Can You Refinance Student Loans After Consolidation?
Question by Minion26 | Posted in Financial Aid
I consolidated my student loans years ago (when interest rates were considerable). Last year I called my lender to see if I could refinance and take advantage of the lower interests rates. I was told that I could not do this because I had already consolidated
Answer: Your lender is right. I would think the only way you could refinance and get a lower rate would be if you borrowed a new loan from a bank or an judiciousness loan on your house and used those funds to pay off the consolidated loan.
Now
Where Should I Go To Refinance A Student Loan Consolidation?
Question by DJ Ango | Posted in Financial Aid
I have $35,000 student consolidation loan which I have been paying off for the last two years with a 7.25% steadfast rate. I've been paying double the monthly payment, but it's been depressing seeing the interest eat up most of that. At this pace I'll
Private Student Loan Consolidation?
Question by MM | Posted in Financial Aid
My economize on and I have a sizable amount of student loans (almost $100,000 combined) that are in private loans through Sallie Mae. My interest rates are objectionable, some are 7% to as high as 15%. Are there any good options for grunt student loan
Answer: Consolidation loans have all but disappeared in the last year or so... even in the big companies like Sallie Mae and Wells Fargo. It is barely not worth it for these companies to make these loans anymore. (Why lax money by consolidation when they are
Refinancing My Private Student Loan During The Current Economy?
Question by desmy | Posted in Financial Aid
I'm taxing to find someone to refinance my student loan for a little more than $13,000. But so far nobody is accepting new consolidations because of the economy. Any ideas?
Answer: Title now, just about all private loan consolidation has ceased because of how student loans are right now, and some lenders have even stopped gift their loan products all together. You'll just have to wait until things start getting more wisely to consolidate.
Consolidation Loans bind several student or parent loans into one bigger loan from a single lender, which is then reach-me-down to pay off the balances on the other loans. It is very similar to refinancing a mortgage. Consolidation loans are nearby for
Answer: I don't see a goal to do it - at all.
I wouldn't do it in case some time in the future you land a job at the goverment that offers to pay part or all of your student loans.
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We have about $11k in a consolidation loan (did a consolidation to prohibition using credit cards and it's been great. The interest class is a lot lower than the
