The United States Department of Education is making bold moves toward cleaning house and we will talk about some of those that affect you as a parent of a soon-to-be college bound child directly. We do not want to leave out the millions of Americans that are returning to school and are 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 very good reason. That reason is as we go forward towards Halloween in the month of October it is time to start laying the groundwork for the upcoming winter school session in most parts of the United States.
Reformation in America
As debt consolidation is being reformed in America today and with President Obama taken the reins on so many financial concerns it is important that you know something about the debt relief situation going on the country. While you may consider yourself well-versed in the basic modality of what debt relief actually is you need to understand how that relates to the student loan obtainment for your incoming freshman. There are literally millions of freshmen that enter colleges and universities and technical schools all across this great country of ours and it is important that the parents of these soon-to-be college educated children know where to turn to for advice and information about that all-important student loan issue.
Department of Education Enactments
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 cut-out of the equation for all concerns about student loans.
What this does right away is to save you, the American taxpayer, at the very least $500-$1000 a year in monies that was going toward the pavement of the third-party providers for student loans. Now that there is a direct-line of communication between you, the parent of the college-bound child, and the Federal government, which is the Department of Education, the streamlining of this form 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 reality the debt consolidation world has so much going on it is important that we focus on the present and future and not so much worry about things of the past. If you are a parent of a student who is presently in high school you understand this and you understand that the future belongs to our children. With debt consolidation clearing the household and freeing up cash that would have been spent on credit card revolving debt and other unsecured debt loan accounts you will be that much closer to financing the dream of your child and of yourself of completing a college education in America in the 21st century.