Search result for ‘consolidation department education loan student

Fitch Rates SLM Student Loan Trust 2006-6 Issue

Fitch rates the following floating-rate student loan-backed notes issued by SLM Student Loan Trust 2006-6:
* US$501,000,000 class A-1 ‘AAA’;
* US$280,000,000 class A-2 ‘AAA’;
* US$254,843,000 class A-3 ‘AAA’;
* EUR372,000,000 class A-4 ‘AAA’;
* US$46,666,000 class B ‘AAA’.
The [...]

July 23rd, 2006

Consolidation could mean college loan savings

Midnight Friday is your deadline if you’re one of the millions of people with a student loan.
The latest government reports show the amount of student loan debt has sky rocketed to more than $50 billion. Now, students, parents and graduates have just a few days to save money.
Getting accepted to the college of your choice [...]

June 27th, 2006

Student loan rates to increase July 1

Student loan rates will increase dramatically July 1, a jump that could cost students thousands of dollars if they don’t consolidate now.
Stafford Loan interest rates will rise from 5.3 percent to 7.14 percent, while PLUS Loans for parents will rise from 6.10 percent to 7.94 percent - both an increase of 1.84 percentage points. These [...]

June 17th, 2006

It’s not too late to beat student loan rate hikes

The second largest interest rate hike in the history of the student loan program is only weeks away and local students will be among the millions affected, but it’s not too late to lock in lower rates.
Federal student loan interest rates will increase almost 40 percent for students and 30 percent for parents July 1, [...]

June 13th, 2006

Student loan rates to go up July 1

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 [...]

May 31st, 2006

Borrowing for college to get pricey

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 [...]

May 16th, 2006

Consolidate college loans to avoid rate hike

Still paying off college loans? You should know the interest rates on federal loans are headed higher — much higher.
The U.S. Department of Education on May 30 will announce new interest rates for subsidized Stafford loans and Parent Loans for Undergraduate Students, or PLUS loans. Financial aid experts expect interest rates, pegged to increases in [...]

May 16th, 2006

Student loan giant Sallie Mae offers debt-consolidating tips

Student loan giant Sallie Mae offers these debt-consolidating tips:
* Contact your college’s financial aid office for advice and referrals.
* Watch for false deadlines: Applications need to be in by midnight June 30.
* Know that consolidations are fee-free by law, but not interest rate-free.
[...]

May 5th, 2006

Locking rates on student loans urged

A year ago, students and parents who borrowed to cover college costs rushed to lock in the lowest interest rates in four decades.
Now those who haven’t consolidated their loans under the federal student-loan program are being urged to do so before July 1.
The reason: The deficit-reduction bill that President Bush signed earlier this year cuts [...]

April 24th, 2006

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