The United States Department of Education is making bold moves toward cleaning house and we will speak about some of those that affect you as a parent of a soon- newspaper headlines to-be college bound child directly. We don’t desire to leave out the countless Americans which are time for school and would be the students themselves-but the largest percentage of school bound individuals are still under the dependent financial care of the parents. We titled this posting debt consolidation breaking news for a good reason. That reason is as we proceed towards Halloween in the month of October it’s time and energy to start laying the groundwork for the upcoming winter school session in most parts of the United States.
Reformation in America
As debt consolidation will be reformed in America today and with President Obama taken the reins on so many financial concerns it’s essential that you know something concerning the debt relief situation going on the country. While you could consider yourself well-versed in the fundamental modality of what debt relief really is you need to understand how that pertains to the student loan obtainment for your incoming freshman. You can find literally countless freshmen that enter colleges and universities and technical schools all across this great country of ours and it is essential that the parents of those soon-to-be college educated children know where to turn to for advice and information regarding that all-important student loan issue.
Department of Education Enactments
Probably the most breaking news that involves debt consolidation includes the actions of President Obama’s administration as well as the Department of Education directly. The administration has mandated through acts of legislation and other such legalities that the middlemen are now actually cut-out of the equation for all concerns about student loans.
What this does straight away is to truly save you, the American taxpayer, at the very least $500-$1000 per year in monies that has been going toward the pavement of the third-party providers for student loans. Now that there’s a direct-line of communication between you, the parent of the college-bound child, and the Federal government, that is the Department of Education, the streamlining of the type of financing of a college education is clearing up.
We wanted to give you some earth-shattering as well as fundamentally groundbreaking news but in fact the debt consolidation world has so much going on it is essential that individuals focus on today’s and future and not so much worry about things of the past. If you are a parent of a student who’s presently in senior school you understand why and you realize that the future belongs to your children. With debt consolidation clearing the household and freeing up cash that would have been used on bank card revolving debt and other unsecured debt loan accounts you will undoubtedly be that much closer to financing the dream of your son or daughter and of yourself of completing a college education in America in the 21st century.