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In the current rising interest rate environment,
July 1 is the ultimate deadline for student loan borrowers. Interest
rates on Federal Student Loans have been at historical lows for the
past few years, but that is about to change.
Student loan interest rates adjust annually.
Rates are announced at the end of May, and go into effect on July 1.
Borrowers must act now to avoid the rate hike by consolidating their
loans and permanently locking in a fixed rate as low as 4.5 percent
with an automatic payment plan; conventional payers can lock in as
low as 4.75 percent.
The personal service offered by Next Student
makes consolidating student loans fast and easy. Having a personal
loan consultant means that customers have a dedicated point of
contact to answer questions and walk them through the application
process.
Today, the average student loan borrower
owes more than $20,500 in student loan debt, which often translates
into a monthly payment of more than $220. Whether they are new
graduates or alumni, borrowers often find it challenging to manage
expenses with such high student loan payments. To minimize the
financial burden, Next Student recommends consolidation.
The Federal Consolidation Loan Program
offered by Next Student, enables borrowers to:
*Cut their monthly student loan payments by
up to 50 percent
*Combine all of their payments into one
simple and convenient monthly bill
*Reduce their interest rate when payments
are automatically deducted from a checking or savings account
*Deduct student loan interest on their
federal income taxes
Student loan interest rates are variable
until consolidated. Experts are predicting that rates will rise by
as much as 2.5 percent on July 1, 2006. Borrowers can avoid these
higher rates by consolidating now. Click on
to start the simple application process.
CONTACT US TODAY. WE CAN
HELP.
24 HOURS A DAY,
7 DAYS A WEEK
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