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Student Loan Debt Relief - ACPE is offering the new refinance plan!

Monday, March 13, 2017   (0 Comments)
Posted by: Sheri Ryan
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Student Loan Debt Relief: The Alaska Commission on Postsecondary Education (ACPE) is offering the new Alaska Education Loan Refinancing Program. This program lets you combine your state, federal student, parent PLUS and private loans into one monthly payment, with potentially lower interest rates and flexible repayment terms.   

 

The details:

·        Fixed 5.2% APR – rate never increases

·        You choose 5, 10, or 15-year repayment term

·        Must be Alaska resident

·        FICO 720+ (or cosigner) and employed

 

è You may qualify even if you didn’t finish your degree.

 

The Refi Loan is available to help former student borrowers with their own loan debt, and:

 

Ø  Parents who borrowed on behalf of multiple students can consolidate all loans into one

Ø  Students with parents who took out debt on their behalf can transfer the debt into their own name

Ø  Cosigners who are managing loans for their borrowers can refinance the loans in their own names

 

The best time to refinance student loans is when your income is steady and consistent.  With ACPE, the interest rate is as advertised for everyone – there are no “teaser” rates.  You also know the credit requirement up front, so there are no surprises.  And you’ll have all your loans serviced in Alaska, by Alaska-based customer service specialists.

 

After assessing your individual situation, if you think refinancing may be in your best interest you can apply at: https://acpe.alaska.gov/Alaska_Refi.

 


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