One Stop Shopping Online - Comfortable and Enjoyable shopping from your home!
 

HOME
ARTS
BABY GIFTS & ITEMS
BOOKS & MAGAZINES
CAMERA & PHOTO
COMPUTERS
DVDs
ELECTRONICS
HEALTH & BEAUTY
INDOOR LIVING
KITCHEN & HOUSE WARES
OUTDOOR LIVING
PHONE CARDS
POPULAR MUSIC
SOFTWARE
SPORTS
TOOLS & HARDWARE
SATELLITE TV
VACATIONS
TRAVEL
VIDEO & VIDEO GAMES
CREDIT CARDS
GIFTS
INSURANCE
LOANS
CREDIT REPORTS
PRIVACY POLICY
 

 

One Stop Shopping Online

 

Consolidation Loans help students

 

Consolidation loans help students and parents to consolidate several types of federal student loans into one loan. Consolidation loans simplify repayment of loans by students and parents. Even if a student has just one loan, this loan can be consolidated into a direct consolidation loan and get benefits such as flexible repayment options. Interest on consolidation loans may be lower than what one is paying on any one and more of the existing loans. Even defaulters are eligible for consolidation loans if certain conditions are met.

 

Both the Direct Loan Program and the FFEL (Federal Family Education Loan) Program offer consolidation loans. Direct Consolidation Loans are available from the U.S. Department of Education. FFEL Consolidation Loans are available from participating lenders such as banks, credit unions, and savings and loan associations. Most federal student loans and PLUS Loans can be consolidated.

 

Loans that are consolidated into a Direct Consolidation Loan fall into one of three categories:

  • Direct Subsidized Consolidation Loans

  • Direct Unsubsidized Consolidation Loans

  • Direct PLUS Consolidation Loans

If you have loans from more than one category, you still have only one Direct Consolidation Loan and make only one monthly payment. However, interest rates are different depending on the loan category. Similarly repayment and deferment options for the borrower. For Direct Subsidized and Unsubsidized Consolidation Loans, the interest rate is variable but cannot exceed 8.25 percent. For Direct PLUS Consolidation Loans, the interest rate is also variable and may not exceed 9 percent. These interest rates are adjusted each year on July 1.

 

We have searched the internet and presented here links to various internet sources that give information on loans to consolidate debt, home equity loans, car loans, mortgage loans, personal loans, credit cards and credit reports. Click through these links and understand the terms and conditions before applying for any of these loans, credit cards and credit reports.

 

 SITE MAP          Articles on Loans and credit cards 1

Articles on Loans and credit cards 2

Articles on gifts

©2004 one-stop-shopping-online.com. All Rights Reserved.

IMPORTANT: We try our best to make sure that the information which we provide you is accurate. Any product you buy through this website is bound by the terms and conditions of the merchants you are buying from and we are NOT LIABLE for any losses or damages that arise due to your transactions with the merchants.