Product Description
KEY BENEFIT: Keown allows readers to see the big picture by letting them understand the logic that drives finance rather than memorizing formulas. Very user friendly, the basic pedagogical approach to the presentation of new tools and techniques is “say it” then “illustrate it with an example” and reinforce with lots of “real world examples”. As well as including strong international coverage some key topics are: Financial Markets and Inte… More >>

Foundations of Finance: Logic and Practice of Financial Management and MyFinanceLab Student Access Code Package

Product Description
Principles of Corporate Finance is the worldwide leading text that describes the theory and practice of corporate finance. Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discus… More >>

Principles of Corporate Finance + Student CD + Ethics in Finance PowerWeb + Standard and Poor’s

On February 8, 2006, President Bush signed into law a budget reconciliation bill that will impact your student loans as a student and a graduate. The interest rate on any new student loans (Federal Stafford Loans) that you take out after July 1, 2006 will be fixed at 6.8%. Any student loans you have taken out prior to that date will remain at a variable rate.

The good news is that origination fees on student loans are scheduled to phase out over the next several years, which means fewer fees on your student loans. Additionally, if you will be pursuing a graduate degree, a new PLUS Loan initiative will allow graduate and professional students to take advantage of PLUS funds. This will enable you to cover your total cost of attendance with federally guaranteed, low-interest loans instead of Alternative Loans, which are typically more costly.

If you are nearing graduation, you are probably thinking about consolidating your student loans through the Federal Loan Consolidation Program to lower your monthly payments up to 50%. The tips provided below will help you to deal with questions you may have concerning graduation and how to handle your student loans.

The average new graduate will owe more than $220 in student loan payments each month. Even if you have not received your first student loan payment yet, you should consider that there are important deadlines approaching. You can save hundreds or thousands of dollars in interest by consolidating now because the interest rate on your student loans will increase in July.

Because your rate is currently variable and can increase to as high as 8.25%, it is strongly recommended that you lock in now while rates are still the 4th lowest in history (you can lock in as low as 4.5%*). As the pattern of rising interest rates continues, your rate AND monthly payment will likely go up if you do not consolidate before July 1st. How you manage your student loans can have a big impact on your financial future. Following these simple tips will make it easier.

Tip #1 – Don’t let your interest rate go up. Student loan interest rates are variable – they change every July 1st. You can permanently lock in your interest rate by consolidating now.

Tip #2 – Use automatic payments. Most lenders offer a reduced interest rate when your student loan payments are automatically deducted from your checking or savings account. This can add up to big savings. Plus, you won’t have to remember to write a check each month, and your loan payments will always be on time.

Tip #3 – Don’t get behind on your payments. If you are having trouble making your student loan payments, you should immediately contact your loan servicer to find out if you are eligible for deferment or forbearance. Just as with any other loans, late student loan payments will negatively affect your credit.

Tip #4 – Choose the best payment option for you. Multiple payment options are available to student loan borrowers who consolidate. A payment plan that fits your current financial situation can help you keep up with your loans. And, you can switch plans when you need to.

Tip #5 – Get cash back from your student loans. A lender or servicer will often offer borrowers incentives to make their loan payments on time for a specified amount of time. For example, CLC® offers borrowers up to $2,000 cash back after they make nine payments on time.* *

You can start the application process by filing an online free application for federal student aid. This application generally assesses your situation to be able to determine your eligibility for student aid. If it is found that you cannot afford to meet the college expenses then you are eligible for a federal Stafford loan. This type of loan does not take your bad credit into account when they want to approve the loan.

These loans have the advantage of a lower interest rate and you are also given a six month allowance after finishing college in order to start making repayments. Stafford loans are also categorized under subsidized or unsubsidized loans. For the subsidized ones, the federal government pays the interest while the student will pay for the interest in unsubsidized loans.

If you do not qualify for this loan, your parents can take PLUS loans on your behalf. This type of loan works best if your parent has a good credit rating. If this is not the case, then the co-signer can take the loan for the student. The repayment of the loan will then be done by the co-signer. Private lenders are another option for students with bad credit and cannot qualify for the other loans for any reason. They are available with or without collateral. Ensure that you conduct enough research online and compare the rates on offer from the various lenders.