Archive for January, 2010

Snooks asked: Has anyone heard if Obama’s new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?

Private Student Loan Consolidation?

Posted by cyberandy on January 27th, 2010

snowboarderdude322 asked: So I am going to be going to school to be a helicopter pilot and there are only two companies that I can get student loans through (Federal Loans are not available to this school). I was originally approved for 75k with Penn Security (Through TERI) with Prime+0 interest. TERI filed [...]

No more consolidation for student loans?

Posted by cyberandy on January 27th, 2010

Danna asked: So, I just graduated and found out that my lender no longer does federal consolidation loans and my payments are outrageous. Of course, bad investements on my part long ago. Are there any other options? I could use the graduated repayment plan but that is still pretty high and can go up after [...]

Debt consolidation and student loans question?

Posted by cyberandy on January 26th, 2010

Autumn asked: I’m trying to repay my debt but I am having a very hard time. I have about 40k in debt including interest I’ve accumulated (over estimate, to be safe) most of which is 1 private and 1 federal student loan (probably 35k worth) and the rest are utility bills that are years [...]

federal loan consolidation recomendations?

Posted by cyberandy on January 25th, 2010

chicago102 asked: I need to consolidate my federal student loans. I have private loans out through sallie mae, but do not want to use them to consolidate my federal loans due to their poor customer service. Does anyone have any suggestions of consolidation companies in which they have been satisfied with?

Ed asked: I have a problem here and I’m hoping someone can give me some direction. I have about $50k in government backed (sub & unsub) student loans I used for my bachelors and masters. Those are now coming due and I’ve got an application into the US Dept of Ed to get a federal [...]

How to consolidate my student loans?

Posted by cyberandy on January 23rd, 2010

Allen asked: What is currently the best way to consolidate my student loans? I’ve graduated and my loans are now in repayment. I’ve contacted my lender and they told me they don’t consolidate student loans anymore so I have to look elsewhere. Which service should I choose, and why? Thanks.

What happens after you consolidate a federal student loan?

Posted by cyberandy on January 21st, 2010

Samantha T asked: When you include a Federal student loan into debt consolidation?
What is the benefit of doing this?

Is there anywhere left to consolidate student loans?

Posted by cyberandy on January 19th, 2010

k_albarron asked: I had a few lenders in mind but it seems that nobody is consolidating student loans right now due to the economy.

Has anyone used Key Bank to consolidate student loans?

Posted by cyberandy on January 17th, 2010

Dan C asked: I’m interested in using Key Bank to consolidate my student loans. They offer 5% off my total principal. Is this too good to be true?
To clarify, I do not need another company. I would like to know if anyone has had any experience with key bank. I already know what consolidation is.