Syntax Groups and One Easy Loan are conducting a promotional giveaway program to help college graduates cope with the cost of repaying student loans at a time in their lives when they are also starting careers and setting up households.
The companies are working together to reach recent college graduates and others with college loans to create awareness of the benefits of student loan consolidation, and the imminent increase in student loan interest rates on July 1st. Beginning May 8th, Syntax and One Easy Loan will invite those who hold student loans to share information about their views of certain products and services. One Easy Loan will giveaway $500 each day to one registered participant. Additionally, Syntax will give away one 37-inch Olevia LCD TV each week for the 13-week program.
College loan holders interested in participating in the promotional program should go to Horizons Giveaway where they have the opportunity to register to win as well as to recommend the program to friends with student loans. Participants are under no obligation to apply for or buy anything to win the cash or TV giveaways.
Surprisingly, not everyone who has college loans knows about loan consolidation, or the benefits that it can provide. "These loan holders are our employees and our customers. It is in everyone's best interest to help them secure a solid financial future," said James Li of Syntax Groups Corporation. "We are very excited to be a part of this program with One Easy Loan."
Interest rates on student loans are reset once a year based on the rate of 91-day Treasury bills. This rate is set at the U.S. Treasury's final May auction. Based on the increases that have occurred this year in the Treasury bill, experts fully expect student loan rates to rise. Those who consolidate their student loans before July can also potentially decrease their monthly payments by as much as 58%, making loan repayment more manageable.