Consolidating student loans?
Feb 16
Student Loans Q&A 3 years, banks, loan officer, Student Loans Q&A, variable interest rate 2 Comments
Where do I go to consolidate my student loans? I graduated 3 years ago and I have a variable interest rate which has increased this year. I was hoping to consolidate but don’t know where to go. To the bank to speak with a loan officer? How can I be sure I’m getting a good deal? If I shop around other banks, do I need to have an account with them?
So confused. Help!
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Feb 16, 2010 @ 23:52:44
You dont have to have accounts where you negotiate your loans… go for it… BUT—-
You can only consolidate your loans ONCE.. that’s right ONCE… so use that freebie wisely..
You might want to check out Suze Orman’s website and see what she has to say about student loan consolidation, or watch her show on CNBC on the weekends…
Feb 16, 2010 @ 23:52:44
Here are some great tips on how to consolidate student loans.One good thing about government loans is that the interest rates are fixed when consolidating them, and so rest assured that the rates that the lending company will charge you are within the boundaries of the law. Albeit there is already a ceiling on the interest rates when consolidating government loans, it is always to your advantage if you will shop around for those with really low interest rates.
http://www.worldbestloans.com/student-loans.htm
Grace period of loan repayment means you are done with college and earn a degree but the part of repayment, you just have not started. The grace period is usually from the graduation day to 6 months after and is usually regarded as an excellent time to which you acquire college student loan consolidation.