NextStudent’s Fixed-Rate Consolidation Loan Helps Students Manage Debt.
Most college students have left finals long behind and are considering their options for summer school, a fun job or other pursuits to occupy their time this summer. According to NextStudent, a leading Phoenix-based education funding company, this is the perfect time of year for students and their parents to consider consolidating their federal student loans, especially if they have a variable rate Stafford Loan or PLUS Loan.
Students who graduated in 2007 and took out Stafford Loans in prior years are likely faced with multiple variable interest rate Stafford Loans with rates that may fluctuate from year to year. Since adjustable rates mean that payment amounts vary, it makes smart financial sense to consolidate these and other variable rate student loans in order to lock in low fixed rates. This allows students and their parents to easily manage their debt and plan ahead for repayment.
Multiple Benefits of Consolidation
In addition to no longer having to worry about variable interest rates, students who consolidate may be able to lower the total amount they currently pay per month for all their bills. In fact, many borrowers find that they can reduce their monthly payments by up to 60 percent in the process. Another advantage is that student loan consolidation simplifies the debt management and repayment process, with only a single payment required to one company each month. A final benefit is that since student loan consolidation extends repayment to 30 years, this gives many new graduates some financial breathing room when starting out in their new careers.
Qualification is easy with a NextStudent Federal Consolidation Loan and may be done over the phone with the borrower’s personally assigned Education Finance Advisor. An EFA will answer any questions parents or students may have and will walk them through the student loan consolidation process from start to finish.
NextStudent’s Impressive LOCKED Discount
Borrowers have the option of consolidating their student loans with so many different lenders that oftentimes finding the best one is a difficult and confusing process. Student loan borrowers can relax knowing that NextStudent has their best interests at heart in terms of excellent customer service, savings, and long-time retention of benefits.
Since the government sets the base interest rate on all Federal Consolidation Loans, companies offer incentives to win business. With NextStudent, when a borrower makes 36 consecutive on-time payments, borrowers qualify for an incentive that is tough to beat. They receive a 1 percent LOCKED interest rate reduction that once earned remains in effect for the life of the loan.
NextStudent Consolidation Packages
There are two options that borrowers may consider when choosing the best student loan consolidation package for their needs:
Package No. 1
.25 percent interest rate discount for using automatic-debit to make monthly payments
1 percent LOCKED RATE interest reduction after 36 consecutive on-time payments
Package No. 2
.25 percent interest rate discount for using automatic-debit to make monthly payments
After 48 on-time payments borrowers receive a 2 percent interest rate discount (not locked)
It is important for borrowers to take the time to thoroughly research each lender with which they are considering doing business in order to ensure that the company operates with integrity, honesty and ethics. NextStudent has a long-standing reputation as a trustworthy, high-caliber organization that places serving others as its top 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 Student Loans at http://www.nextstudent.com/.
Students who graduated in 2007 and took out Stafford Loans in prior years are likely faced with multiple variable interest rate Stafford Loans with rates that may fluctuate from year to year. Since adjustable rates mean that payment amounts vary, it makes smart financial sense to consolidate these and other variable rate student loans in order to lock in low fixed rates. This allows students and their parents to easily manage their debt and plan ahead for repayment.
Multiple Benefits of Consolidation
In addition to no longer having to worry about variable interest rates, students who consolidate may be able to lower the total amount they currently pay per month for all their bills. In fact, many borrowers find that they can reduce their monthly payments by up to 60 percent in the process. Another advantage is that student loan consolidation simplifies the debt management and repayment process, with only a single payment required to one company each month. A final benefit is that since student loan consolidation extends repayment to 30 years, this gives many new graduates some financial breathing room when starting out in their new careers.
Qualification is easy with a NextStudent Federal Consolidation Loan and may be done over the phone with the borrower’s personally assigned Education Finance Advisor. An EFA will answer any questions parents or students may have and will walk them through the student loan consolidation process from start to finish.
NextStudent’s Impressive LOCKED Discount
Borrowers have the option of consolidating their student loans with so many different lenders that oftentimes finding the best one is a difficult and confusing process. Student loan borrowers can relax knowing that NextStudent has their best interests at heart in terms of excellent customer service, savings, and long-time retention of benefits.
Since the government sets the base interest rate on all Federal Consolidation Loans, companies offer incentives to win business. With NextStudent, when a borrower makes 36 consecutive on-time payments, borrowers qualify for an incentive that is tough to beat. They receive a 1 percent LOCKED interest rate reduction that once earned remains in effect for the life of the loan.
NextStudent Consolidation Packages
There are two options that borrowers may consider when choosing the best student loan consolidation package for their needs:
Package No. 1
.25 percent interest rate discount for using automatic-debit to make monthly payments
1 percent LOCKED RATE interest reduction after 36 consecutive on-time payments
Package No. 2
.25 percent interest rate discount for using automatic-debit to make monthly payments
After 48 on-time payments borrowers receive a 2 percent interest rate discount (not locked)
It is important for borrowers to take the time to thoroughly research each lender with which they are considering doing business in order to ensure that the company operates with integrity, honesty and ethics. NextStudent has a long-standing reputation as a trustworthy, high-caliber organization that places serving others as its top 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 Student Loans at http://www.nextstudent.com/.
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