Student Loan Consolidation Centers

Student Loan Consolidation No Comments

By Max Bellamy

A student loan consolidation centre allows you to combine several types of federal student loans with various repayment schedules into one loan with one monthly repayment.It is best to search for loan consolidation centers which offer minimal rates of interest. A student is qualified for a maximum of 1 percent reduction on the interest rate, if he pays on time for thirty six consecutive payments. While still attending school, students having federal direct loans are able to consolidate by means of the federal consolidation program provided by the government.

Most student consolidation loans fall into two categories. They are government student loans and private student loans. Student consolidation loan centers provide loans such as federal, Stafford, professional student loans, nursing student loans etc.

The government loan consolidation centre is providing a student loan consolidation program which allows students to consolidate outstanding education loans into a single new loan. This is not limited to a single lender. Even if multiple lenders hold the loans, one can still opt to consolidate. Two popular online student consolidation loan centers are Internet student loans centre and US student loan consolidation centre. Next student is another popular student loan consolidating centre. It is offering student loan payments lower by up to 60% or more. Sallie Mae loan consolidation centre offers federal consolidation loans. The Citibank student loan corporation is giving federal and private loan consolidation. Wachovia consolidating loan centre is giving federal Stafford loans.

Students must only consolidate loans which are of variable or changing rates such as the Stafford Loans. Never consolidate on fixed-rate loans such as Perkins loans as there won?t be any financial benefit. Interest rates for college students who are already adults or on their way to sixth month grace period will be higher.

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HOPE Scholarship-Lifetime Learning

Tax Credits for Your Tuition Payments 

In late January or early February of each year, qualified students enrolled at EvCC in the previous year receive a 1098T notification from Everett Community College. This notification is related to the federal tax credit programs called the Hope Scholarship or Lifetime Learning Tax Credit.

These tax credit programs may be claimed against federal income taxes for the payment of qualified tuition and related expenses. It is the responsibility of the student and/or individual tax payer to determine his or her eligibility and the deductible amount of tuition/fees.p>

A A college cannot provide you with tax advice, so instead of calling us, you may wish to find out if you might be eligible by reading information at these websites:

http://www.scholarshipexperts.com/signup.jsp?sourceid=2819030

You may also wish to consult the IRS or a tax accountant for assistance. Your own check receipts, credit card statements, or your own copy of your receipt showing tuition paid at the time you registered may support your claim.

Beginning at the end of January, you can review your previous year tuition costs by generating your previous class schedules via the Student Kiosk function on our website. We strongly encourage you to do this in order to doublecheck the dollar amount shown on the 1098T. We are aware that in some cases student loans may not have been calculated properly when the 1098T was printed, so it is important for you to doublecheck.

How do I get to the "HOPE Scholarship" login?

  1. Upon entering the Student Kiosk, click on “Hope Scholarship” in the left column
  2. Enter your student ID
  3. Enter your PIN
  4. Click on “View My 1098-T Data”. You may need to scroll down to see all the information. For each quarter on the list on the screen, you can click on the quarter and see more detail.

NOTE: We strongly recommend that you change your PIN number to a secret code. You can do this by selecting Student Pin Change on the menu in the left column on the Student Kiosk page.

If you believe there is an error on your 1098T, and/or if you do not have computer access you may request written information by submitting a written inquiry (with your name, student ID number, address, phone number and signature) to Administrative Services – Hope Scholarship, EvCC, 2000 Tower Street, Everett, WA 98201.