It’s important to do your homework and know what to look for so that you can make a smart choice.
At some point in the past couple of decade student loans when from a leg up to financial slavery.
There is a lot of information out there about how to deal with troublesome student loan debt and payments.
Both Federal PLUS and Direct PLUS loans are eligible to be included as well as the traditional Parent Loans for Undergraduate Students (PLUS). The rate is based on the weighted average interest rate of the loans being consolidated, rounded to the next nearest higher one-eighth of one percent and can not exceed 8.25 percent.
You can extended your repayment time using the Direct Consolidation Loan approach and while that will lower your monthly payment it will increase the total you will repay over the life of the loan.
It sounds like it could be confusing, but it doesn’t have to be.
You can sign up for these programs for free at Student But to do that you might need to eliminate your other debt to make room for the payments.Well if you are struggling to make your regular student loan payments because you have other financial obligations in the way, reducing those obligations might just be the more reasonable and more logical thing to do, even though to do so might be emotionally hard to face.Huffington Post Reader Question Dear Steve, I have 3 daughters and have borrowed heavily using PLUS loans to finance their education.I see a lot of things available to students who have borrowed.Is this a student loan consolidation scam or legit company to work with? If you're even asking me, it means you went online, searched the company's name, or found my article on Student Loan Scams, and it raised a big red flag. There are many scams out there, and the CFPB, along with multiple government agencies, have issued warnings to be on the lookout.