it seems like there aren’t any lenders that do federal student loan consolidation programs. Are there any out there? not private loans.so far it seems like the dept of ed has ended other programs. please help thanks Ruth. Can you ask your relative if it was a federal loan? New question, is it possible to debt consolidate federal student loans?? so there’s debt and then student loan consolidation.
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- Is it possible to consolidate both federal and private student loans into one consolidation, or do I have to?
- 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?
- I have a few loans from Sallie Mae. I would like to consolidate them into one loan, hopefully at a lower interest rate. Does anyone have any suggested companies that you have dealt with for student loan consolidation?
- Also, Do debt consolidation companies include federal educational loans into the consolidation? If you have a federal student loan, and the loan company offered a 1800 # for a consolidation company to take the loan and pay it?
- Hi, I’m looking at consolidation loans that offer cash rebates. Right now I’m looking at $1,100 rebates on my student loans with MOHELA. However, I was hoping to pay off a $4500 credit card bill with either a rebate or by borrowing more than I owe. Are there any companies that allow you to borrow more than you owe (l did this to pay rent as an undergrad) or include CC debt in a consolidation loan? Thanks!
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Creo que he leído que no se puede consolidar los préstamos estudiantiles federales. ¿Por qué quieres? Por razones de conveniencia? Si consolida con un banco, usted sólo pagará tasas de interés más altas. Conveniencia nunca valdrá mucho dinero. /
Je?li nie zauwa?y?em, koszty edukacji nie s? tanie w dzisiejszych czasach. Wielu studentów bior? kredyty na wspieranie ich droga przez kolegium. Wydaje rozwi?za? problem, na razie jednak rzeczy zaczn? si? trudne, gdy absolwent. S? ju? d?ugu, zanim jeszcze zarobi? na swoje pierwsze dolara. Porady poni?ej maj? wykaza?, dlaczego nale?y rozwa?y? konsolidacj? kredyt studencki. Jest to zdecydowanie najlepsze dla ciebie powód do rozwa?enia przy konsolidacji kredytu. Mo?liwe jest ograniczenie do comiesi?cznego zasi?ku o 40% – 50%, podczas dokonywania bada? na kredytodawców. Wyobra? sobie, uwalniaj?c pó? finansowych podnoszenia ?adunku poza swoje barki. Poczujesz, ?e powietrze jest l?ejsze i swoje ?ycie to nie tylko p?aci? za kredyty.
has a lot of good info on student loans.
This is a great article on student consolidation loans:
Always refer to this website before making a choice.
There are two main forms of debt consolidation available to consumers. The first involves qualifying for and taking out a loan for the amount necessary to pay off all your credit card or other consumer debt balances in full. After applying for and being approved for a debt consolidation loan, the newly borrowed funds go directly to pay off all your debt. In many cases, your credit accounts that were in good standing are allowed to remain open, which can help your credit score considerably by showing that you have much available credit. The benefits are the simplification of multiple credit card bills into one, manageable monthly payment. The even greater benefit of debt consolidation loans is the reduction of the interest rate you will pay. For example, if you are currently paying 13% to 23% on several accounts, and a new debt consolidation loan gives you a 9% interest rate, you will save money and pay your debts off more quickly.
The second type of debt consolidation refers to using a credit counselor, or intermediary to negotiate with your creditors on your behalf. In this scenario, you debt is not necessarily consolidated (though it can be), but your total amounts are settled with the creditors. In this case, you may satisfy a debt in full by only paying a portion of it, but you may pay for it with your credit score if the account is closed.
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