Using Suntech Student Loans to Fund Your Education

Attending and graduating college these days is very expensive. Getting a college education is possible with Suntech student loans. These days, getting a college education can be difficult, if not impossible. Without an educational financial plan a college degree may be unattainable. Fortunately, there are now many student loans packages that are being offered to students who dream of a college diploma but could not afford one.

Suntech student loans are being expertly managed by the Collegiate Funding Services-Suntech Servicing. As the seventh largest service provider of Federal Family Education Loan Program (FFELP), Suntech is a company well known for its integrity and high quality loan servicing.

Suntech student loans offer a student several options but the best one is loan consolidation. Loan consolidation means that all loans are being merged into one so that there is a single major account to manage. Oftentimes, a student may need more than just one account to put himself through college. Assuming that he is granted several loans, such loans will have varying interest rates. A glaring problem with multiple accounts is the tendency to miss a payment of at least one of the accounts. Worse, the student may be charged with penalties for missed payments. This is where the beauty of the loans consolidation program comes in. It is a wise move to seek student loan consolidation advice from Suntech.

One of the first things the Suntech student loans consolidation program does is to look at all the student loans that the prospective borrower is presently carrying. Carefully analyzing the varied interest rates, Suntech will offer to the borrower the consolidation program borrower that will combine all of his federal student loans into one, resulting to reduced interest rates by as much as 50%. In many cases consolidation allows one a longer period of repayment. For instance, if the regular period of repayment is only ten years, one can be given a period of up to thirty years with the Suntech student loans consolidation program. This effectively lowers the monthly loan payment at time when money is tight.

Another great feature of this loans consolidation program is that it requires no credit checks, so even if one has no satisfactory credit rating (and this is quite common in students), he can still complete a college education through Suntech.

Suntech's student loans consolidation program will work best for those who are unable to effectively manage multiple accounts. At the same time, it will also benefit those who may have a hard time paying off their loans after graduation when to student is just entering the job market.