| Refinace Student Loan : Student Loan
Refinancing Benefits
& Repayment Options
REFINANCING OPTIONS....
- STANDARD REPAYMENT PLANS, where you make monthly payment plans on
a fixed interest rate over a period of ten (10) years to thiry (30)
years, depending of the type of consolidation refinance program and
lender you choose.
- EXTENDED REPAYMENT PLANS, where your payments are less than
payments under the Standard Repayment Plan, with repayment periods
ranging from twelve (12) to thirty (30) years, depending on the
total amount that you have borrowed.
- GRADUATED REPAYMENT PLAN, where your monthly payments increase
every two (2) years. Under this plan your repayment period
varies from twelve (12) to thirty (30) years, depending on the total
loan amount that is borrowed.
- INCOME CONTINGENT REPAYMENT PLAN, where your repayment plan is
based on your annual income, family size, and total amount of loan
debt. Under this plan your payments are spread over twenty
five (25) years.
Before you enter repayment, you will receive information
about the four repayment plans listed above and will be asked to choose a
plan that fits your needs the best to refinance student loans.
The four different repayment plans listed above are
available to borrowers of both Direct Subsidized and Unsubsidized
Consolidation Refinancing Loans. NOTE:
Direct PLUS Student Loan borrowers may not choose the Income
Contingent Repayment Plan.
Borrowers that consolidate more than one loan type (be them
subsidized, unsubsidized, and PLUS loans), have only one Direct
Consolidation Loan and will make only one payment each month. It is common
for borrowers to choose only one repayment plan. However, borrowers who
consolidate PLUS Loans (Parental Loans for Undergraduate Students) with
other student loans may repay the PLUS portion of the consolidation loan
under a different repayment plan.
The school loan refinancing lenders we have chosen to list offer to
refinance school loans
(both private loans and federal loans), refinancing student
loans of every form. If you want to get the lowest interest rate and lower
your payments then refinance at today's rates, before July 1. Three top companies
that provides great customer service and low interest rates are:
COLLEGIATE SOLUTIONS - Student loan refinancing, refinance
school loans.
They specialize in high
balance student loan consolidation, with focus on Refinancing Law School
Loans, Refinance Medical School loans as well as all other college loan
refinance services. This is a favorite with lawyers and doctors.
-No Credit Check
-Lower monthly payments
-Interest rates less than 6%,
There's no
credit check. You can also reach them by phone, call toll free at
1-877-490-6639.
Student Loan Refinance Q&A - Refinancing School
Loans PRIVATE and FEDERAL
QUESTION:
What is the difference between Refinancing private
student loans and refinancing federal school loan ( federal as in stafford loans, plus, perkins loans, etc )??
ANSWER:
When you refinance
student loans, look at exactly what types of loans you are consolidating
(consolidating is essentially refinancing). When you refinance
school loans you will participate in a federal loan
consolidation refinancing program backed by the US DOE (Department of
Education) www.ed.gov , through the lender refinancing service of your choice. The
Government does not allow many lenders to offer this service for college
loan refinance. Only proven,
trusted consolidation refinancing lenders such as the ones you'll find
listed on this site. When you refinance PRIVATE student loans, you are
combining all of your loans (and often your federal loans)
from various lenders in to one single loan with one low apr.
NEXT, go to our
Student
Loan Consolidation PART 3 page.
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Helpful college student
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consolidate student
loans If you have any questions with student loan consolidation
or student loans please contact the lenders directly.
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