| NextStudent Encourages Recent Graduates to Start Off Student Loan Repayment by Consolidating
Students who graduated in May with student loans may be facing six-month grace periods that are ending sometime this month. Once those grace periods end, graduates will be entering repayment on those loans. With multiple student loans in repayment, graduates will likely be juggling multiple bills, multiple due dates, and multiple monthly payments. To help make their student loan repayment easier to manage, NextStudent, a leading Phoenix-based education funding company, encourages May graduates to consider consolidating their eligible federal student loans with a Federal Consolidation Loan. .
Mark McCrocklin: Take control of college debt
Has lingering college debt kept you from getting on your feet financially? If so, you're probably not alone.
According to the Project on Student Debt from the National Center for Education Statistics' 2003-04 Postsecondary Student Aid Study, nearly two-thirds of college graduates racked up student loan debt by the time they earned their diploma.
.
Advertisement starts
Some 24 percent of 18 to 24-year-olds consider taking on debt to go to university pointless and 26 percent of parents aged 45-54 agree, the poll of 2,271 people shows. Universities Secretary John Denham announced earlier this month that about 50,000 more students every year will benefit from full maintenance grants worth over 2,800 pounds to help them make ends meet while they study. Graduates will be able to take a break from repaying their loans for up to five years to help them buy a house or start a family, he added. However, the National Union of Students says that tuition fees and rising living costs mean students can leave university in up to 30,000 pounds of debt. Against this backdrop, 82 percent of young people surveyed by Engage Mutual say they recognise the importance of going without today to save for tomorrow, compared to 61 percent of grandparents.
Defaults may spark big loss for insurers: Barclays
NEW YORK (Reuters) - Bond insurers may suffer "an appreciable loss" due to their exposure to subprime mortgage debt, putting at risk their top rating that is critical to their business, Barclays Capital said on Friday. Monoline bond insurers have guaranteed collateralized debt obligations backed by subprime mortgages, said Barclays analysts. Those securities are deteriorating in value, exposing the insurers to potential losses. .
|
