Category Archives: Blog
Student Loan rates are about to double?
According to a recent article from the Huffington Post, tuition rates at four-year colleges and universities have risen over 32 percent in the last decade, and last year Americans took out more than $100 billion in student loans for the first time in our history. Student loan debt now exceeds credit card debt in the United States, creating an immense burden that will last years after graduation.
The problem will only get worse if Congress does not act soon. On July 1, 2012, student loan rates on subsidized Stafford student loans — one of the few programs that is affordable for students and families — will double, from 3.4 to 6.8 percent. In no uncertain terms, this would be another hit to middle-class and working-families, and a de facto tax increase on as many as 10 million people.
According to the non-partisan U.S. Public Interest Research Groups (PIRG), if Congress does nothing, borrowers taking out the maximum $23,000 in subsidized student loans will see their interest balloon by an estimated $5,000 over a 10-year repayment period and $11,000 over a 20-year repayment period.
Making college more affordable is one of the best investments our nation can make in America’s economic future.Â Call/write your Congressman!
Student Loan Debtors
The Project on Student Debt’s report included a list of schools with the highest student loan debtors. Students of the private schools listed below graduated with debt ranging from $40,400 to $55,250. public universities that produce graduates with the most debt. The public school debt ranged from $29,800 to $45,350.
That’s mind boggling!
Got Student Loans?
Calling all Graduates
New Private Student Loan Consolidation Calculator
A new feature on the Cedar Education website, the Private Student Loan Consolidation Calculator helps applicants better understand their potential savings and whether or not consolidation is the right choice for them. The calculator uses an applicant’s remaining loan balance and existing monthly payments to estimate the impact of a private consolidation loan on their monthly finances.
New Website Design- Cedar Education Lending
Well, it’s official Cedar Education Lending has a new site design. We hope that our investment will help make it even easier to acquire private student loans and private student loan consolidations from Cedar Education Lending.
Our mission is to offer private funding options to students currently pursuing a degree, as well as recent primary or postsecondary graduates to supplement Federal Loan programs. Our private student loans offer competitive rates as well as attractive borrower benefits.
Please contact us today!