StuFund Announces 5 Percent Credit for Student Loan Consolidation
Giving borrowers the ability to obtain their benefits upfront, Student Funding Group, LLC (StuFund) will now offer students consolidating $50,000 or more of their federally guaranteed student loans a 5% loan credit. This credit will be effective after the first three loan payments have been made by the due dates as initially scheduled. Additionally, borrowers can receive a 0.25% interest rate reduction with automatic monthly payments.
Liberty Corner, NJ (PRWEB) August 16, 2007 -- Giving borrowers the ability to obtain their benefits upfront, Student Funding Group, LLC (StuFund) will now offer students consolidating $50,000 or more of their federally guaranteed student loans a 5% loan credit. This credit will be effective after the first three loan payments have been made by the due dates as initially scheduled. Additionally, borrowers can receive a 0.25% interest rate reduction with automatic monthly payments.
"StuFund is excited to be making such a phenomenal offer at this time" says Sergio Sotolongo, CEO and Chairman of StuFund. "With the amount of debt that students have accumulated, StuFund is committed to enabling students to save as much money as possible."
With student loan consolidation, borrowers will have one lower monthly payment. They can save several thousand dollars over the life of their loan. By locking in a fixed interest rate, students may extend the repayment period of the loan. Add to this additional borrower benefits and students will have a more manageable solution for handling college debt.
About StuFund
StuFund is a minority business enterprise in the educational loan space. It is built on the philosophy that each and every student can and should have access to funding for quality higher education. The company's mission is to provide loans, particularly for students who could not afford college without such financing, and to support and guide families through the financial aid process. In addition to offering educational loans for undergraduate and graduate schools and college loan consolidation, StuFund's Knowledge Center provides expert advisement on college admissions and financial aid. It hopes to address the fact that many students do not have sufficient access to college advisement in their schools. Through partnerships with Universities, Corporations, and Non Profit Organizations, StuFund hopes to educate the public about the college application process and financing options. More information is available at www.stufund.com.
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