If you have a Parent Loan for Undergraduate Students, known as a PLUS loan, think about consolidating it.
PLUS loans are federally backed loans that help parents pay for college costs that aren’t covered by financial aid. The loans are in the parents’ names and are their responsibility. Most lenders let parents defer repaying the loan [...]

Student loan interest rates will rise almost 40 percent when they are reset on July 1, according to the results of the 91-day U.S. Treasury bill auction on Monday.
The U.S. Department of Education will officially announce the change in the near future, according to Nelnet, the education finance company based in Lincoln.
The jump in interest [...]

Got a pile of student loans to pay off?
Borrowers with the common Stafford and Plus student loans are likely to see their interest rates jump by about 2 percentage points at the end of May, adding thousands to the cost of repaying a typical loan.
So put July 1 on your calendar. That’s the deadline for [...]

College roommates Celeste Steenburgh and Jessica Dreier have different majors but a common concern, mounting student loans.
“I’m already looking for that job that’s going to pay me enough money to be able to pay my bills and pay for my loans,” Steenburgh said.
“I’m very worried about paying it off,” Dreier said.
The average debt for [...]

A year ago, hundreds of thousands of students rushed to take advantage of a loophole allowing them to consolidate their student loans before they graduated and lock in the lowest interest rates in the history of the Federal Family Education Loan Program.
Now the loophole is closing, and while rates have moved higher, students and parents [...]

As one of the nation’s leading FFELP student loan consolidators, American Education Services (AES) encourages students, parents and graduates with either federal Stafford or PLUS loans to consider loan consolidation now, before interest rates increase on July 1, 2006.
The federal Stafford student loan interest rate will be increasing by almost two percent, costing borrowers thousands [...]

Student loan interest rates will climb 1.84 percentage points this summer — one of the largest increases in the history of the federally guaranteed student loan program. Students, graduates and parents who have student loans can avoid the rate hike if they apply to consolidate their student loans by June 30.
“Student loan consolidation is the [...]

American families, students, parents, educators, and officials in the loan industry are getting behind a petition to change student loan repayment.
Concerned about how rising student debt and interest rates are affecting Americans, these citizens and groups recently petitioned Secretary of Education Margaret Spellings to make regulatory changes to loan repayment rules that would create more [...]

If you still carry student loans or have children who have student loans, you’ll want to pay attention.
On July 1, interest rates for student loans are expected to increase up to 40 percent, according to Collegiate Funding. That means students with a debt of $20,000 could pay as much as $4,900 over the life of [...]

With student loan interest rates set to rise between 1.5 and 2 percentage points on July 1, students and graduates should put a student loan consolidation application on the top of their reading list this spring. In the race to beat the rate hike, Sallie Mae, the nation’s largest consolidator of student loans, cautions borrowers [...]

Student Funding Group, LLC. - - or StuFund — today launched its student loan business, offering FFEL and private loans to college-bound students nationwide, and support services to help families navigate the maze of educational lending options on the market.
The new company, believed to be the first minority enterprise in the student loan origination arena, [...]

Around this time of the year, anxious high school students find out whether they’ve been accepted by the college of their choice. For their parents, there’s the added anxiety of how to pay for that college education.
If you’ve got college loans, the magic date is July 1 — when the interest rates are set to [...]