Start Obama plan consolidating student loans

Obama plan consolidating student loans

More and more student loans are becoming the most problematic debt anyone can own.

So, for instance: If the average comes to 6.15%, your new interest rate will be 6.25%.

Additionally, you’ll get a new loan term ranging from 10 to 30 years.

Fortunately, you can take advantage of federal financial aid regardless of your credit history.

Private student loans may be trickier to get, but you definitely have some options.

Student debt has reached an all-time high in the U. of late, with an estimated 40 million people now owing an average balance of $29,000, according to credit report company Experian.

With student loans soaring, debt-saddled students and graduates are desperate for any strategy that may help them escape their burden.

Depending on the school you choose, you could easily pay twice as much (or even three or four times) for the same degree at a different school.