How Can the Federal Loan Modification Program Help You?

It's the primary aim of the federal government loan modification intend to make monthly mortgage repayments manageable. The responsibility of modifying rates of interest, reducing the outstanding balance or overlooking previous arrears and missed payments will fall towards the individual lenders involved and these creditors will then be anticipated to discuss the modified plan with the borrower and make sure that this new scheme is mutually beneficial. Government officials want the program to...

Student Federal Loan Debt Counseling - The First Step To Financial Freedom

Student federal loan debt counseling has helped numerous students deal with the burden of accumulated college student debts. Higher education today has become an expensive affair and in some cases, students simply cannot continue with their studies without having some external financial help. Student federal loan consolidation is among the best ways to tackle the problem of increasing student debt. With a growing number of students getting multiple loans, each at a different interest price, the...

What Is Income Based Student Loan Repayment?

Income Based Education loan Repayment In 2007, congress passed what is know as income based education loan repayment. This method simply allows a borrower to limit their payments at 15% of the income above the poverty standard. The poverty standard is understood to be 150% the standard poverty level for a borrower's loved ones. According to the Federal Government, the poverty standard is placed at $16, 250 for a single person without any children. After twenty five years if there is actually...

Federal Loan Consolidation - Consolidate Your Money Matters After Graduation

Federal loan consolidation is definitely a boon for millions of students who take various kinds of education loans. Federal loan consolidation is very convenient, simple, and much more advantageous than other types of loans or debt consolidation programs. This program also works about the principle of merging multiple debts into a solitary debt. But it has several other attractive features / aspects making it much more appealing to students. Let's find out why is federal loan consolidation so...