Academic Financial Solutions Advises Recent College Graduates to Consolidate Student Loans by July 1st, 2007
Academic Financial Solutions advises recent college graduates to consolidate student loans before July 1st, 2007, when the interest rates on student loans increase.
Tampa, FL (PRWEB) June 26, 2007 -- Academic Financial Solutions, a leading student loan consolidation company based in Tampa, Florida, advises recent college graduates to consolidate student loans before July 1st, 2007, when the interest rates on student loans increase.
"When college students graduate, they are immediately faced with many financial decisions including finding a job, a place to live and often, buying a car," says Michael Babb, President of Academic Financial Solutions. "Because of these urgent needs, most graduates don't realize that by consolidating their loans, they improve their credit as well as save themselves money each month to meet these expenses."
The first step in their transition from college to career should be to consolidate student loans. Graduates with multiple federal loans, including Stafford, Graduate PLUS and Perkins loans, can experience real savings and typically, the more they owe, the more they'll save each month. Consolidation usually results in a single monthly payment with a low, fixed interest rate (as opposed to multiple payments with costly, variable rates).
"Student loan borrowers should understand that consolidating their loans is definitely in their best interest," said Michael Babb. "Having one single loan and a lower monthly payment improves their credit and frees up cash to pay for the things they need when they first graduate from college."
It should be noted that interest rates on student loans are due to increase on July 1st, 2007. Individuals considering consolidating their loans should do so before midnight on June 30th to lock in the current lower rate.
"With the student loan rate increase only days away, we have updated our E-Signature platform to assist borrowers with their applications," Babb continued. "The new process takes only a few minutes and can save the borrower thousands."
Based in Tampa, Florida, Academic Financial Solutions has saved federal student loan holders millions of dollars by reducing their payments through consolidation. For more information on how to consolidate student loans, call toll free 1-866-523-1474 or visit www.AcademicFinancial.com.
For more information, contact:
David Atkinson
Academic Financial Solutions
813-830-7906 x224
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/U2luZy1JbnNlLUZhbHUtQ291cC1UaGlyLVplcm8=
Bookmark -
Del.icio.us |
Digg |
Furl It |
Spurl |
RawSugar |
Simpy |
Shadows |
Blink It |
My Web
|
Share The News
Submit this press release easily to any of these major bookmarking and social media sites.