Private Consolidation Loan Just Released by NextStudent
Selecting the best means of financing a college education sometimes can be a challenging experience. Many borrowers do not realize that the combination of personal savings and federal funds often does not cover all college expenses, according to NextStudent, a leading Phoenix-based education funding company. Fortunately, private consolidation loans such as the new offering by NextStudent are an excellent low-cost option for covering the funding gap and repaying student debt.
While there are many such solutions available to students and their parents, it is important that borrowers carefully compare the options available to them and select the private consolidation loan that best fits their needs. NextStudent offers an excellent product that enables students to accomplish their dreams of an education while taking advantage of rates comparable to federal student loan consolidation, as low as 6.33% APR for the first year only.
For example, a typical loan of $40,000, where the borrower has chosen to make payments of principal and interest, with an interest rate of 6.705% APR, subject to change every calendar quarter, and with a loan term of 30 years, will have a payment of $258.25 (subject to change if the interest rate changes).
Caters to Financial Needs of Borrowers
Additionally, borrowers may qualify to receive NextStudent’s Private Consolidation Loan benefits, which can enable them to attain financial stability immediately out of college. Benefits of the credit-based loan may include: interest-only repayment terms for the first two years, up to 30 years to repay, a reduction in the principal balance of up to 1.5 percent after 48 consecutive on-time payments, a .25 percent interest rate reduction when paying via auto-debit, and no or low origination fees.
College students and their parents may consolidate as little as $7,500 or as much as $300,000 and may receive approval in as little as a few minutes over the phone. There are no prepayment penalties, although many students may opt for in-school deferment or choose to defer payments for up to 12 months following graduation. Borrowers who shortly will begin repayment of their student loans and those who are not in default as well as those with good credit may qualify.
Easy, Convenient Application Process
Applying is fast and convenient. Borrowers may submit their application over the phone and receive a “real-time” loan decision in just a few minutes from their personally assigned Education Finance Advisor, and they may review the status of their loan’s progress at any time online.
Student loan consolidation is simply a smart move to help students and their parents organize their finances and position themselves for success. The NextStudent Private Consolidation Loan is one of the most competitive products on the market, with many outstanding features and incentives. Students or parents will receive a personally assigned Education Finance Advisor who will walk them through the entire process from start to finish and answer any questions they may have. This service offers an unprecedented opportunity for those who desire to make their education dreams a reality, in a simple, easy-to-manage fashion.
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/.
While there are many such solutions available to students and their parents, it is important that borrowers carefully compare the options available to them and select the private consolidation loan that best fits their needs. NextStudent offers an excellent product that enables students to accomplish their dreams of an education while taking advantage of rates comparable to federal student loan consolidation, as low as 6.33% APR for the first year only.
For example, a typical loan of $40,000, where the borrower has chosen to make payments of principal and interest, with an interest rate of 6.705% APR, subject to change every calendar quarter, and with a loan term of 30 years, will have a payment of $258.25 (subject to change if the interest rate changes).
Caters to Financial Needs of Borrowers
Additionally, borrowers may qualify to receive NextStudent’s Private Consolidation Loan benefits, which can enable them to attain financial stability immediately out of college. Benefits of the credit-based loan may include: interest-only repayment terms for the first two years, up to 30 years to repay, a reduction in the principal balance of up to 1.5 percent after 48 consecutive on-time payments, a .25 percent interest rate reduction when paying via auto-debit, and no or low origination fees.
College students and their parents may consolidate as little as $7,500 or as much as $300,000 and may receive approval in as little as a few minutes over the phone. There are no prepayment penalties, although many students may opt for in-school deferment or choose to defer payments for up to 12 months following graduation. Borrowers who shortly will begin repayment of their student loans and those who are not in default as well as those with good credit may qualify.
Easy, Convenient Application Process
Applying is fast and convenient. Borrowers may submit their application over the phone and receive a “real-time” loan decision in just a few minutes from their personally assigned Education Finance Advisor, and they may review the status of their loan’s progress at any time online.
Student loan consolidation is simply a smart move to help students and their parents organize their finances and position themselves for success. The NextStudent Private Consolidation Loan is one of the most competitive products on the market, with many outstanding features and incentives. Students or parents will receive a personally assigned Education Finance Advisor who will walk them through the entire process from start to finish and answer any questions they may have. This service offers an unprecedented opportunity for those who desire to make their education dreams a reality, in a simple, easy-to-manage fashion.
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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