navigating student life intelligently…….
Feb 12
Student Loans Q&A federal student loans 3 Comments
I am trying to consolidate my federal student loans but have been denied because I have less than ,000 in loans. Are there any companies that will considate if you fall under this mark and if so, which is the best?
For the person who asked exactly how much, it’s ,000.
Feb 02
Student Loans Q&A aes, federal interest, federal loan, federal student loans, gate 04, interest rate, peers, reputable company 4 Comments
I currently have 8 federal student loans open through AES. I have been very good at making payments on time, however I realized that many of my peers have consolidated these loans. I believe the federal interest rate is around 6.85% fixed. Most my loans are higher than that. I am carrying about ,000 in federal loan debt.
GATE 03′: 8.02%
STAFFORD 04′: 7.22%
GATE 04′: 8.02%
GATE 05′: 8.02%
STAFFORD 05′: 7.22%
STAFFORD 06′: 6.80%
GATE 06′: 8.02%
I also noticed that my current balance on about half my loans is higher than my original balance, meaning I have been set up to not even cover just interrest accrued. Anyways, I am looking for a fair interest rate to consolidate these loans and equally a reputable company.
Are there any things I should be cautious with in deciding to consolidate? Should I wait for the federal rate to go down? Any recommendations of solid loan consolidators would be appreciated. Thank you.
Jan 16
Student Loans Q&A do the right thing, federal student loans, money crunch, new job, six months, time frame 3 Comments
I have federal student loans. I graduate next week and one will come due next month since it is the loan from my A.A.S. Degree. My other loan will come due in six months. Should I wait and consolidate the loans right before the six month time frame or do so now? I’m in a bit of a money crunch as it is difficult to find a new job but I also want to do the right thing. Thanks for you help!
Jan 13
Student Loans Q&A brazos, federal student loans, private loans, sallie mae, stafford loans, student loan 6 Comments
I am currently paying too much for student loans! I just graduated college about a year ago and consolidated my federal student loans (subsudized and unsubsidized) with Brazos (referred by AES).
What I would like to do is consolidate my fed. student loans with my student loan I received from Sallie Mae so that I only have one payment to make per month.
Does anybody know of any companies that consolidate not only my Stafford loans but also my private loans? Even better would be a lower rate than I am paying now, but any advice will help!
Jan 11
Student Loans Q&A benefit, consolidated loan, federal student loans 3 Comments
I consolidated my federal student loans at 3.75% back in 2006. The amount of principal is about 50,000.
Is it possible to refinance the consolidated loan now, to take advantage of what I assume are lower rates? If so, how much would the refinance process cost, and what benefit could I expect from doing so?
Thanks.
Jan 02
Student Loans Q&A federal student loans, information systems, mathematics, three months 3 Comments
I have been out of college for about a year and a half, after earning two B.S. degrees (Mathematics, B.S. and Computer and Information Systems, B.S.). I owe around ,000 in Federal Student Loans. I have been unemployed since I moved (about three months now) and can no longer make the monthly payments. Could someone please give me advice and references that I may consult on dealing with this issue. Thanks.
Dec 19
Student Loans Q&A coupon books, federal student aid, federal student loans, grace period, interest rate, interest rates, loanconsolidation, perkins loan, stafford loans 3 Comments
I am looking into getting my federal student loans consolidated through https://loanconsolidation.ed.gov. I had a Perkins loan, and I heard you shouldn’t consolidate that. I also have Direct Stafford loans, but Subsidized and Unsubsidized. Am I able to consolidate these together, or will it mess my interest rates up or something and be bad for me in the long run?
Also, when I look at my loans online (I’m in my grace period still so I don’t have the coupon books) I can’t see my specific interest rate to apply. And I have no idea what my account # is from federal student aid. Can anyone tell me how to get these?
Dec 11
Student Loans Q&A checks, consolidation services, federal consolidation, federal student loans, january 24, market downturn, nelnet, private loans, regulatory changes 3 Comments
I have ,000 in federal student loans. I do not have private loans and all loans are through the same lender.I contacted my lender nelnet about consolidation.
They stated "In response to the ongoing credit market downturn and recent regulatory changes, Nelnet has made the decision to discontinue federal consolidation services for customers wishing to consolidate with Nelnet. As of January 24, 2008, Nelnet will no longer consolidate federal student loans."
Can I still consolidate with another lender? I prefer to send out 1 check instead of multiple checks a month.
Any information and input will be greatly appreciated.
Thank You
Oct 30
Student Loans Q&A apartment, auto loan, checks, crap, credit score, federal student loans, loan consolidation, new job, parents, private loans, private student loans, secure credit card, thanks for your help 2 Comments
I have approximately ,000 in Federal student loans and ,000 in Private student loans.
I just graduated and I start a new job tomorrow that pays ,000/year. I never established any sort of credit in college.
I just moved here and in order to get an apartment and to get an auto loan they had to look up my credit score, and my parents had to cosign for each. For the electric bill they had to look up my credit score and finally in order to get a secure credit card they had to look up my credit score.
I know each time someone checks your score it goes down a few points, so I’m assuming mine is crap.
How long should I wait to consolidate these private loans? How long will it take to improve my credit score enough to make a difference? Is loan consolidation a good option for me? Thanks for your help.
Oct 15
Student Loans Q&A cash back rebate, federal student loans, interest rate 2 Comments
I have a little over 000 in Federal student loans and I am looking for a good place to consolidate them where you receive a good cash back rebate as well as a good interest rate. Anyone that knows of a good place please let me know.
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