Friday, October 24, 2008

Student Loan Consolidation - That Lowers Your Burden

Nowadays, student loan debt consolidation has become more popular. The number of such loan providers, which provide debt consolidation loans to college graduates, students, parents or high-school students has also increased.

Under student loan consolidation you can simply convert your all student loans into one. It is also known as the school loan consolidation. You will have to pay only one fixed rate of interest for one monthly loan payment with only one lender.

There are no extra fees or charges on such type of loans. You can also choose flexible repayment structure and there are no prepayment penalties. There is no need of credit checks for such loans, which in turn saves time. The Student Loan Consolidation Program will provide more than $7,500 at the lowest interest rates.

Consolidation is the best method of lessening your burden by converting all students’ loans under a single loan with one lender. Such type of loans can help you to invest more for future and easily maintain your budget. A person may apply for student loan consolidation only when he is in a loan grace period or doesn’t consolidate loans before this.

You can also apply online for student loan consolidation. There are different companies, which consolidate your student loans, bad credit student loans, high education loans, education loan, school loan, federal student loan, joint loan and many more. Once the interest rate is fixed, it doesn’t change. The repayment will begin within 60 days.

By Mehar Grewal

Check Out the Related Article : College Student Loans - Your Own College Can Help Your Finances

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1 Comment:

Corporate Bully said...

Att: RBC Bank President Gordon Nixon - Salary - 11.73 Million!!


I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC account.


There is no monthly interest payment date on the contract.
Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan contracts signed by other fishermen around the same time showed a monthly interest payment date on their contract,(agreement).
The lending policy did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519

"Fighting the Royal Bank of Canada (RBC Bank) one customer at a time"

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