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Crown Financial Ministries
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Regarding your student loans, the following organization can provide information on the repayment of student loan debts at lower fixed rates of interest. We understand that as of July 1, 2002, a qualified individual might be able to consolidate his or her student loan at a lower interest rate, possibly as low as 4 percent. We encourage you to contact them for detailed information.
Federal Direct Consolidation Loans
1-800-557-7392
Web site: www.loanconsolidation.ed.gov
In addition to obtaining a lower interest rate, it may also be necessary to live on a very non-indulgent budget in order to free up money to accelerate the repayment of your student loans. You can use the free, interactive Budget Guide in the Tools section of our Web site to set up your budget. Even using this guideline budget as a starting point, you may need to pare down your spending even further if you want to repay your student loans as quickly as possible.
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