
Tag: Federal
Various Loan Types Available
In days gone by one had to save to acquire a home or anything of value. Almost two thirds of the life was spent in cringing and saving to buy a place of one’s own. Today the situation is entirely different. Everywhere the media is loud about fulfilling your dreams with loans of various types to suit any pocket. A…
Exploit The Benefits Of The Private Student Loan
There is a distinction between private student loans and federal student loans in the sense that federal loans are guaranteed by the Federal Government. They present numerous striking stipulations like very affordable interest rates, postponed repayment, subsidized interest payment including extended repayment stipulations. However, private student loans can be obtained from banks, credit unions including other financial institutions, and are…