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Advantages

One Monthly Payment, Lower Monthly Payments, Longer Repayment Period, Fixed Interest Rate

Disadvantages
1. Greater Total Money Repaid - Interest accrues over a longer period when repayment period is extended.
2. Loss of Borrower Benefits - Borrower may lose cancellation benefits on Perkins Loan. Interest rate discounts and principal rebates may also be lost.

Interest Rates and Fees

The interest rate for FFEL and Direct Consolidation Loans is set according to a formula established by federal statute. The fixed rate is based on the weighed average of the interest rates on the loans at the time the borrower consolidates, rounded up to the nearest one-eighth of a percent. The interest rate does not exceed 8.25%. The consolidation rate is fixed for the life of the loan, which protects the borrower from future increases in variable rate loans but prevents them from benefiting from future decreases in variable rates. There are no application fees or prepayment penalties.

Under the FFEL Program, you can receive a Subsidized and/or an Unsubsidized FFEL Consolidation Loan, depending on the types of loans you’re consolidating. (Federal PLUS Consolidation Loans are included in the Unsubsidized FFEL Consolidation Loan category.)
Repayment

1. The Repayment begins within 60 days of the loan disbursement.

2.If Payback term ranges from 10-30 years depending on the amount of educational debt being repaid and on selected repayment options.

3.The Loans may be repaid in a shorter amount of time is borrower chooses to do so.

4. If the loan once consolidated, federal loans may not be unconsolidated. It,s true.

A Students Consolidation Loan is thus which can simplify the loan repayment process by allowing the borrower to combine many types of federal student loans and repayment schedules into one.
The repayment process is simplified because only one payment must be made each month. Often, the interest rate on the Consolidation Loan is lower than what is currently paid.
Even if a borrower is in default on a federal student loan, they might be eligible for a Consolidation Loan if certain conditions are met.

Note that a lender may not refuse to consolidate your loans because of

1. The number or type of eligible loans the borrower wants to consolidate.
2. The type of school attended or presence in the type of institute.
3. The interest rate that would be charged on a consolidation loan.
4. The types of repayment schedules is available.

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3. Buy ticket in advance that can save you a lot of money.


4. Fly into a non major city and non major cities have several airports.

5. have a nice journey.

1. Be declined for a conventional loan from comarcial lender. But they may not gaurantee your funds.


2. Determine what type of loan you need and how you will spend them. Bring some information about it.

3. Make sure you give proper information and statements in the application form.

4. Make sure you and your lender will provide business.gov to begin a process a SBA loan application.

These are the steps for getting a secure home loan

1. Determine the amount of loan you need.

2. Decide the type of loan and how you will take it such as, from a bank or from a financial business administrator.

3. Establish a balance sheet of companies balance , liability, and ability.


4. Develop profit and loss summary stating companies loss , revenues, expencess in a particular period of accounting.

5. Develop a cash flow projection in a time frame in which you want to see the money to flow.

6. Contact perspective leaders and ask them for an application.

7. Finish your job but monitor properly.