Home Add to Favorite Contact Submit  
           30 November, 2020


    
Category:  Press » Career

 

Student Loan Company Aims to Stop the Deception

Popularity:
         Views: 1643
2007-06-18 10:15:10     
Gabriel J. Adams

Before various lawsuits and complaints regarding deceptive student loan advertising came to light earlier this year, Student Assistance Foundation launched a new Web site to deflect deception and offer students a place to get their questions about student borrowing answered honestly. Stop the Deception is the nonprofit student loan company's latest effort in giving students straight and truthful answers when it comes to the often-confusing subjects of student loan debt and consolidation.

"It's particularly important for graduates to read the fine print to make sure they fully understand the terms of the loan and to make sure the company they choose has the customers' best interests in mind," said Jamie Lee, loan sales supervisor at SAF. "This site helps students to do that."

According to Lee, SAF intends to continue to expand the site to identify confusing practices in the student loan industry as they come into play in order to help students negotiate the loan process successfully.

Students may be confused and misguided about many aspects of managing and paying off private or federal student loans. Since most college loans are repaid after graduation, students may not be able to perceive the reality of their debt and engage in careless spending without consequences throughout college years. Students can get caught up in using loan money for items outside of legitimate school expenses -- like trips or pets, for example. Students are sometimes led to believe they can borrow unrealistic amounts that are far above what they can repay in a reasonable amount of time. Later in the life of the loan, when it comes time to consider student loan consolidation programs, students can become even more confused.

Student Assistance Foundation offers several tips to help stop the deception:

* Find someone you trust. Ask friends and family what they've done. Then find a trusted, knowledgeable lender with good customer service.
* Set a budget and stick to it. Learn what you can afford to borrow and don't exceed it. Then keep a record of how you intend to spend your loan.
* Do your research. If it sounds too good to be true, it probably is. Look into as many lenders as you can to compare and contrast their services and gauge their commitment to the customer.
* Get out of prison. Think of student debt like it's a prison and make it a priority to get out as soon as possible.
* Know your benefits and rates. Some low rates apply to only a few people and some benefits get pulled easier than you think. Know the terms and conditions of all money you borrow.
* Start repayment on time. Don't put off repaying your student loans. Get into the habit of making more than the minimum payment.

To get straight answers about student loans visit www.stopthedeception.org or call Student Assistance Foundation at (800) 852-2761 ext. 9750.

About Student Assistant Foundation
Student Assistance Foundation is a Montana-based, nonprofit organization that provides students and families nationwide with the knowledge and tools to finance and pursue postsecondary education. Student Assistance Foundation offers a wide range of programs including grants, community outreach, student loan consolidation, counseling and training on education finance planning.

Specialized in: Student - Aims
URL: http://www.stopthedeception.org
Print press release      Bookmark this page
Related Press releases 
IV Therapy Course likely to be necessary for healthcare professionals (Popularity: ): 8th January, 2014— In an effort to make the healthcare sector perform better there is a consideration of making IV therapy course mandatory for healthcare professionals. It is needless to mention that healthcare professionals and especially nurses have to be versatile in both traditional treatment procedures and modern technical approaches. Hence there is no room for compromising with the quality of the service. Intra Venous therapy that deals with injecting ...
Netelligence Inc. And Paul Crane Launches AllJobTraining.com (Popularity: ): Ontario, Canada - Netelligence Inc. And Paul Crane are proud to announce the launch of a brand new web site, AllJobTraining.com, a website devoted to job training and job certification information, on January 1, 2012.   AllJobTraining will provide details on the training and certification requirements on a wide range of possible career opportunities; from construction to medical billing, from firefighter to phlebotomist. The site’s focus will be mainly on trades and entry level jobs in the medical ...
Employers Reveal Outrageous and Common Mistakes Candidates Made in Job Interviews, According to New CareerBuilder Survey (Popularity: ): With competition for open positions remaining high, the added pressure and stress may be causing some job seekers to make unnecessary mistakes during their interviews that could cost them the job. A new nationwide CareerBuilder survey of more than 2,400 hiring managers conducted November 15 to December 2, 2010 reveals the outrageous and common mistakes that some candidates have made in job interviews.When asked what the most outrageous blunders they ...
More Than Four-in-Ten Workers Over the Age of 35 Currently Work for a Younger Boss, Finds New CareerBuilder Survey (Popularity: ): As generations continue to mix in the workplace, many older workers are reporting to younger bosses. A new CareerBuilder survey finds that 43 percent of workers ages 35 and older said they currently work for someone younger than them. Breaking down age groups, more than half (53 percent) of workers ages 45 and up said they have a boss younger than them, followed by 69 percent of workers ages 55 ...
Economical and Easy to Use Testing Kits from DrugsAlcoholTest.com (Popularity: ): Greenville, SC – There are plenty of reasons why a person would be required to undergo alcohol testing, and probably the most common is to learn whether or not they have any traces of this substance in their organism prior to getting behind the wheel of a motor vehicle. DrugsAlcoholTest.com is currently presenting customers with two distinct types of alcohol testing products, and more precisely a saliva alcohol test that ...

Press release home snapshot 


Related Business 
JR Credit Pte Ltd. (Popularity: ): JR Credit is a licensed moneylending company in Singapore. With our commitment to help and serve the people during their financial difficulties, we have become a go-to and one-stop loans provider in Singapore. Could it be personal loan, business loan, foreigner loan, payday loan or cash loan, our arms are wide open to serve and help you.
UK Financials Ltd. (Popularity: ): UK Financials Ltd is your one stop shop for all your loan needs. Whether you are looking for a loan to buy a car, for a loan for home improvement,loan for consolidate your debts or pay off your bills, we can help you. Regardless of your bad credit history, we can search all the available loan lenders and companines to find the one who can give you the loan.
American student loan (Popularity: ): Based in New York, The American Student Loan Center offers a variety of services including debt consolidation. Contact us today!- American Student Loan Center
Term Student Loan Consolidation (Popularity: ): Student loan consolidation is the way or the act of combining various loans into a single loan with a reason to reduce the monthly payment amount or raise up the repayment duration.
Direct Loan Consolidation Program (Popularity: ): Low interest rate student loan with 100% guranted direct loan consolidation for student and get instant benefits. Know status of your direct loan consolidation application from login section.
Debt Management (Popularity: ): Student Loan Consolidation allows you to combine several existing student or parent loans into one new loan from a single lender, using this new loan lender to pay off the balances on the other loans received from financial institutions or from the federal government.
Best Company To Consolidate Student Loans (Popularity: ): The best company to consolidate student loans include the combination of your loans into one loan that has an easy lower rate of interest. You will accept to bargain with one monthly payment rather of various payments.So here’s the easiest way to determine which is The best company to consolidate student loans for you: Is it a search firm online that offer this service.
Student Loan Counseling Service, Inc. (Popularity: ): Provides free services to student loan borrowers with a mission to help borrowers stay out of default and successfully repay their loans.
Deception Detection: Arizona Polygraph Examiners (Popularity: ): Deception Detection is a source for Arizona polygraph, Arizona polygraph examiners and more. Deception Detection Polygragh Professionals provides confidential, unbiased and competent services. We maintain the highest level of professionalism and adhere strictly to industry standards.
Loan Solutions | LoanSolutions.PH (Popularity: ): LoanSolutions.PH is a company based in Cebu, Philippines that offers fast and easy access to credit to provide for the different financial needs of Filipinos. The company provides personal loan, auto loan, house loan, business loan, equity loan and salary loan through a network of partnered lenders nationwide. Simply put, we connect you to the perfectly suitable lender that can provide for your financial need in the lowest interest and ...