Students Manage Debt with NextStudent’s Fixed-Rate Consolidation Loan
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NextStudent, a leading Phoenix-based education funding company, recommends that students and parents start to consider consolidating their federal student loans, especially if they have taken out any variable rate loans such as a Stafford Loan or PLUS loan in order to fund their education. If you graduated in 2007 with student loan debt including variable rate Stafford Loans, it is a wise idea to consolidate now in order to eliminate the headaches associated with managing a student loan whose payment changes when the rate of the student loan increases or decreases. It may make smart financial sense to consolidate your student loans into one single loan with a fixed-rate and reduced monthly payment. Consolidating has its Benefits Another advantage of student loan consolidation (http://www.nextstudent.com/consolidation_loans/consolidation_loans.asp) is that it simplifies debt management and the repayment process, because only a single payment is required to a single company each month. Student Loan Consolidation extends repayment to 30 years, which helps many new graduates increase their cash flow when starting out in their new careers. It is easy to qualify for a NextStudent Federal Consolidation Loan which can be done over the phone. Additionally, every NextStudent customer is assigned their own personal Education Finance Advisor who can answer any question borrowers many have as well as walk them through the student loan consolidation (http://www.nextstudent.com) process. Earn Benefits by Consolidating with NextStudent There are a couple of options from which borrowers can choose when consolidating with NextStudent. Package No. 1 includes a .25 percent interest rate discount for making automatic monthly payments directly from a checking or savings account, and a 1 percent LOCKED RATE interest reduction after 36 consecutive on-time payments. Package No. 2 includes a .25 percent interest rate discount for making automatic monthly payments from a checking or savings account, and a 2 percent interest rate discount (not locked) after 48 on-time payments. LOCKED Discount Borrowers have the option of consolidating their student loans (http://www.nextstudent.com/student-loans/student-loans.asp) with so many different lenders that oftentimes finding the best one can be a difficult and confusing process. NextStudent not only offers superior customer service, but its 1 percent LOCKED interest rate reduction after 36 consecutive on-time payments is guaranteed for the life of the consolidation loan and is an incentive that is hard to beat. NextStudent recommends that borrowers take the time to research lenders before deciding with which one to consolidate. Ensure that your lender operates with integrity, honesty and ethics. NextStudent has a long-standing reputation as a trustworthy, high-caliber organization that places serving others as a No. 1 priority. NextStudent believes that getting an education is the best investment you can make, and it is dedicated to helping you pursue your education dreams by making college funding simple. Learn more about Federal and Private Student Loans (http://www.nextstudent.com/private_loans/private_loans.asp) at Nextstudent.com.
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
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