A loan offered to students which is used to pay off education-related expenses, such as college tuition, room and board at the university, or textbooks. Many of these loans are offered to students at a lower interest rate, such as the Perkins loan or Stafford loan. In general, students are not required to pay back these loans until the end of a grace period, which usually begins after they have completed their education.
Student Loan Consolidation
The replacement of multiple student loans with a single loan, often with a lower monthly payment and a longer repayment period. This is a popular option for student graduating college who are looking to minimize monthly obligations. Student loan consolidation will typically require the borrower to undergo entrance and exit loan counseling. Some student loan consolidation programs only require the borrower to pay the interest on the loan for a given amount of time.
Thanks,
Surbhi Maheshwari [MBA Fin / Mktg ]
Manager Finance
On Line Assistence :
Gtalk : SurbhiM.AeroSoft@gmail.com
Thank you for sharing such great information. It has help me in finding out more detail about Education Loan Interest Rates
ReplyDelete