Where can I get a excellent deal on consolidation for my private student loan?
I have loans with the Student Loan Corporation through CitiBank, and I reckon they’re too generous with themselves. I pay a whopping 8.250% on a 46,000 principal balance. Can I do better?Look for loans through Sallie Mae. I’m not sure of the website-probably sallie mae.com or something close to that. That is how I consolidated my student loans.
Sallie Mae can help you consolidate private student loans: http://www.salliemae.com/consolidate. Your interest rate is based on your credit rating, so finding a co-signer with excellent credit can help bring the rate down.
Yes. Collegiate Solutions has consolidation rates as low a 4%. Their # is 877-490-6639, or visit SchoolWork.org as they feature reviews, details and options for student loan consolidation programs. See link below: http://www.schoolwork.org/student-loan-consolidation.html
Can you help me with my student loan payments?
I seem to have 3 payments coming up Jan 22 Feb 14 April 04 Now I dnt mind paying them back , But the interest rates are way High . I dn’t know what was going on , because i don’t know how to place this , but I was going thru a rough time during college. I had no friends , no social life and isolated. I was going through depression . Excellent thing I found out a year ago what had happened to me , So now I am trying to get my life straight starting with my credit/a job/ moving out and finally being debt free and following my intuitions. The student loan thing doesn’t seem to be helping much in my “being free” thought , because I called every one of these corporations ( Citi bank , Sallie Mae , and my federal loan consolidation company ) On average I would have to pay for 15-25 years before all this debt is being paid off. Do you have a similar situation or is mine really unique . I am trying to get a clearer picture because most of my papers and applications were filled out by my parents_ and brother , which I despised , because they controlled my life , I was clueless of what was going on which now I am trying to get out of..Nope everyone faces the same problem.. I dont know why you say that interest rates are very high.. Usually for the year you take its fixed.. like this year its fixed at 8.5 (that fixing is done by Government). So the only difference you get between banks is of downpayment and stuffs.. Yes most of the bank loans are for 15 – 20 years.. well we need to face it.. Education is a costly business..
You can www.ed.gov and they should be able to help you with consolidation option, if the loans are in your name, if in parents name, they will need to contact you. The best option is get another consolidation plot that will reduce your interest and allow you to pay according to your income. You can also call your lender and questioned for a forebearance or deferrment of your loan payments. They normally will allow 12 months per approve request. You can visit ed.gov link below on forebearances or deferrments (do a new search to get details): http://www.ed.gov/searchResults.jhtml?oq=forebearance&odq=forebearance&qt=Loan+Leniency&rq=0&st=0& (copy above link to a url to view)
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Why would they do this?
I am in the process of consolidating my student loans with general revenue corporation. The guy I am dealing with told me all my loans would be consolidated and he would mail me the attention. Today he called and said we didnt include the subsudized loans on this attention as it would be simpler to get approved, but In three months I could consolidate those too. Now these are all government loans and eligible for consolidation. I said No, I wantede to see the whole picture and he said okay he would send out a new one with all the loans included. Why did he try to do this? Was I right for requesting all of them? I know you can only consolidate once so I dont want to be locked in with them only to have them increase my payments when I add the other ones.Get a competetive offer. You will learn more about the process and since you only get one shot, you should do your homework. Another offer could get you the info you want quick since the second person will want to expose any flaws in the first offer. Use them against each other! The best offer will win. PS I thought the Gov’t loans would be the cheapest, especially with loan rates being higher now.
Smart choice in refusing to consolidate and he was just trying to make extra money in coming back to you in 3-6 months and hit you for another fee . Get at least 5 offers and take the best one that you can easily afford . Excellent luck .
Why are you consolidating with general revenue? They sound like a debt collection agency. So he probably was trying to make more money off you by having you consolidate twice or something. If all your loans are government loans then you can consolidate with a number of lenders and there are no fees to consolidate. Your rate will be the same with all lenders but many offer additional incentives to lower your rate even further. This is a excellent site I found that shows which lender will save you the most over the life of your loan.
If economical issues are mostly a algebraic problem why do most people ignore that point?
I mean preventing socialism is one thing since even if socialism worked America is far too corrupt and would abuse of it until America becomes a wasteland. But we aren’t socialized and there’s a difference between government spending and socialism. Also there’s a difference between cutting back for economic safety/trim stout and being greedy… For example: The only issue that occurs mostly in any countries economy is job loss and or lack of job creation. But what politicians directly ignore is the need of “any” sort of workers union. Because although when we had the union before they had too much leverage and power. They did keep people paying our “normal” unbloated taxes by making sure huge corporations were paying people “just” enough so that way they can make it in life by the skin on there teeth. That way they don’t end up legally eligible for food stamps and section 8 housing. Which in the end costs and will cost America more tax money than anything. On top of that they have a fake war on drugs and allow drug lords to bring drugs in. Which should be impossible because nearly nobody should have any business crossing the boarder into Mexico. Because of that we end up screwed over hard because of all the money spent looking for the drug lords who made there way in. Also we allow debt consolidation to be a complete scam. Because by the time you’re about to consolidate your issue you end up in a ponzy scheme where the business writes it off in there losses and gives it to a third party creditor that just wants to make money off of clearing your credit. And most of all, a lot of people are trying harder these days and are really keen to persue a higher education. Because of that they’re trying hard to get student loans which they’ll most likely never be able to pay back thus causing the largest bubble ever. “The education bubble” So if the answer is really just to look at all of that and to take those as real issues by simply looking merely at the math why still then are people mostly blind to all of that?Ron Paul
Most people are blind to arithmetic because neo-classical bourgeois economists teach people to rely on subjective values rather than objective values. Schools do not teach economics because if everyone learned what capitalism is then there would be a populist, marxist revolution. The hand of the market is invisible for a reason. It’s so people don’t see what really goes on in finance. Capitalism relies on stupid people to provide them with a market. Capitalists make money off of people’s mistakes. If everyone learned finance then how would the capitalists make a profit?
The problem with the unions is that they are some of the most corrupt organizations out there. They spend nearly 0 time in collective bargaining. They are basically a company out there to soak you for cash and that’s about it. They spend tons of time lobbying for what they want and most of their efforts are spent in padding their own pockets. When you declare a war on something, you make it stronger. The best way to get rid of drugs is to accept them and like them. Debt consolidation is just another example of corporate greed. People need money and so they do what they can. Most people can pay back their student loans and most people make much higher incomes. Sure, there are people that fail, and maybe more now than before, but for most people the system still works. These are complex issues, you can’t place into a math formula. But, you can certainly get insight from the math behind it. There are many things being done to fix all these problems. If you ever try to take on one of these problems, you’ll find out it is very hard and time consuming because there are always people that don’t want things to change. It’s clear that prosperity comes from a free market and a capitalistic system. That is what made America the envy of the world. It’s not perfect, but other systems have failed much more terribly.
The Student Loan Scam: The Most Oppressive Debt in U.S. History - and How We Can Fight Back
Alan Collinge never imagined he would become a student loan justice activist. He planned to land a solid job after college, repay his student loan debt, and then simply forget the loans ever existed. Like millions of Americans, however, in spite of working hard, Collinge fell behind on payments and entered a labyrinthine student loan nightmare.
High school graduates can no longer put themselves through college for a few thousand dollars in loan debt. Today, the average undergraduate borro
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Possibly. Contact http://www.studentaidlending.com and ask for Crystal when you call them.
Do you 100% have private loans or FFELP loans, Direct loans and a private loan? I’d need a little more information to help you. If you feel comfortable emailing me more of the situation I can assist you better. tory@toryforpresident.com.
Private loans do sort of screw you over for consolidation. You may want to consolidate all of your other loans and not your private loan. Like I said, I’d need more info to assist you better.
But which figures do you use to make your mathematical model? For example, use one set of figures and you find the richest nation in the world is India, the American Students you mention would also come out as among the poorest people in the world.
I was talking yesterday to a Guy who had come back from the U.S. where he had spent his time like he always does in the States, driving around in a Motor Home. I asked him for impressions of America today, he said; ‘America is ‘stuffed’ their Industries have gone and the people are really hurting, no jobs no money. Britain is ‘stuffed’ as well, we just won’t admit it’.But we both know most people have jobs, most people do have some money. Impressions like mathematical models can be seen differently.
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