nockmdead asked: I consolidated my loans with Nextstudent on 03/21/06 before I graduated on 05/01/06. I’m supposed to get a .6% reduction on my interest rate for consolidating before the end of my grace period. Well, apparently, my loan consolidation just went through and my payments are $21 higher than I was [...]
Judy M asked: I have $16,000 in student loans. I graduated in May ‘07 (6 months grace period ends Nov ‘07), and I need to know whom to trust in loan consolidation for an interest rate reduction. I have received several offers through the mail, each promising interest rate reductions (each lender uses letterheads [...]
Sarah asked: I’m looking for a consolidation loan. There are so many companies out there. I heard that some of the companies with great promotional interest rate discounts (e.g. for on-time payments, enroling in auto debit etc.) turn around and sell your loan to another company. When this happens, do the terms [...]
That’s Bobo asked: Hello everyone! I just graduated and have about $100,000.00 in total student loans including Govt. subsidized / unsubsidized Stafford Loans and Private loans. About $50,000 is in Stafford loans with an interest rate of 6.8% and $50,000 in “Signature Private Loans” at about 10%. They are all with Sallie Mae. I’m in [...]
Benny M asked: So I’ve searched and called every bank and student loan consolidation firm and no one is consolidating, except for Citibank.
I’m disappointed, I mean not even the government backed agencies and the gov’t itself are willing to consolidate because the economy is so crappy.
Anyone know any place where I [...]
Sam D asked: After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private.
Unfortunately, I did this at the exact wrong time and my [...]
Jonaskizal asked: I’m applying without a co-signer and wish to lower my monthly payments (I’m paying about 5 banks right now, every month.)
FIXED Interest rate 13.45%
14.10% APR
5.00% Loan Fee
$398.73 Monthly Payment
OR
VARIABLE Interest Rate 11.06%
3.06% Index–3 Months LIBOR
8.00% Margin
11.64% APR
5.00% Loan Fee
$330.49 Monthly Payment
I realize these rates are a bit ridiculous, [...]
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?
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 [...]
sky asked: I consolidated my student loans through sallie mae several years ago (before the great interest rate reduction). i can’t reconsolidate. is there anything else i can do to lower my payments?
