complicatedtallblonde asked:
I'm paying 300 on student loans and 200 on another. To be honest, I 'd really like to consolidate the two and be able to get a lower monthly payment. I 'the m. 22 years and I have just been part of the navy. I leave in July for boot camp. I talked to several different lenders and most of them say they are not doing more to consolidate student loans. What I have communicated with that yet I am participating in a student consolidation loan, Wells Fargo and they wanted to have a co-signatory. Being in the Navy I have great job security … I think my credit score is respectable … But now I 'm the that are not a lot of money, only about $ 800 a month and I think that's why are asking a co-signatory. Imagine if they wait until after boot camp, when I 'm that does more, I get a consolidation without a co-signatory? What are my options? Having a co-signer is not an option. Thanks you.
I'm paying 300 on student loans and 200 on another. To be honest, I 'd really like to consolidate the two and be able to get a lower monthly payment. I 'the m. 22 years and I have just been part of the navy. I leave in July for boot camp. I talked to several different lenders and most of them say they are not doing more to consolidate student loans. What I have communicated with that yet I am participating in a student consolidation loan, Wells Fargo and they wanted to have a co-signatory. Being in the Navy I have great job security … I think my credit score is respectable … But now I 'm the that are not a lot of money, only about $ 800 a month and I think that's why are asking a co-signatory. Imagine if they wait until after boot camp, when I 'm that does more, I get a consolidation without a co-signatory? What are my options? Having a co-signer is not an option. Thanks you.
Thx for serving our country (soon to be). Honestly I would never consolidate with anyone other then the FED. Consider this, if you want to go back to school they will defer your repayment, a bank won’t. With the FED you don’t need a cosigner. If anything were to happen to you your co-signer would be responsible for your debt, but with a federal loan it would be zeroed out. If you have automatic withdrawls the fed will deduct I think .25 or.50% off your interest and plus they will take a few k $$$$ off your loans for making payments on time for 4yrs or something. The fed also has a repayment plan that goes off your income, odds are 1/2 that it will work for you. They have good programs, check into them. And w/ a federal loan you also get a 6 month grace period before you have to start repayment.
If your going into the Navy and you have a degree I would hope your going to be an officer, they should be paying off your loans for you anyway. Those sneaky lil bastards, you can tell your recruiter you will go to the Air Force if they don’t pay off your loans. I do not know your situation, but if your degree will be used in military service to fulfill your duties, they better pay that off for you!!
Hope this helps and GL.
Left by Reprisal on December 17th, 2009
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Left by Case on December 17th, 2009