Monthly Archives: January 2009

What Is a Student Loan Consolidation?

  By JNykoluk | January 5, 2009 - 2:56 am | Student Loan Consolidation
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When we talk about college graduation, several promising life changes occur in our minds – potential careers, independence as well as new beginnings.   However, although it means beginning of something, it still signifies something less enjoyable too – the repayment of student loans.

As you all know, the repayment of ample student loans can be off-putting for both students and their parents.   It was found out by the Public Interest Research Group in the US that the average debt among student borrowers is currently in excess of (more…)

Collection Procedures Resulting From Student Loan Defaults

  By JNykoluk | January 4, 2009 - 2:42 am | Defaulted Student Loans
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Most of the guaranty agencies’ stringent collection procedures have successfully deterred student loan neglect.  One of the supports for this claim is the steady decrease and current all-time low of student loan default rates.  However, although the collections department is highly committed to assisting those who are in default and making repayment as simple as possible, the non-response in the borrowers’ side still opens up to one or more of the following collection approaches: (more…)

Your Education Investment – Considerations When Investing In Your Education

  By JNykoluk | January 3, 2009 - 2:39 am | Student Loans Tips
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Most people may think that the term “investing” has to deal with spending a little money on something in the hopes that it will increase in value in the future.  Your education investment, however, is much more involved.  Yes, you are spending money now in the hopes you will make a lot more money in the future.  Yes, the risks and rewards of investing in your education are similar as well, depending on the (more…)

Student Loans Repayment – An Introduction to Repaying Your Student Loans

  By JNykoluk | January 2, 2009 - 2:00 am | Student Loans Repayment
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If you have never taken out a loan before, consider yourself lucky.  I don’t mean, just student loans, but rather – any type of loan.  I also don’t mean to imply that loaning money is bad for you.  It’s just that many people have a difficult time keeping control of their debt.  Being in debt is always a burden.  How much of a burden depends on not only how you handle your debt but also on what you use it for.

If leveraged correctly, a loan can reward you many times over, above and beyond the amount of money you owe.  This can (more…)