Student Loan Consolidation Rates - Helpful Tips By Dean Shainin

Student loan consolidation has many benefits. Before you sign up on the dotted line, you should know how to get the best student loan rates. If you are tired of too many bills and monthly due dates, it may be time to find the best student consolidation loan you qualify for.

The most obvious way to get the best student consolidation loan rates, is by having great credit. It’s easy to get great student consolidation loan rates with a FICO score over 660. But, there are several ways to get the best student consolidation loan rates.

Know Your Credit Before Shopping For Student Consolidation Loan Rates

By doing a simple Google or Yahoo search on FICO and credit scores to find the information you need to check out your credit score. This really should be your first step to getting the best student consolidation loan rates. With knowledge, you will get the best student loan consolidation rates for your financial situation.

Student consolidation loan rates can vary from person to person. The student consolidation loan rates offered will be based on your financial situation and FICO score. With a FICO score under 600, you will have a tough time getting a good student consolidation loan rate.

Refinancing And Home Equity Loans Used For Student Loan Consolidation

With a home equity loan, you can get the best student consolidation loan rates possible with good credit. Secured by your home, a student consolidation loan can help get rid of your high credit card rates and loans. You will have less bills to pay, with the best student consolidation loan rates to lower your interest on several loans.

Refinancing your home mortgage may be an option to get the best student loan consolidation rates.

The important thing to remember with home equity loans and refinancing, is to be logical and don’t let your emotions get the best of you. You may get the best student consolidation loan rates available, but you still have to pay back the loan over time.

It’s best to take the time to sit down and research all your options that are available to you to get the best loan and interest rate.

Resources Online For Getting The Best Student Loan Consolidation Rates

With today’s Internet resources, you have an advantage when looking for the best student loan consolidation rates online. Take time to get educated on the process of getting the best student consolidation loan rates, and you can save yourself thousands of dollars on the student consolidation loan rates available, with just a few clicks of the mouse.

The idea is to combine all your current debts that you owe into one large debt with the lowest interest rate possible. Instead of making monthly payments on several high interest loans ranging from 12% to 28%, you can make one payment each month to one company.

Today’s career minded students can get help with the burden of having several student loans. You can focus on your career, instead of losing sleep over paying several monthly loan payments. Student loan consolidation can be the solution with many advantages. With today’s Internet technology, you can get a student loan consolidation quickly and easily.

Copyright 2005 Dean Shainin

Best Student Loan Consolidation

It is just normal that people want the best in their lives. Some even want something to be perfect as much as possible. And in order for things to get along with what you want or what you’ve set, you have to make some effort in choosing the right one in every decision that you make. But take note, decision making is not that easy.

Almost everybody nowadays have problems with regards to money. And their usual solution is simply to get a loan. Most of the time what is only important to these borrowers is that they were able to borrow money to cover up their expected or unexpected expenses, they tend to forget and disregard the important consequences or effects of their loan(s) incurred.

But there are also some borrowers that take time to think and desire for the best. They carefully follow some guidelines in choosing the best loan(s) for them. What might be these guidelines?

In order to get the best student loan consolidation, the student must:

• Step 1: Determine what he wants out of consolidation. If he wants to pay his loan off early look for a principal reduction. If he wants 20 years (or more) to pay off his loan, look for an interest rate reduction.
• Step 2: Find the best principal or interest rate reduction. Nonprofit lenders are a good place to start. They have a lower cost to operate which translates into better savings.
• Step 3: Make sure the discounts are PERMANENT.
• Step 4: Find company's offering additional discounts for using auto-debit (also ask what you must do to sign-up for and KEEP your auto-debit discount!)
  

Other important things to consider:

1. Many lending institutions will advertise “special benefits” such as a 0.6% discount for consolidating while you are still in your grace period. The truth is, there is nothing “special” about such benefits.
   They are already yours as stated in the law. Some special benefits offered are : Fixed interest rates, No fees, No credit checks, No prepayment penalties, Rates that are 0.6% lower if you consolidate while in your grace period.
   If you get an offer from a lender advertising any of these as “special benefits”, watch out! Most lenders that advertise these benefits are trying to hide the fact that they don’t provide substantial benefits of their own.
2. "On-time" Payments. Many lenders offer discounts for making on-time payments. What they don’t tell you is that to keep the discount you have to continue making on-time payments until the loan is paid off – which could equal up to 30 years of on-time payments! Avoid these lenders and look for one that offers permanent benefits.
3. Applying for your consolidation loan online is one thing. But some lenders also expect you to conduct all correspondence with them electronically. If this is the case, watch out for tricks in the fine print.
   

There is nothing to lose in following the above guidelines and consider those important points mentioned. It is better to be choosy and careful than to suffer the burden of having a consolidated loan to a wrong lending institution!

Resources Online For Getting The Best Student Loan Consolidation Rates

With today�s Internet resources, you have an advantage when looking for the best student loan consolidation rates online. Take time to get educated on the process of getting the best student consolidation loan rates, and you can save yourself thousands of dollars on the student consolidation loan rates available, with just a few clicks of the mouse.

The idea is to combine all your current debts that you owe into one large debt with the lowest interest rate possible. Instead of making monthly payments on several high interest loans ranging from 12% to 28%, you can make one payment each month to one company.

Today�s career minded students can get help with the burden of having several student loans. You can focus on your career, instead of losing sleep over paying several monthly loan payments. Student loan consolidation can be the solution with many advantages. With today�s Internet technology, you can get a student loan consolidation quickly and easily.

Know Your Credit Before Shopping For Student Consolidation Loan Rates

By doing a simple Google or Yahoo search on FICO and credit scores to find the information you need to check out your credit score. This really should be your first step to getting the best student consolidation loan rates. With knowledge, you will get the best student loan consolidation rates for your financial situation.

Student consolidation loan rates can vary from person to person. The student consolidation loan rates offered will be based on your financial situation and FICO score. With a FICO score under 600, you will have a tough time getting a good student consolidation loan rate.

Student loan consolidation

Student loan consolidation has many benefits. Before you sign up on the dotted line, you should know how to get the best student loan rates. If you are tired of too many bills and monthly due dates, it may be time to find the best student consolidation loan you qualify for.

The most obvious way to get the best student consolidation loan rates, is by having great credit. It�s easy to get great student consolidation loan rates with a FICO score over 660. But, there are several ways to get the best student consolidation loan rates.