Sentences with phrase «clearing college debts»

This effectively means that federal loans are bought out, but the repayments are over a longer period of time (perhaps 30 years) and at a fixed interest rate to ensure the process of clearing college debts involves the lowest possible monthly repayments - in some cases 50 % lower than initial terms.

For those who are still deep in their studies, even thinking of clearing college debts can be a major distraction.

Usually the process of clearing college debts begins after graduation.

So, clearing college debts in this way translates to heightened financial pressure.

Not exact matches

It's clear that rising tertiary education costs paid by consumers — and heavy debt burdens on many who enter and persist in college — are part of the problem.

The $ 5,000 raised by refinancing the bad credit auto loan in our example can be used to clear the credit card debts, or pay an unexpected hospital bill, or used to pay college fees.

We have always been «careful», saved hard, put our kids through school and college debt free, cleared our mortgage early etc... However, over the last couple of years we have shifted a significant amount of money to our kids.

This is a highly effective way of managing college debt but bear in mind that the debt can be extended to 30 years, meaning the student loans take a lot longer to clear.

This effectively reduces the monthly repayment obligations, and repaying college debt by clearing the original loans leads to improve credit scores too.

Research is pretty clear on this: even people who go to college and end up with thousands of dollars of student debt are better off — financially and in other ways — than their peers who didn't go to college at all.

If the purpose is to clear existing debts, pay college fees or make home improvements, then the lender is much more willing to take a positive view of the application.

The principal benefits of college loan consolidation is that the initial loan debt is cleared and the terms of the new loan are much better.

To get a clear picture of what the colleges are facing, they will have to relieve the students of their student loan debt.