With tuition rates spiraling higher and higher, college students and their parents finally are getting some good news: Interest rates on college loans are going down.

Interest rates soon will be the lowest they have ever been, and that could save borrowers hundreds to thousands of dollars over time.

The interest rate on Stafford loans, which are open to all students, is expected to fall to 3.42 percent from 4.06 percent, the lowest since the program began in 1965. The government will pay the interest for financially needy students while they are in school.

In addition, the Parent Loan for Undergraduate Students will likely fall to 4.22 percent from 4.86 percent.

The rates are even lower for those who consolidate loans. They could be as low as 3.5 percent, down from 4.13 percent. On $25,000, that could save as much as $2,000 over 20 years or about $8 a month.

The lower interest rates also will help those students who, because of the tight job market, are opting to stay in school and get advanced degrees.

Steve and Cokie Roberts, in their column on this page today, report that law schools are swamped with applications. American University, for example, received 9,800 applications for 400 openings. In Topeka, Washburn University reports applications are up about 70 percent.

What: In a ceremonial groundbreaking, Los Angeles City College (LACC)
will unveil the first phase of a comprehensive campus re-design
and provide details for a new $18 million Student Admission
Center, the first of several projects to be funded by
Proposition A, the $1.2 billion bond measure Los Angeles voters
overwhelmingly approved in April 2001. The Student Admissions
Center will consolidate the admissions offices into one
building, making it easier for students to enroll at LACC. The
Student Admissions Center will be the first sustainable "green"
building at LACC.

As part of LACC's $147 million Proposition A-funded renovation,
the college will also announce plans for a wide range of new
buildings including the new Student Admissions Center, a new
Math, Science and Technology Building and a new Health Education
building and Stadium facilities.

Who: Dr. Mary Spangler, president, Los Angeles City College
The Honorable Warren Furutani, president Los Angeles Community
College District (LACCD) Board of Trustees
The Honorable Mona Field, LACCD Board of Trustees
The Honorable Nancy Pearlman, LACCD Board of Trustees
The Honorable Michael Waxman, LACCD Board of Trustees
The Honorable Zev Yaroslavsky, Los Angeles County Supervisor
Leron Gubler, president, Hollywood Chamber of Commerce

When: Thursday, August 29, 2002
11:30 a.m.

Where: Los Angeles City College
855 N. Vermont Avenue
"The Green" in front of the Communications Building
Parking available in Jefferson lot (enter on Heliotrope Drive)

Photo op: Several hundred elected officials, community leaders,
faculty and students will join LACC president Mary Spangler
for a ceremonial groundbreaking with hardhats and shovels to
make way for the new Student Admissions Center. Large sized
model of Student Admissions Center will be on display.
SOURCE: Los Angeles City College

With tuition rates spiraling higher and higher, college students and their parents finally are getting some good news: Interest rates on college loans are going down.

Interest rates soon will be the lowest they have ever been, and that could save borrowers hundreds to thousands of dollars over time.

The interest rate on Stafford loans, which are open to all students, is expected to fall to 3.42 percent from 4.06 percent, the lowest since the program began in 1965. The government will pay the interest for financially needy students while they are in school.

The rates are even lower for those who consolidate loans. They could be as low as 3.5 percent, down from 4.13 percent. On $25,000, that could save as much as $2,000 over 20 years or about $8 a month.

The lower interest rates also will help those students who, because of the tight job market, are opting to stay in school and get advanced degrees.

Steve and Cokie Roberts, in their column on this page today, report that law schools are swamped with applications. American University, for example, received 9,800 applications for 400 openings. In Topeka, Washburn University reports applications are up about 70 percent.

The debate over the reauthorization of the Higher Education Act is deepening between Republicans and Democrats in the U.S. House of Representatives as they focus on student aid--specifically student loans and Pell Grants. Democrats say the changes Republicans recently proposed in a new bill won't increase college access for low-and middle-income students, as Republicans contend, but will have the opposite effect.

Introduced by the House Committee on Education and the Workforce Chairman John Boehner, R-Ohio, and Rep. Howard P. "Buck" McKeon, R-Calif., the College Access and Opportunity Act would wrap up the renewal of HEA and calls for moving from a fixed rate student-loan consolidation to a variable rate. It also proposes removing the 6.8 percent interest-rate cap for student loans, which would go into effect starting in 2006.

"Moving from the fixed rate on loan consolidation to a variable rate is very costly to students, where a fixed rate would be advantageous to them," said Rep. Dale E. Kildee, D-Mich. That measure alone, Kildee said, could cost students an additional $4,000 or $5,000.

Kildee said eliminating the 6.8 percent interest-rate cap would also drive up the cost of student loans.

"These students would again be paying more. It would be additional interest payments over the life of the student loan," Kildee said. "Those two things are serious problems we have with the bill."

"The Republican bill forces millions of low- and middle-income students to pay thousands of dollars more for their college loans, caps the maximum Pell Grant, and fails to provide meaningful relief from soaring tuition, just as students continue to struggle to meet rising college costs," Miller said. "Instead of yet another raid on the pocketbooks of students and their families, we should be investing federal resources to make college affordable."

At a hearing on the bill May 12, Boehner said by applying variable interest rates to consolidation loans, about $21 billion would "free up" during the next seven years.

"If consolidation loans are left on autopilot, the cost to low- and middle-income students will be $21 billion in lost opportunities," Boehner said.

But Kildee said such changes would only serve to discourage some students as they consider pursuing a postsecondary education, possibly deterring them from attending college at all.

"They see how much this will cost them, and they see that they can't consolidate their loans at a fixed rate," Kildee said. "All these things go into the decision-making process. A fixed rate gives you some encouragement ... and then when they take the cap off the interest rate--the cap of 6.8 (percent)--the students have no idea what interest rate they'll be paying then."

Another problem with the bill Kildee said, is its treatment of the Pell Grant and how it suggests extra aid for low-income first- and second-year students through the State Scholars Program. There's a real danger in trying to expand or change Pell to provide grants based on merit, Kildee said.

Alexa Marrero, press secretary for the House Committee on Education and the Workforce, said the debate is ongoing, and there will be more hearings in the near future, although no official dates have been set.

NEW YORK -- According to the latest student loan asset-backed securities newsletter published this week by Fitch, the U.S. student loan ABS market received another boost for future volume growth as the loan rate reset came in a record low for borrowers over the next 12 months. The low rate should continue to fuel strong growth in the sector both for Stafford loan and consolidation loan volumes.

The newsletter also highlights several noteworthy transactions rated by Fitch's student loan ABS team that demonstrate the firm's continued success in establishing itself as a leader in the sector.

The newsletter 'The Student Loan Report Card' is available on Fitch's web site at 'www.fitchratings.com' by linking to the 'ABS' sector and clicking on 'Newsletters'.

NEW YORK -- According to the latest student loan asset-backed securities newsletter published this week by Fitch, student loan asset-backed securitization volume for the third quarter of 2005 was slightly lower than in the second quarter of this year but remained strong nonetheless and at a level that should push end-of-year volume to another new record high. The strong third-quarter volume can be attributed primarily to a continuation of higher-than-expected consolidation loan volume.

The newsletter also highlights several noteworthy transactions rated by Fitch's student loan ABS team in the third quarter and provides an update on the Higher Education Act reauthorization process that is expected to culminate in the coming weeks.

The newsletter 'The Student Loan Report Card' is available on Fitch's web site at www.fitchratings.com by linking to the 'ABS' sector and clicking on 'Newsletters'.

Looking to expand its business reach to the West Coast, student loan consolidator Xanthus is opening an office in Colorado Springs on April 11.

The St. Petersburg, Fla.-based company has named Paul Kendrick manager of the office, initially overseeing a staff of 24 and as many as 100 by year's end.

It will nearly double the number of employees for Xanthus, which counsels students in options to lower their loan debt. In 2004, Xanthus consolidated more than $400 million worth of loans.

"We are extremely confident that this move to Colorado Springs is the right decision," said Jim Zach, president and chief executive of Xanthus. "We need to expand our work force to meet the future growth we see for our company in this industry. .

"Colorado Springs is ideally situated and suited to meet those needs."

The 5,000-square-foot office at 4775 Centennial Blvd. is temporary for Xanthus, which hopes to move into a permanent building quickly.

"We are working with the Pikes Peak Workforce Center to locate employees right now," Kendrick said. "We won't be formally interviewing until next week, but I was down in their office today and they will have employees lined up for us."

The availability of talent was one of the main selling points that the Greater Colorado Springs Economic Development Corp. used to get Xanthus to come here instead of Phoenix, where the company had planned to settle.

Xanthus, which has grown quickly since it was founded in July 2002, wanted an office in the West so it could tap into the lucrative California market, especially at a time when rates are projected to jump radically.

"What we are hearing is that rates may double when they are reset in July," Kendrick said. "Getting a fixedrate on a loan now is very, very important."

This article explores one southern community's response to the 1954 Brown decision and its subsequent history of dealing with school desegregation. This local perspective is developed using historical data focusing on events immediately following the Brown decision, which provide a context for events leading up to a decision in the mid-1980s to consolidate the community's middle school students to reduce perceptions of inequality based on race. This consolidated school is the focus of the second half of the article, which analyzes the current status of desegregation in the school. Although the school has been desegregated, it is far from integrated. Many racially based inequalities exist and race continues to play an important role in structuring relationships among students, teachers, and parents.

Over the last four decades, educators, politicians and the public have fervently debated school desegregation. Since the Supreme Court's landmark decision in Brown v. Board of Education (1954), the mandate to create desegregated schools has forced communities to redistrict, bus, and create opportunities for Black and White students to go to school together. Recently, however, courts have backed away from this mandate. According to Orfield (1996), court decisions including Milliken v. Bradley (1974), Board of Education of Oklahoma v. Dowell (1991), and Missouri v. Jenkins (1995) "reflect a quiet but severe erosion of Brown" (p. 50). In these cases, the Supreme Court ruled that efforts such as redistricting and busing were unconstitutional if they drew suburban and inner-city children together unless the suburbs could be held directly accountable for contributing to the existing segregation. These recent court decisions, often couched in the rhetoric of reform and increased local control, threaten to undermine the limited progress schools have made toward desegregation (Eaton, 1996), and they underscore what author and activist Jonathan Kozol (1991) claimed is the contemporary era of retrenchment from the commitment to integration represented by Brown. In many cases, Orfield and Yun (1999) suggested, schools have become more segregated than they were 10 years ago:

After nearly a quarter century of increasing integration [in the South], the tide turned the other way in the late 1980s. That process of resegregation has continued through the 1996-97 school year. The percent of black students in majority white schools in the South fell from a peak of 43.5% down to 34.7% in 1996, a clear and consistent eight year decline, with integration falling below the level achieved 24 years earlier, in 1972. (unnumbered page)

Because there is no universal pattern of resegregation, broad-based studies such as those conducted by Orfield and Yun (1999), Orfield and Eaton (1996), Oakes (1995), Kozol (1991), and others are helpful in mapping the changing patterns of national public opinion on issues of race and segregation. Beyond these studies, however, there is a need to explore resegregation more fully within the community context. At the local level, researchers can gain greater insight into the resegregation process by listening to the stories of parents, teachers, students, and administrators. This approach places the data in a historical and cultural context in which they are more easily understood and more useful in facilitating change. In this article, we attempt to provide such a context by characterizing the current status of desegregation in one Southern middle school in light of its historical position within the community.

We refer to the middle school as Indigo Middle School and the community as Davis. These names are pseudonyms adopted to protect the identity of the study's participants. The topic of racial resegregation is sensitive and the parents, teachers, students, and administrators who provided us with information for this study felt more comfortable doing so under the condition of anonymity. Because of our consideration for these individuals, we are unable to provide citations that would reveal Davis's location. What becomes apparent through this story is that these policies and practices could happen in any school attempting to desegregate.

Although this case recounts the specific history of Davis, it demonstrates many issues typically associated with school desegregation. By telling the story of Davis, we attempt to broaden the definition of segregation to include the segregation that can take place within schools after desegregation has ostensibly occurred. We suggest issues that have not been part of the recent resegregation literature by presenting data from a single school that was officially desegregated but continued to experience within-school segregation. To help readers understand how these issues arose, we provide a historical sketch of education in the city of Davis and the problems Indigo Middle School faced in attempting to serve the needs of its community.

DESEGREGATION IN DAVIS

Until the historic 1954 Brown v. Board of Education decision, the separation of Blacks and Whites in schools was often an unquestioned fact of life, particularly in the South. The Brown decision altered the educational landscape dramatically. In Davis and across the South individuals reacted strongly and vocally against efforts to desegregate schools. According to one prominent state politician, the Brown decision was, "a burden, suddenly and unexpectedly thrust upon the South."' One common argument against integration was the belief that segregation was natural and should not be prohibited by law. "Like likes like," wrote the author of a pamphlet distributed to Davis residents shortly after the Brown decision. To argue otherwise, the author suggested, was to "make a virtue of hypocrisy." Furthermore, he stated that the issue of integration should never become more than one of aesthetics.

In a case that could go to the U.S. Supreme Court, a federal appeals court ruled that the University of Michigan law school's policy of considering race as a factor in deciding which students to accept is legal.

"We've find that the law school has a compelling state interest in achieving a diverse student body," the 6th U.S. Circuit Court of Appeals in Detroit said.

The recent 5-4 ruling, which reverses an earlier decision by a lower court, sprang from two consolidated lawsuits brought by White students who were denied admission to the university. They contended that Michigan's law school and undergraduate admissions policies discriminate against Whites in favor of less-qualified minorities.

The university argued that racial diversity enhances the education of all its students. It said it considers race among a number of factors, including an applicant's academic record.

Analysts have said the Michigan case could give the Supreme Court an opportunity to revisit the 1978 Bakke case, involving the University of California, which allowed consideration of race in college admissions but banned racial quotas.

In a dissent, Circuit Judge Danny Boggs called Michigan's policy "a straightforward instance of racial discrimination by a state institution."

University of Michigan Interim President B. Joseph White called the recent ruling "a very wise decision, both for the university and for all of higher education."

Fitch Ratings expects the amount of student loans in deferment and forbearance to increase over the next six months as pressure on consumers mounts given the weak employment situation and increasing consumer leverage, according to the latest student loan asset-backed securities newsletter published this week by Fitch. However, while downward rating volatility has persisted in other asset-backed (ABS) sectors, bonds collateralized by student loans have held up well due in part to the relatively stable excess spread prevalent in student loan portfolios.

The newsletter also highlights the historically low interest rates, noting that the consolidation trend that began three years ago will continue for at least another year. However, Fitch views the growing amounts of consolidation loan collateral making its way into current and future securitizations as a positive trend.

In the second quarter of 2003, Fitch assigned ratings to 28 student loan ABS transactions accounting for over $12.8 billion of new student loan-backed bonds. Sallie Mae accounted for approximately 54% of the overall securitization volume, with approximately $6.9 billion in the second quarter and $13.2 billion through June 30.

Cost of Education

As a large section of the students today opt for higher education, the cost of education has increased considerably, and the students are compelled to resort to educational loans after school. So for those who are staggering under a huge credit, the government student consolidation loan is a perfect boon!

How Can a Government Student Loan Consolidation Help You?

With a government student consolidation loan, the students can combine and consolidate their existing loans into a new one, and thus reduce their monthly debt payments. With less to spend on their debt repayments, students would find it easier on their pockets.

The students get more time to repay the government loan consolidation. What's more, its interest rate is far less than that of the others. This pulls down the monthly payment amount, making it easier for the students and their parents. A student gain would most from this loan if he takes it after graduating, when his grace period is yet to end. He can thus avail of the lowest possible rate of interest on the new consolidation loan. With this loan, a student can do with signing only a single check a month. One can even consolidate private loans, but it wouldn't be possible to change the loans if he wants to go back to school.

Who can Opt For a Government Student Loan Consolidation Program?

Generally the students who have taken federal student loans are allowed to take a government student loan consolidation. It's necessary for the students to have more than one loan, and that too without any arrear on the existing loans. The students need to pass out of school before they take this loan. The time period allowed for repayment would vary according to the amount of loan consolidated.

The Loans that the Government Loan Can Consolidate

• Federal Consolidation Loans

• Federal Direct Consolidation Loans

• HEAL/HPSL Student Loans

• Parent Plus Loans

• Perkins Loans

• Stafford Loans

• And many more...

When you consolidate the federal student loans, not only would it reduce your number of loans, but will also give you a better credit score. You would not even need any credit check in this case, as the federal student loans are endorsed by the US government.

You'd find the Government Student Loan Consolidation Easy

You can seek the help of the loan counselors in your school to know what steps you need to take to applying for these loans. Application for student loan consolidation quite easy- even an email or a phone call would be enough for applying and one could consolidate his loans within one to three months of applying.

Gibran Selman works for CuraDebt, a company providing financial and creditor negotiations, settlement, and arbitration services on behalf of individuals and small businesses.

Many people consider an education to be the vehicle to the future - a way to fulfill their professional and personal dreams. Travel, family, owning property, wealth, opportunity and happiness seem more attainable with an education.

And yet, many students finish their education feeling cheated. They are left with a piece of paper, a massive job hunt and often more than $20,000 in debt. This can be discouraging. What many students don't realize, however, is that they don't have to be controlled by their student debt. In fact, they can control the purse strings.

Consolidating student loan debt is one way that many young people are using to take control of their financial future. They already have the education and now they need to move forward in a positive way.

Normally, with debt consolidation people are able to combine all of their debt, including credit cards, lines of credit and loans, into one big loan. This can result in lower interest rates and savings, as well as less stress and hassle.

With student loan debt consolidation, there are some added benefits:

1. While with most debt consolidation programs, a person is required to qualify based upon their credit rating, student debt consolidation programs don't. So, even if you have a poor credit score, you are able to access the benefits of debt consolidation.

2. While some people may be restricted in terms of the amount they can receive in one loan to consolidate their debt, student loan debt consolidation typically has no maximum amount.

3. If money is ever tight, with student loan debt consolidation, people can postpone repayment until graduation or until they get a job.

4. With student loan debt consolidation, the debt is usually discharged at the death of all borrowers. So, you won't be leaving an unnecessary burden behind on your co-signers or family members.

5. Everyone loves to save money on taxes and with student loan debt consolidation the interest you pay may be tax deductible.

So, if the amount you owe the bank for your education is getting out of hand or you've just graduated and you want to make repayment easier, a good student loan debt consolidation plan could be right for you. Check into local financial institutions and consider seeing a credit counselor to help you.

A student takes many loans to meet rising expenses on studies. This often results in lots of loans to be cleared. But the problem arises when the student has to fork out higher amount each month towards these loans payments. So there is little amounts left for other expenses apart from the problem that student may come under debts soon. The remedy is to opt for student debt consolidation loan.

A student debt consolidation loan implies that all debts of the students are merged under one new loan. In other words, the student now pays low monthly payments towards the consolidation loan. This makes the repayment of debt fairly easier.

There are Federal student debt consolidation loan available to the student. Federal debt consolidation allows for consolidation of all Federal student loans like Stafford and PLUS loans. These loans are usually given to students who have at least $7000 of outstanding amount as debt against their name.

As far as repayment plan for student debt consolidation loan is concern, there is standard ten-year plan available to all type of student. This plan is ideal as it enables in clearing debts early and at the same time you pay low monthly amount towards the new loan. But in case you want to further reduce the monthly outgoings, then repayment plans for 12 to 30 years are also available. These alternative plans include graduate repayments, income contingent repayment for direct loans only and income sensitive repayment plans. In case you do not opt for these plans than it is understood that you are taking a standard ten-year repayment plan. But note that though your monthly payments get chopped down, you will end up with higher overall interest payments towards the loan. Also, you would be carrying the debt burden for many more years.

If you have private loans, you can consolidation them under a private lender. There are host of private lenders providing student debt consolidation loan under secured or unsecured options. Secured debt consolidation loans come against some collateral and are of lower interest rate. Unsecured loans for debt consolidation are of higher rate of interest as no collateral is taken from student. Both these loans are given to bad credit students also, who made payment mistakes in the past.

With the advent of student debt consolidation, a number of student loans consolidation companies have appeared, each one offering a number of payment programs to ease the tension of student debt. While all of them may sound like a dream come true, it is worthwhile to do some research before diving into a student loan consolidation plan.

Student debt consolidation is often a last resort for students who see student loans piling up year after year. Eager to deal with debt issues quickly so they can focus on their course work, many students may blindly sign for the first student loan consolidation program they come across. Before opting for any sort of student debt consolidation, do a background check to see if these student loan consolidation companies are offering you what you really need.

Read The Fine Print

As with any financial program or set up, student loan consolidation companies have their own set of fine print and it is imperative that you read these before signing. When reading through the documentation, look for the kind of interest rates that are being offered and do some calculating. Oftentimes, interest payments can exceed the amount of the actual loan.

Remember that these kinds of student debt consolidation programs can extend for as long as twenty years. The last thing you need is to be saddled with a debt program you are unsatisfied with for two decades. Make sure you are completely clear about what you are signing up for.

Dos And Don'ts For Student Debt Consolidation

There are a number of important tips you can keep in mind when sifting through student loan consolidation companies. Avoid companies that ask for large fees upfront. If there are any initial fees, make sure you know what they are for. Don't let the company rush you. Shop around and compare financial packages before committing to anything.

Before signing, make sure you have a physical checklist of everything covered in the student loan consolidation program. Check with the Better Business Bureau to ascertain whether the company has a track record you are comfortable with. Also, ensure that the company is accredited by the Association of Independent Consumer Credit Counseling Agencies.

With so many student loan consolidation companies, it can be hard to decide which one suits your needs best. By following these simple rules and doing a little research, you will be able to find a company that offers a student debt consolidation plan that works for you. Having the right debt management package can make a world of difference in ensuring a stable and bright financial future.

Student Loan Consolidation is a really useful repayment tool that gathers all your federal student loans and puts them into one loan, also significantly reducing your monthly payment. Student loan consolidation is one of the most popular used methods for reducing and paying off student debt. Student loan consolidation is a powerful financial tool which has the backing of the federal government to help you lower your payments by extending your repayment term. Student loan consolidation also gives you the opportunity to lock in at a low interest rate, which can save you a huge amount of money over time.

Federal student loan consolidation amalgamates all your existing loans into one single loan which will show a good future payment history, which will help you improve your all important credit score. These student loan consolidation benefits could save you hundreds, even thousands of dollars in additional interest over the term of your loan. Federally funded loans are initially administered through the US Department of Education's Federal Student Aid programs, and are usually the easiest to get student loan consolidation services for.

After student loan consolidation, the variable interest rate becomes a fixed interest rate for a set period of time. Many people suffer from bad credit and this can cause problems with trying to obtain that all important college loan consolidation funding but if you utilize services of a federal-based company, they don't do any credit checks and the top benefit of all, student loan consolidation is considered as good debt and will be more appealing to any future lenders. The Federal Student Loan Consolidation Program lets anyone with more than $7500 in outstanding Federal student loans (including PLUS loans) to reduce their monthly student loan repayments and lock in a low fixed interest rate.

Federal loan are sent to the controllers office at your school, you then sign it over to the school and it is applied to the balance owed to the school. Federal Loans and Private loans cannot be merged when you opt for student loan consolidation. Federal student loans offer low interest rates and deferred payments. Federal student loans are some of the most affordable loans available to students and families, with interest rates lower than most other forms of financing and deferred payments (principal and interest) until after graduation.

By consolidating your federal student loans first and improving your credit score, you could get a better interest rate. Anyone with outstanding non-federal education-related expenses is eligible to apply for a Private Consolidation Loan. Students can consolidate while still in school, during the six-month grace period immediately following graduation or during the repayment period. A student loan consolidation program is a lucrative and efficient way for students to deal with student debt.

Nowadays, the cost of higher education is getting more and more expensive. Some families may not be able to afford to send their son or daughter for further education. Getting a student loan will help.

There are 2 broad categories of student loans available. Government student loans and private student loans

Government or federal student loans are funded and administered by the US Department Of Education. It is classified under Federal Student Loans Aid Program. They have very few requirements other than you are studying in a US college or university. International students may also apply though approval is on a case by case basis.

Every year, the student loan aid program disburse nearly 60 billion dollars so it is a good choice for get a student loan from the government. Thus the interest rates are pretty low.

Private student loans are funded and administered by banks and other financial institutions. These lenders provide student loans at a higher interest rate compared to federal student loans. Some common student loans available are from Citibank and Sallie Mae

You are allowed to apply for both private and federal student loans for your education needs although I would not recommend it.

For some students who have a few student loans to repay concurrently, it can be a financial drain on their family finances. That is where student loan consolidation comes in.

Student loan consolidation basically consolidates all your student loans into one loan so that it is easier to manage and make payments. When you are getting a student loan consolidation whether from the government or the private market, your existing student loans are paid for and erased by the student loan consolidation lender. The balances are transferred to the new student loan consolidation. Thus you start a new loan and only needs to make a single payment each month.

There are many advantages to using student loan consolidation. The interest rates will be lower since it takes the average interest rates of your previous student loans. Thus due to government legislation, the maximum interest rate cannot be higher than 8.25 percent.

It becomes a lot easier to manage a single student loan and payment are easier. The repayment options are quite flexible. For federal student loan consolidation, you can opt to start repaying after you have graduated from school. There are also several other options.

Another beneficial side-effect of student loan consolidation is that it can also improves your credit score. Since you are effectively clearing all your old student loans and taking a new one, your credit score will increase and is important if plan to take other types of loans in the future.

Nowadays, student loan debt consolidation has become more popular. The number of such loan providers, which provide debt consolidation loans to college graduates, students, parents or high-school students has also increased.

Under student loan consolidation you can simply convert your all student loans into one. It is also known as the school loan consolidation. You will have to pay only one fixed rate of interest for one monthly loan payment with only one lender.

There are no extra fees or charges on such type of loans. You can also choose flexible repayment structure and there are no prepayment penalties. There is no need of credit checks for such loans, which in turn saves time. The Student Loan Consolidation Program will provide more than $7,500 at the lowest interest rates.

Consolidation is the best method of lessening your burden by converting all students’ loans under a single loan with one lender. Such type of loans can help you to invest more for future and easily maintain your budget. A person may apply for student loan consolidation only when he is in a loan grace period or doesn’t consolidate loans before this.

You can also apply online for student loan consolidation. There are different companies, which consolidate your student loans, bad credit student loans, high education loans, education loan, school loan, federal student loan, joint loan and many more. Once the interest rate is fixed, it doesn’t change. The repayment will begin within 60 days.

Higher education has become very important now. But the fact which remains is that it comes at a very high price. During the time period of higher education, there are many expenses that cannot be escaped from and loans are taken up to cope up with those expenses. This leads to a burden of debts on the student. This entire burden can now be easily removed by taking a student debt consolidation loan.

The student debt consolidation loan helps the borrower in removing these debts. The student is just supposed to take up a student debt consolidation loan which is atleast equal to the total amount of debts that he owes to various lenders. He can repay and clear all the debts with the money.

By paying off all debts with a student debt consolidation loan, the student now just has to repay the lender of student debt consolidation loan instead of the multiple lenders of the previously unpaid debts.

The student debt consolidation loan is available to the student at an interest rate lower than other loans in the market. Also the terms and conditions have been structured in such a manner that suits the students well.

As for the repayment of a student debt consolidation loan is concerned, there are flexible options of repayment that are available for students like:

• standard payment of set monthly payments;

• graduated payment plan involving low monthly payments initially that gradually increases;

• variable plan that adjusts amount of payments as per changes in your income and expenses

• Extended payment plan allowing you to extend the loan pay off period and reduces monthly payments.

Other benefits of student debt consolidation loan are that the repayment has to be made after the student gets employed. There are no credit checks made on the student. Online application facility is available for student debt consolidation loan so that the students do not have to go and meet the lenders personally.

All these benefits and features help the student in getting rid of his debts and thus makes student debt consolidation loan a just choice to make.