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My husband and I are both in college right now and we have a few student loans each so far and I’m wondering… after school is over is there anyway we can get our student loans consolidated jointly? has anyone heard of this or know how to go about doing it?

Popularity: 2% [?]

I am a May 2008 graduate with a significant amount of debt.

Because I transferred, I have over $50,000 in a number of private and federal loans from different companies in two different states. I just have a few questions about consolidation.

1. Can you consolidate both federal and private loans into one?
2. I just started working, so I don’t make that much, do you think consolidation is a good option? I can make the payments, but it makes everything else a lot tighter.
3. If I consolidate, what companies can I trust?
4. What companies are best?
5. What if I go back to grad school later and need to take out loans again? Can I add to the consolidation? Or does something else happen?

Any information will help. I am trying to be responsible and budget, but having a number of student loans is making things pretty difficult. Thanks in advance!

Popularity: 4% [?]

She wants me to begin paying it back but I noticed the thing is actually 3 seperate loans and all have 8.02% interest. My school loans only have 2.6%. I tried the consolidation calculators on the website and it did not improve the interest rate only lowered the payment. Any ideas on how to get a significantly lower interest rate?

Popularity: 3% [?]

By the time I finish school next year, I figure I will owe the following in sub/unsub student loans:
$12,990.02 2.875% (Student loan deferred from last time I was in school, 82 mths (of the 120) left in payment term.)
$10,884.10 6.80%
$13,000.00 6.80%

I used the payment estimator and it said my monthly payment will be $455.26! Will my mthly payment be lower when I consolidate the loans?

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I have about 10k in credit card debt, and I got a 10k line of credit consolidation loan. All my cards are 90-95% full. Should I dump everything into my line of credit or should I split it between all of them so that no one credit sourceis maxed out? Is it ok to max out one source of credit? THANKS!
BTW, I got the loan simply because I had high APR on my cards. This lets me save a bit of money. I had trouble with cards starting at school when i couldn’t work….so now that i’m working i barely use them. I will not be running them so high ever again

Popularity: 5% [?]

I am going to be going into a two year paralegal program starting in the fall and I am pretty sure that I got the Stafford Loan for $3,500 and I got a grant for about $900. The Paralegal program will end up costing about $11,000 so I’ll need to take out a private student loan.

I find all of the financial aid and loans to be very confusing but I was looking at a private loan through Chase Manhattan bank that didn’t seem so bad. I was wondering about loan consolidation. Are there any banks that will consolidate federal stafford loans and a private loan together to help you have a lower monthly payment? Chase Manhattan said you cannot consolidate a federal and private loan but I was wondering if maybe another bank would do that? Or is there another smart way to go about handling your loans after graduation? I’m just trying to think of the whole picture and plan for graduating.

Also, when you take out a private loan it seems like they all have the variable thing going on..why don’t they offer a fixed rate? Do you try to consolidate and get a fixed rate when you’re done school?

Like I said before…financial aid is very confusing to me. Any help would be greatly appreciated.
Thanks!

Popularity: 4% [?]

Right after Christmas, my grandpa died and since I helped financially for the funeral and gave some to my grandma, I had to pinch to make my credit card payments…before I got my bills my landlord raised my rent… I had to put all that pinched money up for rent! And have since missed a few payments on my credit cards…. Terrible I know!
Now my payments are more than I make in a paycheck! I have cut up my cards about a year ago and have been working on paying them off since. I don’t have much debt in the cards. only about $1,200 between the two of them. I manage my rent, cell phone, and school loan payments just fine. The only problem is the credit card bills. I was thinking about trying to consolidate them… or taking out a small loan just to pay them all off so the interest stops getting me. What do you suggest? Am I thinking correctly?

Popularity: 4% [?]

What can you tell me about student loan consolidation? any advice? I have about $22, 000 so far but will probably be going back to school still. If I get any other loans how will that affect my consolidation?? HELP!!

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By UF I mean the University of Florida, I need some way to network myself with the soon to graduate and the med school/law school/graduate school students.
I don’t need a debt consolidation company, I’m going to start working for one. I need to advertise for it.

Popularity: 5% [?]

So I recently got out of college and thinking about loan consolidation. I consolidated my Federal Direct Subsidized Stafford Loan a year or so back before the interest increased to 6.8% (While I was still in school). Since that consolidation, I was still in school and accepted another year’s worth of Federal Direct Sub Stafford Loan. I also have Perkins Loans.

Would it make sense to consolidate my last year’s Direct Fed Sub Stafford Loan to my existing consolidated loans? Should I also consolidate the Federal Direct Loan with it too?

SallieMae: 5.125%
Direct Loan: 6.8%
Federal Perkins: 5%

If I consolidate those three all together, the weighted interest would be 5.375%

Should I leave Perkins Loan out and just reconsolidate my SallieMae with my last year’s Direct Federal Sub Loan? This should be then 5.625%

Popularity: 5% [?]