Carlsbad, CA (PRWEB) June 13, 2008
Despite news about financial institutions halting their student loans and student loan consolidations, there is still help available. After 51 lenders around the country have suspended their federal student loan programs, U.S. Secretary of Education Margaret Spellings recently announced the federal government's temporary plan to purchase loans from struggling lenders. StudentLoanCenter.biz, an online network offering help to those interested in getting money for college or arranging student loan refinancing, is pleased to announce this latest news in their industry.
The team at StudentLoanCenter.biz has heard quite a bit of concern from visitors about the availability of student loans and student loan consolidations since the halts in lending programs from so many financial institutions. This latest action by Secretary Spellings is good news for future Direct Student Loan borrowers, as the department also indicated that they could double their $15 billion Direct Loan program if necessary. They may also provide advances to ensure that agencies like TSAC can make emergency loans to students if no other lenders are available.
"We want students to be able to concentrate on their studies rather than worry about disruptions in the student loan market and whether they will be able to obtain federal loans to help pay for school," Spellings said in an issued statement.
The government help with these Direct Student Loan programs is definitely good news for students, although it may lead more students to take multiple loans out from various lenders to fill in the financial gaps. StudentLoanCenter.biz specializes in offering assistance with student loan consolidations, though, and will be available in the future to help students who graduate with multiple loans to pay their debts off expediently.
For more information about getting a federal student loan or student loan refinancing, visit http://www.studentloancenter.biz.
About Student Loan Center:
The team at Student Loan Center has created a Web site to help students get through college without relying on help from parents or traditional loans. Students can get a large loan at a low interest rate while finishing college without worrying about money. Student Loan Center has the experience necessary to help students with any kind of information about repayments or interest rates.
StudentLoanCenter.biz was created by a team that is dedicated to making the whole process of getting a student loan much easier, and the most important part of this is accurate information. Students can learn everything they need to know about student loans, so they can easily pick the one that suits their situation. Anyone with questions or concerns about student loans can enter their Web site to get the answers they need.