hockeydude25 asked:
I have 2 student loans. One of them is by the American training services, and the other one is by Sallie Mae. I have a hard time step to hold with both together with my other calculations (rent, car, insurance etc.) which is the best way to consolidate over it together, or is that is even möglich, to go? Thank you in advance.
I have 2 student loans. One of them is by the American training services, and the other one is by Sallie Mae. I have a hard time step to hold with both together with my other calculations (rent, car, insurance etc.) which is the best way to consolidate over it together, or is that is even möglich, to go? Thank you in advance.
google “student loan consolidation” there about 500 companies that will do this for you. I recommend citibank.
Left by soaplakegirl on October 23rd, 2009
I consolidated all of mine through Sallie Mae. I had about 6 different loans. I am sure that if you contact them, they will have several options available.
A bit of advice, avoid the consolidation plans that allow you to pay only interest at first. It may sound like an attractive option, but it inordinately prolongs the life of the loan.
Left by ??Cribbage?? on October 26th, 2009
Depending on how much you owe try Prosper.com. People lending to people. No middle man.
Left by RichDaddy on October 29th, 2009
Consolidation will allow you to choose a longer repayment term (up to 30 yrs, depending on your loan amount) which will give you the cushion of lower monthly payments. However, a longer term means you will pay more interest over the life of the loan (just like if you payed only the minimum on your credit card).
Sallie Mae offers lots of information on their website, including a calculator so you can plug in your loan amount and see what your payments would be, depending on which repayment plan you choose.
Left by payingcollege on October 31st, 2009