Banks Can Base Education Loans

Banks are also looking to restructure education loans that have gone sour. Indian Bank is exploring the option of giving one-year relaxation to students for repayment towards their loans.

Tuesday, September 21, 2010

Gaining An Education From Home

A lot of us probably want to advance our education and learning or search for more expertise by earning a master's degree. Due to change in lifestyle and the unstable economy, it can make it quite challenging to pursue advanced schooling, especially for all those individuals who have families and full-time jobs. In addition to this, enrolling in an Ivy League University, regular universities and colleges need a lot of your time, which is not possible if you have got a regular career. Since there...

Wednesday, September 1, 2010

Government Student Loan Consolidation Simplified

Loan consolidation is simply taking out the existing loans from lenders and pooling them into a single loan. Taking out means the consolidator pays each lender a balloon payment for the outstanding loan balance, thus assuming the loan risks. The consolidator then restructures the loan, resulting in lower repayment amounts, but usually a longer payment term. However, a consolidator may maintain or even lessen the rates, depending on the creditworthiness of the loan grantee. The terms vary on a case-to-case...

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