I have two private student loans that I start paying on in July. One is 13% $12700 and the other is 12% $12280. I am closing on a condo so I need to get these in order so I can budget accordingly. Are there many good fixed-rate private consolidation loans? Personal experience please? Also, I have a really high credit score…I don’t see why my interest was so high in the 1st place. My home loan is super low. What type of payment could I expect if I do not consolidate?
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- Does anybody know how many times you can consolidate private student loans? Right now I have approx $26K in student loans consolidated with Sallie Mae at about 10% interest rate. I would like to get a better one, but have already consolidated. If I can only do it once, do loan companies actually lower the rate based on credit and payment history?
- I have around $30K in private student loans that I had my brother co-sign with me on. I am paying Prime + 0% which is really nice, but I wanted to consolidate and use the LIBOR rate(which is lower then prime, I would save over 2K in 10 yrs by dropping just 1% point). I have what I think is a very good credit score (~760) and wanted to get the best rate and try to avoid asking my brother to co-sign again. Is my score high enough to go in alone without and co-signer and get the best rate? Thanks in advance.
- 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 private, some are federal.
- If I consolidate my student loans with a private bank can I still write of the interest as a tax deduction? I am already graduated and scheduled to begin payment on the loan in April. I am currently trying to get it deferred for a few more months. If I consolidate these loans with a private loan can I still write of that interest on my taxes?
- Hey there, I am looking to consolidate my private student loans, I have a total of about $30k. Anyone know of a place that offers the best interest rate? Thanks for any help.
1 comment
right now you should be able to get a consolidation loan with a rate of 10.5%!!!
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