If you’re a former student or a college parent with any outstanding federal student loans, you may be able to get up to 20 more years to repay just by consolidating your eligible federal parent or student loans. With that longer repayment term, since you have more time to repay, the amount you have to pay each month will typically go down. You may be able to cut your monthly student loan payments by up to 42% — just by consolidating!

Cut Your Payments on Your Student Loans by up to 42%

Here’s an example of how you can lower your monthly student loan payments when you consolidate your federal college loans and take advantage of a longer repayment term: Estimated monthly payments on a $75,000 student loan consolidation fixed at 7.25% and repaid over an extended term of 30 years are $512, versus estimated monthly payments of $879 on a $75,000 Federal Stafford Loan issued at 7.22% and repaid over 10 years — that’s a 41.8% reduction in monthly payment amount. (Your actual payment reduction may vary and will depend on the terms of the parent or student loans you’re consolidating.)

Get More Time to Repay Your Student Loans

Federal PLUS parent loans and Stafford student loans are issued with standard repayment terms of 10 years. You may be able to get up to 30 years to repay these federal parent and student loans when you consolidate them into a student loan consolidation.

How long you get to repay will depend on the total outstanding balance of your education debt: If your outstanding education debt totals $20,000 – $39,999, you’ll have 20 years to pay back your student loan consolidation.? If your outstanding education debt totals $40,000 – $59,999, you’ll have 25 years. If you have $60,000 or more in education debt when you consolidate your federal student loans, you’ll have 30 years to pay back your Federal student loan consolidation.

No Fees. No Credit Checks. No Prepayment Penalties.

Even though you can get more time to repay your federal parent and student loans by consolidating, there are no prepayment penalties on a Federal Consolidation Loan, so you won’t be assessed any additional fees for paying more than the minimum each month or for paying off your student loan consolidation early, should you choose to.

There are also no application fees, no processing fees, and no credit checks when you consolidate through the federal student loan consolidation program.

Replace Your Variable-Rate Student Loans With a Fixed-Rate Consolidation Loan

If you took out your Federal PLUS Loans or Stafford Loans prior to July 1, 2006, those loans are subject to variable interest rates that will adjust every year. So when interest rates rise, your monthly student loan payments may also go up. But you can put an end to rate increases and rising payments when you consolidate your parent or student loans.

The federal student loan consolidation program gives you the security of a fixed interest rate. By consolidating your federal

student loans, you’ll replace your variable-rate college loans with a fixed-rate consolidation loan, so you won’t have to worry about interest rates rising and leaving you guessing about your monthly payment amount.

Make Just One Payment for All Your Federal Student Loans

If you have multiple student loans in repayment and you’re dealing with the hassle of multiple bills, multiple due dates, and multiple monthly payments to multiple lenders, a Federal Consolidation Loan could help make your student loan repayment easier to manage.

With the federal student loan consolidation program, you can bundle all your eligible federal parent or student loans into one single consolidation loan with just one monthly bill, one lender, and one monthly payment that’s fixed for the life of your consolidation loan.

Consolidate Your Private Student Loans

If you have private student loans in addition to your federal student loans, you won’t be able to consolidate your private student loans under the federal student loan consolidation program. But you may be able to consolidate your private student loans separately with a Private Consolidation Loan, which offers the same convenience of a single consolidated loan for your private student loans.

By: Jeff Mictabor

When it comes to motorcycle accidents you’re talking about one of the most serious types of accidents that can occur related to moving vehicles. Motorcycle accidents usually result in very serious injuries if not fatalities. According to the National Center for Statistics & Analysis in 2005 4,553 motorcyclists were killed with an additional 87,000 injured in the United States; these means 5% of all motorcycle accidents result in death. Unlike common belief, less than one forth of all motorcycle accidents aren’t due to negligence of the motorcyclist. Majority of the people involved in motorcycle accidents receive serious injuries and the lawsuits related to motorcycle accidents can take years to reach a verdict.

How does someone injured severely in a motorcycle accident financially support themselves during the long process of their lawsuit? One answer is a lawsuit settlement loan. Lawsuit settlement loan providers understand that a motorcycle accident can leave the motorcyclist severely injured and unable to work; in this same process since they are injured and cannot work it’s impossible for them to keep up with bills; including medical bills, mortgages, car payments, etc. Due to that specific reason many plaintiffs in motorcycle accident lawsuits seek settlement loans to get cash to financial survive during their pending lawsuit.

Your probably wonder, “What is a lawsuit settlement loan?”. It’s really a simple concept; it’s when a settlement loan provider gives you a monetary loan based on your motorcycle accident lawsuit. They review the case and speak with your attorney to see how sound the pending lawsuit is against the defendant and then determine how much money the plaintiff can be loaned. You can specifically ask for a certain amount in a settlement loan, or ask how much money you could be loaned if a lawsuit loan is required. This is a great option for a plaintiff who was seriously injured in a motorcycle accident due to the negligence of another driver.

The absolute best part of a lawsuit settlement loan is the fact it is not really a loan. It is actually a non-recourse debt; this is due to the fact that if you lose your pending lawsuit you are not required to pay back the settlement loan. That’s right, you “ARE NOT” liable to pay back the money they provided you unless you “WIN” your lawsuit. Another interesting fact is your credit history, employment history and income do not play any role in the approve process of a settlement loan. So, if you’re in the middle of a motorcycle accident and need access to cash why not consider a lawsuit settlement loan. You can learn more about lawsuit loans for motorcycle lawsuit cases below.

By: Legal Settlement Loans