header photo Atlanta 6/16/2015 1:58:15 PM
News / Education

New Student Loan Calculations Could Mean the Difference Between Financial Stability or Ruin

The new college year is close at hand and hundreds of thousands of new and existing college students and their parents are already applying for student loans. Many of the new students will find the best deals in federal student loans.

New students coming in means there are old students graduating. Students who are graduating or about to graduate need to think about how quickly they are going to have to start paying off their student loans. Student Loan Law Group is a firm that practices in South Carolina, Utah, New Jersey and Ohio, that can help students understand what they are about to face and help them navigate repaying Federal student loans.

However, there is another group of applicants, ones with parents and graduate students with good credit, that will be applying for student loans from private lenders. In the past, private lenders have become associated with high interest rates and gratuitously strict repayment terms, but are now being forced to become more borrower-friendly and could help applicants save thousands of dollars over the life of a loan.

Furthermore, some private lenders are actually allowing borrowers to refinance their existing loans at lower rates of interest.

Even if you are borrowing from one of these lenders, having the support of a firm like Student Loan Law Group could mean the difference between happy lifestyle and financial ruin. If you are applying for any student loans, Federal or private, you will need help regardless. Call Student Loan Law Group today at 888-843-1706 to help you understand what you will be facing when you graduate.