Friday, November 30, 2007

Thinking of consolidating your student loans? Choose your Student Loan Consolidator carefully.

If you're faced with a lot of student loan debt after graduation or are expecting to graduate with enormous student loan debt, student loan consolidation may be a way for you to transform your debt into one new repayment package with a lower interest rate and lower monthly payments. Sounds like a great debt management option doesn't it? It can be.

However, it's important that college students (or graduates) are careful of who they decide to consolidate their student loans with. For example, consolidating student loans through the Department of Education or using a student loan company that is a member of the Federal Family Education Loan Program (FFELP), such as OneSimpleLoan, offer a student a reputation that they can trust. When it comes to customer service, it is thought that student loan consolidators that are members of FFELP can provide superior customer service since it is those companies' choice to consolidate loans for students. Because it is a choice and a livelihood of business, student loan companies that are part of FFELP, and like OneSimpleLoan, offer student loan consolidation tend to invest more time in the quality of their student loan consultants in an effort to provide optimal service and information for students.

It is also important for students to work with a student loan consolidation company that remains up-to-speed on current student loan regulations. This ensures that the students get accurate answers to their questions and know of implications that could affect their financial situation.

Work with a student loan consolidation company that has your best interests at heart. For example, the certified Student Loan Consultants at OneSimpleLoan are up front and personal and will tell students when and if student loan consolidation would be ideal for their particular situation.

So, when it comes to consolidating your student loans (or the thought of it), do a lot of research, consider a reputable FFELP member and turn to a company that offers superior customer service.

Wednesday, November 21, 2007

Think you're maxed out on Federal student loans? Don't worry!

If you're maxed out on subsidized loans, you may still be eligible for unsubsidized Federal loans or vice versa. If you have not yet maxed out both Federal aid options, fill out a Free Application for Federal Student Aid (FAFSA) form to see what other financial aid from your school, such as scholarships or grants, you may still be eligible for.

According to the
Federal Government, subsidized and unsubsidized Federal loans have annual limits which increase with each year in school, ranging anywhere from $3,500 to $10,500 a year depending upon your student status.

There are also lifetime limits for subsidized and unsubsidized Federal student loans, from $23,000 for dependent students all the way up to $138,500 for graduate students (even higher for medical students).

If you have maxed out your limits on Federal student loans (both subsidized and unsubsidized), you have the option to apply for private student loans through student loan companies like
www.onesimpleloan.com, for example. Many students turn to private student loans because they can be used to pay for virtually all college-related expenses, including tuition, books, laptops, commuting and living expenses, etc. In addition, unlike traditional consumer loans, private loan interest may be tax-deductible; be sure check with your tax advisor for details.

You see, there are always options available to apply for and get the money you need for all your college-related expenses...so don't worry!


Monday, November 19, 2007

Welcome to the only Blog you need for Student Loan Solutions!

OneSimpleLoan, a student borrower advocate, is glad to offer Undergraduate, Graduate, and Professional Degree seeking students a place to get information about the best student loan solutions!

These include:
  • Federal Student Loans
  • Private Student Loans
  • Federal and Private student loan consolidation

OneSimpleLoan has been a proud advocate for the student borrower since being a catalyst in the repeal of Single-Holder Rule, in it's case against the U.S. Department of Education in 2005.

If you're looking for advice, news, and updates about student loans or student loan consolidation as it pertains to your education and achieving your educational goals, then make sure to visit us often! Need private student loans or student loan consolidation solutions? Feel free to visit www.onesimpleloan.com anytime to apply for the solutions you need!