Archive for September, 2009

whats the best way to go about student loan consolidation?

Posted by cyberandy on September 29th, 2009

Student Loan Consolidation
steph_the_chef asked: I have a bunch of student loans and i get a lot of junk mail about consolidating. Who is the best to use for consolidating? What type of payments and interest rates can i expect. I have about 8 different student loans out there, from 4 years of school. Some are [...]

Jdude asked: I have loans with the Student Loan Corporation through CitiBank, and I think they’re too generous with themselves. I pay a whopping 8.250% on a 46,000 principal balance. Can I do better?

Kenny S asked: For having the loan consolidation already have any collateral to take advantage of the loan most consolidation already have any collateral to explore this option of one loan from company that will keep the option for any collateral to do this from local bank also.

Chris I asked: http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private/private.htm
Their website says the following:
Interest rate: Interest rates are variable and reset monthly.
Private student loans, not federal loans. I found the answer on their site. It’s Prime (8.26% today) plus 0-6% depending on credit worthiness, changing monthly.

Terrible Student Loan Consolidation Rates?

Posted by cyberandy on September 21st, 2009

tc asked: Calling All Finance Majors…….
I have 6 student loans (federal) for about $60K total balance. One of my loans has an interest rate of 2.8% FIXED. Everything else is a variable rate, presently at ~6.8%. If I consolidate all loans, I’ll end up with about a 5.875% fixed [...]

student loan consolidation?

Posted by cyberandy on September 20th, 2009

Dave H asked: I left and received straight my period my first student loans calculations. I have a quantity of student loan debt (all loans of the federation), and my goal am it to pay her zur? ? ck as fast as möglich – in such a way we hope in such a way within [...]

Where should I go to refinance a student loan consolidation?

Posted by cyberandy on September 19th, 2009

DJ Ango asked: I have $35,000 student consolidation loan which I have been paying off for the last two years with a 7.25% fixed rate. I’ve been paying double the monthly payment, but it’s been depressing seeing the interest eat up most of that. At this rate I’ll be paying it well into my 30s. [...]

Can you use a student debt consolidation loan for personal use?

Posted by cyberandy on September 18th, 2009

mistyerious asked: I investigated to on-line and am not clear yet, as functions. I muà ? a persönliches loan to really help, with some other calculations and am not any more able, mean instruction to take. I am not now in deferrment fungen on my federation loans and her do it to Bonitätsprà ¼ or [...]

what is loan consolidation and debt consolidation?
how does consolidation work, what are the different options for consolidating?
what are the advantages and disadvantages of consolidating debt and loans?
what are the best tools and calculators for showing results of consolidating?
So, I want a list of the most useful sites and articles that will give
me this info in [...]

Student Loan Consolidation.yikes?

Posted by cyberandy on September 16th, 2009

Leslie (SpidaWoman) asked: I currently have $17,000 in undergrad thru SC Student Loan and $37,000 in Grad School thru Wachovia. Is consolidation the best option for me? What are some good consolidation companies that dont have “fine print”, “gotchas” and “hidden problems”?
Any testimonials or advice? Suggestions?