| Whether you are a student still in school or a new | | | | student debts with so you know up front what you |
| graduate facing a whole new life, one thing most of | | | | can comfortably afford to do next.Is a student loan |
| you have in common are the student loans you or | | | | refinance right for me?If you're a new graduate, in |
| your family took on to put you through college. For | | | | most cases refinancing your student loans before all |
| those of you still in school the sooner you prepare | | | | the payments come due is the best choice to make |
| yourselves for how you will pay for your loans after | | | | especially if securing your finances with a high paying |
| graduation and understanding what your options are, | | | | job may not happen right away.A student loan |
| the better prepared you will be to take appropriate | | | | refinance can save you hundreds and sometimes |
| action before you get in over your head. Securing a | | | | thousands of dollars before you ever start paying for |
| good job paying enough to cover your living expenses | | | | all your loans. Waiting till your in financial distress is not |
| and your student loans doesn't always happen as | | | | the way to approach this situation. Student loan |
| quickly as most graduates had hoped.For new | | | | refinancing is only available to students and graduates |
| graduates with student loan grace periods due to | | | | who have never been late on their student loan |
| expire, the thoughts of a student loan refinance or | | | | payments or pay them on time.Once you're in default |
| consolidation may be whirling inside your head - "Should | | | | on a loan payment the chance of obtaining a student |
| I refinance my student loans? Where do I start? Who | | | | loan refinance is slim at best.The only time a you |
| do I contact and which option is best..?Whatever your | | | | should hesitate to refinance is if your present loans are |
| circumstances may be, there are things you can do to | | | | close to being paid off. The one set back to |
| make a student loan refinance much easier. The | | | | refinancing student loans is the fact that it extends the |
| following answers to the most common questions will | | | | time till the loan is paid off. Sometimes as long as 15 to |
| help get you started.What should I do first?1) Find out | | | | 20 years!While it's true choosing the student loan |
| what kind and how many loans you presently have. | | | | refinance option will give you extra money that you |
| To do so you can either review your loan documents, | | | | may need now, it may not be worth it in the long run if |
| contact your the lenders of each student loan, or you | | | | you are close to paying off the loans you have.Once |
| can obtain the information online by visiting the US | | | | you have gone through this checklist you'll be ready to |
| Department Of Education National Student Loan Data | | | | apply for a student loan refinance easily. With all your |
| System - (NSLDS) They allow you access to | | | | information you need to begin in hand, you can now |
| information on loan amounts and the status of your | | | | proceed to choosing a lender Who do I contact?The |
| student loans.2) Find out the "Grace Period" of each of | | | | best place to start is with your current lender as they |
| your student loans so you know exactly how much | | | | already have your information to begin a student loan |
| and when your first payment is due for each loan.3) | | | | refinance for you right away. Remember, the deadline |
| Figure out your finances ahead of time, before you | | | | for locking in the lowest rate you will be able to get for |
| attempt to file for a student loan refinance. You must | | | | some time to come is June 30th, 2006. The interest |
| first determine whether your monthly loan payments | | | | rate hike the US Senate put into place takes effect |
| exceed the amount you have set aside to pay your | | | | the following day on July 1st. |