Financial Aid News, October 2007 Issue
Financial Aid News, October 2007 Issue
A Publication of the Student Loan Network
This month, we introduce you to private student loan consolidation strategies, plus a bevy of blog posts, including a podcast episode about how what you put on Facebook could end up for sale on someone else’s web site - and you can’t do a thing about it.As always, if you have comments or questions, please give us a call toll-free at (877) 328-1565. If you know someone who should be getting this newsletter but isn’t, please forward them a copy!Christopher Penn, Editor
http://www.FinancialAidNews.com
http://www.StudentLoanNetwork.com
Featured SLN Announcement
Get the Financial Aid Podcast by email - no iPod necessary! The Financial Aid Podcast is daily, free internet radio covering scholarships, financial aid, personal finance, career advice, and more. Don’t want to bother with iTunes, RSS, or technical stuff? Get the podcast delivered to you by email instead. Each episode will be emailed with a link to the MP3, which you can listen to at your convenience, wherever and whenever you want. FOr more information, visit:http://www.FinancialAidPodcast.com/email
Featured Article: Introducing Private Student Loan Consolidation
One of the most requested loan products at the Student Loan Network is private student loan consolidation, for students who have taken out non-government student loans to pay for the cost of education. Private student loans are one of the fastest growing ways to pay for college, but once you’ve graduated, they’re also one of the tougher bills to pay because of higher interest rates and larger loan balances.The Student Loan Network’s new private student loan consolidation service - offered at www.StudentLoanConsolidator.com/private - allows you to consolidate all of your private education debt and reduce your monthly payments by up to 45% in just the first year alone.Here are two repayment examples to illustrate the difference that private student loan consolidation can make in your monthly budget:
If you have $30,000 in private student loans…
… before consolidation, your estimated monthly payment would be about $289/month
… after consolidation, your estimated monthly payment would be about $158/month
If you have $50,000 in private student loans…
… before consolidation, your estimated monthly payment would be about $482/month
… after consolidation, your estimated monthly payment would be about $264/month
As with federal student loan consolidation, our private student loan consolidation service allows you to reduce your monthly payments long enough to let you get on your feet financially after school, land that first job, find a place to live, without the stress of larger than necessary student loan payments. As time goes on, assuming your career and life improve, you’ll be able to afford to pay off more of your student loans, and ideally be able to pay off your consolidated student loans quickly.
To learn more about our service, please visit:
http://www.StudentLoanConsolidator.com/private
or call toll-free (866) 496-5787 to speak with someone about the details.
Last Words: Selections from Student Loan Network Experts
Listen to this episode of the Financial Aid Podcast as I discuss just how much of your life you sign away under Facebook’s Terms of Service:
http://www.financialaidpodcast.com/2007/09/18/fap628-facebook-owns-your-life-private-student-loans-rebecca-loebe/Monique Leonard has a great two-part rant on scholarships:
http://parentstudentloans.wordpress.com/2007/09/17/scholarship-soap-box-part-1/
http://parentstudentloans.wordpress.com/2007/09/18/scholarship-soap-box-part-2/Jennifer Roberts details what happens behind the scenes at the financial aid office:
http://www.gradloans.com/graduate-financial-aid-blog/2007/09/17/47/
Jon Rudy details why borrower benefits for federal student loans are going away:
http://www.studentloanconsolidator.com/student-loan-consolidation-blog/2007/09/12/farewell-borrower-benefits/
Please take a moment to rate these blog posts and many more at Financial Aid News Stories (FANS)!
http://www.FinancialAidNews.com/fans/
Scholarships
Be sure you’ve registered for Scholarship Points, our free college scholarship awards site. Every month, we draw a lucky recipient for $250; every quarter, we draw a lucky recipient for $1,000. Visit:
http://www.ScholarshipPoints.comRemember, you can get daily scholarship updates by listening to the Financial Aid Podcast and visiting the Student Scholarship Search web site!http://www.StudentScholarshipSearch.com
http://www.FinancialAidPodcast.com
A Word from our Sponsors
Looking for tutorials about the FAFSA? Be sure to visit FAFSA Online, the Internet’s best FAFSA resource!http://www.FAFSAonline.com
The Very Last Word
Missed an issue? Did you remember a scholarship but can’t find the back issue? Want to tell a friend about the newsletter? You can always find back issues of the Financial Aid Newsletter at:* http://www.FinancialAidNews.comThe Student Financial Aid News is a publication of the Student Loan
Network. Copyright (c) 1998 - 2007, the Student Loan Network. 1250 Hancock St, Suite 703N, Quincy, MA 02169
and on the web at:
http://www.StudentLoanNetwork.comiPod and iTunes are registered trademarks of Apple Computer, Inc.
The End