Direct Consolidation Loans
Direct Consolidaton LoansThe Higher Education Act (HEA) provides for a loan consolidation program under both the Federal Family Education Loan (FFEL) Programs and the Direct Loan Program (DLP). Under both of these programs, your loans are paid off and a new consolidation loan is created. These consolidation programs simplify loan repayment by combining several types of your Federal education loans (that may have different terms and repayment schedules or may have been made by different lenders) into one new loan.
The interest rate on your new consolidation loan may be lower than on one or more of your other loans. The monthly payment amount on a s...
Posted : April 04, 2009 | 
Comments : 0 | 
ED To Distribute $44 Billion
Education Department to Distribute $44 Billion in Stimulus Funds in 30 to 45 Days$49 Billon More to Be Available within 6 months
U.S. Secretary of Education Arne Duncan today announced that $44 billion in stimulus funding from the American Recovery and Reinvestment Act (ARRA) will be available to states in the next 30 to 45 days. The first round of funding will help avert hundreds of thousands of estimated teacher layoffs in schools and school districts while driving crucial education improvements, reforms, and results for students.
Posted : April 04, 2009 | Comments : 0 | Department of Education
The U.S. Department of Education and its RoleDespite the growth of the Federal role in education, the Department never strayed far from what would become its official mission: to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access.
The Department of Education carries out its mission in two major ways. First, the Education Secretary and the Department play a leadership role in the ongoing national dialogue over how to improve the results of our education system for all students. This involves such activities as raising national and community awareness of the education challenges confronting the Unite...
Posted : April 04, 2009 | Comments : 0 | School Loan Consolidation
What is School Loan Consolidation?School Loan Consolidation is when you combine several existing federal student loans into one new loan. This allows you to lock in a single fixed interest rate and only need to make one payment on a monthly basis.
There are several different reasons why you should consider school loan consolidation.
School Consolidation loans are at a fixed interest rate. That means your interest rate does not change every year. You will know the amount of interest that you will be required to pay until you pay the loan off in full.
Posted : April 02, 2009 | Comments : 0 | Federal Student Loans
Consolidation of Federal Student LoansIf you have loans through the Perkins, Stafford or Plus programs, you have the ability to consolidate these federal student loans into one school loan. This allows you to lengthen the time you have to pay back the loan and only have one monthly payment at a fixed interest rate. The term of these federal student consolidation loans is usually between 10 and 30 years. With these consolidated loans, the monthly payments may be lower, but the amount paid over a longer period of time will be higher. The fixed interest rate is calculated based on the average rate of the loans that are being consolidated. The interest rate is weighted based on the amounts borrowed from each loan.
Posted : April 02, 2009 | Comments : 0 | School Loan Consolidation Interest Rate
School Loan Consolidation Interest RateIf you get a School Consolidation loan, your interest rate is based on a federal calculation that uses the weighted average of the interest rates of your existing loans. The average is then rounded up to the nearest 1/8 percent.
A fixed rate is generally a desired option. This is especially important if you think that interest rates will be going up in the future. If you think interest rates will be going down in the future, then a variable interest rate would be to your advantage. You should talk to you school financial adviser or a financial planner to get an idea of where interest rates might be in the near future. Currently, interest ra...
Posted : April 02, 2009 | Comments : 0 | 
School Loan Consolidation...Federal Student Loans...School Loan Consolidation Interest Rate...Direct Consolidation Loans...ED To Distribute $44 Billion...Department of Education...Wise County school consolidation moves ...
Published:Mon, 13 Jun 2011 20:56:45 -0700
In a somber meeting of the Wise County School Board Monday night, Betty Cornett acknowledged the reality that school consolidation opponents have fought for years: consolidation i......
Financing an MBA, With Help From Mom an...
Published:Fri, 27 May 2011 05:08:41 -0700
Daniel Wesley knew as soon as he started applying to business school that he wanted to avoid student loans. Hed already racked up about $45,000 in loans from his undergraduate day......
Board Says No Thanks...
Published:Thu, 09 Jun 2011 18:37:17 -0700
The tone of the comments presented to the Warren County School Districts board of directors Wednesday evening was much different than at a previous meeting.......
School board member asks for no cuts...
Published:Wed, 08 Jun 2011 03:00:00 -0700
Burke County Board of Education member Buddy Armour made a personal plea Tuesday to the Burke County Board of Commissioners during a public hearing regarding the proposed fiscal y......
Oh yeah, I have loans...
Published:Fri, 03 Jun 2011 17:14:21 -0700
By: Sierra PannabeckerHandling debt after graduation For students about to graduate, the specter of loan repayment and accrued interest can be terrifying. .........
School board OK’s shared services stu...
Published:Thu, 09 Jun 2011 23:27:12 -0700
CATSKILL — The Catskill Central School Board approved the district’s participation Wednesday night in a multi-district study to see where cost-savings can be found by sharing ......
