When you have decided to go for consolidating your student loans, you need to know about the current student loans consolidation rates so that you are able to take the right decision. Usually the rate of interest for the student loan consolidation is calculated as the weighted average on the current loans of that person and if it could be summarized it is nearly one eighth of a percent. However, how much you will need to pay also depends on other terms of the lender. So, along with the rate of interest on the consolidated loan, you have to find out the details of other terms too. You should be completing aware of the terms and conditions and the charges and penalties that are imposed on certain specific circumstances. When you are familiar
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Putting off important life events, because the money (after paying all of those student loan bills) just isn't there? Take heart, you are not alone. According to Michael T. Snyder, author of the blog appropriately titled The Economic Collapse, two-thirds of all college graduates carry student loans. The average amount of student loan debt is $25,000, and for many students who had to rely on financial aid the numbers are significantly higher. Add to that the fact that US university tuition has increased 900%, and you can see why so many Americans are desperate for help. This desperation is increased when you realize that, other than death or a few other grisly options, student loan is with you forever. There is no discharge in bankruptcy (as there would be if you had irresponsibly charged a fortune on credit cards), nor is there an effective way to utilize a credit counseling service to minimize student loan debt. In short, the government loan sharks circle, and the financial aid borrowers are the ones who get bitten. With all of the college students in the US, that's a lot of biting. The numbers are not only staggering, they can also be downright heart-wrenching. Hearing story after story from people who attempted to better their lives through education, only to wind up buried in debt, is enough to make any young person think twice about attending college. Tales of moving back home with parents, thousand dollar monthly payments, defaults, rising interest rates, homelessness, harassment by lenders, divorces from the stress, postponement of life events, and even suicide contemplations make this topic morbid and overwhelming. The silver lining to this dark cloud of student loan debt comes to us from a man by the name of Robert Applebaum; a pioneer who boldly set out to change things a few years ago. He has kept up the fight, and is making some serious waves with his movement. In fact, thanks to Applebaum, Rep. Hansen Clarke has
Putting off important life events, because the money (after paying all of those student loan bills) just isn't there? Take heart, you are not alone. According to Michael T. Snyder, author of the blog appropriately titled The Economic Collapse, two-thirds of all college graduates carry student loans. The average amount of student loan debt is $25,000, and for many students who had to rely on financial aid the numbers are significantly higher. Add to that the fact that US university tuition has increased 900%, and you can see why so many Americans are desperate for help. This desperation is increased when you realize that, other than death or a few other grisly options, student loan is with you forever. There is no discharge in bankruptcy (as there would be if you had irresponsibly charged a fortune on credit cards), nor is there an effective way to utilize a credit counseling service to minimize student loan debt. In short, the government loan sharks circle, and the financial aid borrowers are the ones who get bitten. With all of the college students in the US, that's a lot of biting. The numbers are not only staggering, they can also be downright heart-wrenching. Hearing story after story from people who attempted to better their lives through education, only to wind up buried in debt, is enough to make any young person think twice about attending college. Tales of moving back home with parents, thousand dollar monthly payments, defaults, rising interest rates, homelessness, harassment by lenders, divorces from the stress, postponement of life events, and even suicide contemplations make this topic morbid and overwhelming. The silver lining to this dark cloud of student loan debt comes to us from a man by the name of Robert Applebaum; a pioneer who boldly set out to change things a few years ago. He has kept up the fight, and is making some serious waves with his movement. In fact, thanks to Applebaum, Rep. Hansen Clarke has