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Types of Student Loans

Using student loans to help pay for college is usually a good idea as an investment in your future. Student loans are generally a good deal. You get below-market interest rates, and you also get a $2,500 federal tax credit on interest paid over any period of time. After you graduate, you will have a higher paying career. The federal government education loan program of $50 billion provides the la...More on Wells Fargo Education Loan

Private Student Loan Consolidation

Private student loan consolidation makes it possible to combine all of your private student loans debt into one loan. That means that you could go from having many monthly payments to just one. Because most private student loan consolidation programs allow you to spread out the payback period over 15, 20 or even 30 years, you could lower your monthly payments by hundreds of dollars. This is especi...More on Wells Fargo Education Loan

How To Consolidate Student Loans If You Have Bad Credit

Millions of Americans borrow money through student loans each year. After they graduate, they can end up with multiple student loans. Many consolidate education loans to pay off high interest loans to cut their monthly expenses. Many of these borrowers have less than desirable credit. Others wish to avoid a bad credit rating and the cost of delinquent and defaulted student loans. Federal Consolid...More on Wells Fargo Education Loan

Using Student Loans To Pay For College

Student loans are one way to get the money you need for your education. Student loans are different than grants and scholarships because they have to be repaid. Therefore, it is to your advantage to secure other sources of funding for your education such as grants, scholarships, work study, and internships to hold down the amount you will need to repay. Some student loans are based on income and ...More on Wells Fargo Education Loan

Types of Student Loans That Can Be Consolidated

Most federal student loans are eligible for a US Department of Education loan consolidation, including subsidized and unsubsidized Direct and FFEL federal Stafford Loans, Direct and FFEL federal PLUS loans, Supplemental Loans for Students (SLS), Federal Perkins Loans, Federal Nursing Loans, Health Education Assistance Loans, and some existing consolidation loans. If you are in default, you must me...More on Wells Fargo Education Loan

Repaying Student Loans

You may be feeling a little overwhelmed about repaying your student loans after you graduate, but you will be given ample time to pay back your student loans. While student loans are managed by the government, the money actually goes through a lender. When you sign your promissory note, you will see the lender's name on the note. You may notice over the course of your college years that your lo...More on Wells Fargo Education Loan

Direct Consolidation Loans

A federal Direct Consolidation Loan allows a borrower to consolidate (combine) multiple federal student loans into one loan to have a single monthly payment instead of multiple monthly payments. Before you consolidate education loans, you should carefully consider whether Department of Education student loan consolidation is the best option. Loan consolidation can simplify education loan repayment...More on Wells Fargo Education Loan

What If You Get Behind Paying Student Loans

If you have student loans and find yourself in circumstances where you are having trouble paying your bills, getting behind on your student loans can have dire consequences. Letting payments on your student loans slide even a little is not a smart choice. With only one missed payment, you are considered delinquent. You will be charged late fees to get back on track, and your nonpayment will lower ...More on Wells Fargo Education Loan

Should You Consolidate Your Student Loans

A consolidation loan is just what it sounds like. You take two or more outstanding loans and refinance them into one consolidation loan. To a college graduate swamped with multiple student loans, loan consolidation is an enticing option. When you consolidate your loans, a lending institution pays off your existing loan balances and replaces them with a new, consolidated loan. Consolidation offer...More on Wells Fargo Education Loan

ACS Education Loans

When considering the options for financing a higher education, one of the higher education loan options that you might come across is the ACS education student loan. ACS is short for Affiliated Computer Services, Inc. ACS has contract to be the primary education loan servicing provider for Student Loan Finance Corporation (SLFC) to provide education loan servicing for SLFC's federally guaranteed a...More on Wells Fargo Education Loan