Posts tagged Consolidation
Q&A: WHY ARE MANY STUDENT LOAN LENDERS NO LONGER OFFERING CONSOLIDATION FOR PRIVATE STUDENT LOANS?
Apr 3rd
Question by SadToday22:
Why are many student loan lenders no longer offering consolidation for PRIVATE student loans?
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DO BOTH SPOUSES HAVE TO PAY ON A JOINT STUDENT LOAN CONSOLIDATION IF ONE BECOMES DISABLED?
Mar 30th
Question by Kyle:
Do both spouses have to pay on a joint student loan consolidation if one becomes disabled?
There are two sets of loans in a federal consolidation. But one spouse became seriously disabled and is having a dismissal on his part. All that is left is the other spouse, yet both spouses took out the consolidation. What happens? does it just become the wife’s consolidation or are both still held to it. It doesn’t make any sense if the husband is right back at it and is at risk of a future default. The husband will always pay on the wife’s loans, able to or not.
One of you got confused here. the only thing I am asking is if just the disabled spouse keeeps paying on the other, the loan by the non disabled is still a ongoing loan. Just the obligation of the disabled spouse only. that might occur if something like a divorce ever occurs.
So much for being disabled and trying to pay on the loan for years, now having one foot in the grave due to progression. There is always something to look forward to in this life.
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WHICH STUDENT LOAN CONSOLIDATION PLAN WOULD BE BETTER?
Mar 26th
Question by Jonaskizal:
Which student loan consolidation plan would be better?
I’m applying without a co-signer and wish to lower my monthly payments (I’m paying about 5 banks right now, each 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, but I am backed into a corner. I do not really want to ask anyone to cosign for me, and I dont want to keep paying $ 600/month over various banks.
What would you do? Or should I try another bank?
Thanks.
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STUDENT LOAN CONSOLIDATION QUESTION?
Mar 17th
Question by almatters:
Student loan consolidation question?
I have about 17k in SL from undergrad that were consolidated at 2.8%. I come this might I will have an additional 31k in SL, due to grad school. I am going to need a 30 year repayment period, as I cant afford a lot of extra money right now.
DO I have to consolidate my Grad loan with my undergrad, if I do this i will loose my awesome rate?
Can I keep the loans separate- but still at least stretch the 31k into repayment over 30 years?
What are current federal interest rates? Do you think they will go down because it appears the economy is headed south?
I never consolidated my grad loans. I consolidated my under grad right after I was done with school, and two year before I went to grad school.
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NEED STUDENT LOAN REHABILITATION AND CONSOLIDATION HELP!!!?
Mar 15th
Question by mimmie7794:
Need student loan rehabilitation and consolidation help!!!?
Hi, My husband just finished the “loan rehabilitation” program through a company called FMS. He did everything as they asked, made a down payment and made 9 on time payments to complete the program. Now they are saying for us to get out of the program and to improve my husband’s credit score, we must sign a loan consolidation form (which they try to tell me ISNT a loan app, but IT IS). There is only ONE loan listed on the form at 8.02% (a G loan they called it) but my husband has several other “D” loans and they aren’t listed. They are saying that unless we sign the form and send it back, we will have to “re-do” the rehabilitation program. I would really like to know if they are trying to trick us. Anyone who has dealt with this type of thing PLEASE help us! Thanks!
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STUDENT LOAN CONSOLIDATION?
Mar 3rd
Question by kevandcambria:
Student loan consolidation?
I begin paying back in a month, and have not received anything in the mail yet regarding consolidation…all I have gotten were individual remidners for my stafford loans…I’m wondering, will they contact me? Or do I need to contact them?
Also, is it worth it to consolidate if all I have is abotu $ 18-20k in Stafford Loans and abotu $ 2-3k in substitute loans?
Please help as I am stressin myself out worrying abotu this crap…
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STUDENT LOAN CONSOLIDATION, I HAVE ABOUT $60K IN STUDENT LOANS?
Feb 26th
Question by :
Student Loan Consolidation, I have about k in student loans?
I have about $ 60k in student loans. I only worked a few years after graduation and am now staying home with my 3 kids. I do not see how I can go back to work anytime soon as all my children are 2 and under and will not be in school anytime soon. We cannot afford to pay on my loans with my husband’s salary.
They have been on deferment for soooo long.
So what happens if I do not pay them? I know my interest keeps going up and up and up.
I’m not looking for advice telling me to go to work. It is not an option for us at this time.
Thanks
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PRIVATE STUDENT LOAN CONSOLIDATION, A GOOD LENDER? I OWE OVER 100,000 NEED LOW MONTHLY PAYMENTS.?
Feb 24th
Question by acseiya:
Private Student Loan Consolidation, a good lender? I owe over 100,000 need low monthly payments.?
Hello,
I recently graduated from college, about a tiny over half a year ago, I am yet to consolidate any of my loans because i’m scarred to lock in my loans at some outrageous interest, my loans are as follows,around: 29,000 in federal 78,000 in private student loans, which would make my payments unconsolidated around 1500 a month, and i cant make that sort of payment nor I think anyone that has recently graduate can, I want to know if there is any place that i can consolidate both of these loans where I can actually make a payment. I do want to pay but I just cant make 1000 dollar payments each month. I have had no help with paying for my school nor from the government nor from my parents. what am I suppose to do? I did a forbearance on my loans but it ends at the end of this month and I still have not been able to find a lender that will consolidate my private loans at something affordable. Nor can I find any information on the internet.
wow nothing bust spammers posting….thanks
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STUDENT LOAN CONSOLIDATION ADVICE? WHERE CAN I GET THE BEST ONE? IM AM LOST!?
Feb 22nd
Question by perplexshytt:
Student Loan consolidation advice? Where can I get the ideal one? IM AM LOST!?
ill make this story short. I was an alcoholic that turned my life around. I had no home when starting school, and a friends place to stay temporarily. I got into Devry and took out some loans to get myself through school, and have a cheap place to stay. I managed to really do good and graduated Summa Cum Laude of my class. (yea i know, but it was a huge deal to me). So then I decided to stay and get my master’s with further loans. I graduated Magna cum laude from there. Long story short, I could not get a job at my field, but I took an entry level position at a very popular insurance company (fortune 200 business). I worked my way up, but nothing in my field. I make roughly 30,000 right now with 60,000 in student loans all Title IV. I cannot seem to make my payments because they are too high monthly. I did the math and its about 850.00. I have a home note, and a wife and child now. But I am worried about my future. I have been paying some loans in the amount of about 220.00 a month since i’ve graduated, but when the other loans come off forbearance, it will be hard for me. What are my options. I am so lost. Sorry for the bad grammar, at work and I had to type fast. Thanks for any help.
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HOME EQUITY LOAN AND CONSOLIDATION LOAN DIFFERENCE?
Feb 17th
Question by zeishabush:
Home Equity Loan and Consolidation Loan Difference?
What is the difference between a home equity loan and a consolidation loan? Which one looks superior on your credit report?
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