首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Consolidating your student loans isn’t the no-brainer it used to be. So instead of racing to the bank, new grads should take som
Consolidating your student loans isn’t the no-brainer it used to be. So instead of racing to the bank, new grads should take som
admin
2018-06-06
63
问题
Consolidating your student loans isn’t the no-brainer it used to be. So instead of racing to the bank, new grads should take some time to figure out whether consolidation works for them, and approach it carefully. Here are some considerations.
1. What’s your rate, and is it fixed?
In a college loan consolidation, your original loans are paid off and bundled together in a new loan, much as a mortgage and a home equity line might be bundled together into a new mortgage with a home refinancing. The rate on the new loan is fixed. It’s a weighted average of the interest rates of the loans being consolidated, rounded up to the nearest 0.125 percent. Students who graduated this spring are most likely to have a mix of variable and fixed-rate loans. Students who already did loan consolidations in the last two years while they were still in college, might already have a portfolio of low-cost fixed-rate loans and not find it worthwhile to reconsolidate just to get everything wrapped up into one loan.
2. Timing matters.
New graduates will find some advantages in consolidating if they do it within six months of getting their diploma. They are in what’s called a grace period that gives them a price break and six months to start repaying their loans. For these new graduates, the variable-rate loans are at 6.54 percent and the fixed-rate loan is at 6.8 percent. On July 1, their variable rate goes up to 6.62 percent. But when they move out of the grace period and start repayment, their loan rates will adjust up to 7.22 percent. By consolidating before then, they can lock in the lower rate. Typically, repayment starts immediately on consolidated loans, but borrowers can ask the lender to hold the loan package until the end of the 6-month grace period.
3. The bottom line matters, too.
New grads like to consolidate because it can stretch out their repayment period for as long as 20 years and cut as much as 50 percent off of their monthly payments. That might be especially useful for grads who are entering low-paying professions, but in the long run a longer loan can cost a lot more in interest payments, even if the rates are lower. To figure out your bottom line, ask your lender to estimate your total interest payments on your loans or do it yourself with an online loan calculator(you can find a slew of them at
http://www.finaid.org/calculators/
, or check
http://www.salliemae.com/repaymentoptimizer).
Do a similar calculation on the proposed loan consolidation.
4. Competition matters.
While rates on these federally backed loans are fixed, lenders do have leeway to offer incentives, and most do. Some cut your rate if you agree to have payments automatically debited from your checking account, or if you establish a history of paying on time. That later break often doesn’t kick in for three or four years, though, so remember to discount its value. No lenders are allowed to charge fees on federal student loan consolidations and none are permitted to have prepayment penalties, so shop around for the best discounts and services. Some places to price consolidation loans are
http://www.salliemae.com/consolidation:
http://www.mvrichuncle.com
, and
http://www.graduateleverage.com.
More information about places to price consolidation loans is available at website______.
选项
A、
http://www.salliemae.com/repaymentoptimizer
B、
http://www.myrichuncle.net
C、
http://www.salliemae.com/consolidation
D、
http://www.graduate.com/leverage
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/fESO777K
本试题收录于:
NAETI中级口译笔试题库外语翻译证书(NAETI)分类
0
NAETI中级口译笔试
外语翻译证书(NAETI)
相关试题推荐
Tofetchwaterbeforebreakfastseemed,tothevillagers,aruleneverhavebroken.
Infact,morethan75percentofallmajorcorporationsreportthattheymonitortheiremployees’useofE-mailandInternetacc
Ifyouwantto______fromthedisease,youmustrestwellandfollowthedoctor’sadvices.
ThegovernmentisgettingnothingdonebecauseBrexitoccupiesmostoftheirconsiderablecapacityforinternecinewarfare.
Throughreceivingfinancialsupportfromfamily,communityorthegovernment,isallowed,itisneveradmired.
WorldWaterShortageAnewstudywarnsthataboutthirtypercentoftheworld’speoplemaynothaveenoughwaterbytheyear
Expressionismisanartisticstyleinwhichtheartistseekstodepictnotobjectiverealitybutratherthesubjectiveemotions
当年为了实现乌拉圭回合,各个成员费了很大劲儿,但事后的结果并不乐观,世界经济更不平衡,两极分化越加严重。面对这一现象,发展中国家不能容忍,发达国家也感到了危机。正因为如此,大家才把多哈回合定为发展回合。这是WTO历史上巨大的进步,也是各个成员富有远见的选择
Tourismrepresentsakindofpopularandpleasantactivitythatcombinessightseeing,recreationandhealthcare.Tourismhasbe
在某些职业中,如设计、翻译、计算机编程,远程上下班现在已成为可能。人们可以整周或一周好几天在家工作,通过电脑、电话、传真进行交流。这个做法的优势之一便是它可以使人们免受上下班路途带来的压力。它允许人们规划自己的时间。而从另一个角度来讲,对有些人来说,当他们
随机试题
Theytook______(effect)measurestopreventpoisonousgasesfromescaping.
A.1%盐酸乙醇B.Verocay液C.Lugol碘溶液D.0.25%高锰酸钾E.稀氨水脱汞盐结晶
下面哪个是牙髓感染的特有病原菌
下列关于国债流动性和收益情况的说法,正确的有()。
根据增值税法律制度的规定,增值税一般纳税人提供的下列服务中,适用6%税率的是()。
社会工作研究对象主要是( )。
地壳中含量最多的金属元素是()。
①就是鸟语,也似乎琐碎而单薄,需要屋里的寂静来做衬托②到处是给太阳晒得懒洋洋的风,不像搅动屋里沉闷的那样有生气③春天从窗外进来,人在屋子里坐不住,就从门里出去④又是春天,窗子可以常开了⑤我们因此明白,春天是该镶嵌在窗子里看的,好比画配了框子⑥不过
SecurityconcernshavepromptedthefederaldepartmentsofStateandHomelandSecuritytotightentheprocessforissuingvisas
【F1】Watercoloristheoldestpaintingmediumknown.Itdatesbacktotheearlycavedwellerswhodiscoveredtheycouldaddlifel
最新回复
(
0
)