Private College Student Loan

How do student loan consolidation programs work? Are they backed by the federal government?

Where can I find information on the current federal student loan consolidation rate??? I see various rates online. Some as low as 4.7% but is there a government or official site with the information?

I am being constantly harrassed by Student Loan Consolidation outfits. What is the ripoff or horror of this? How can a person consolidate their loans clear down cheaper than the federal government originally offers it for? There must be a catch for these companies to make money, right? Are these set up like credit cards, where you have to pay on time everytime and if you miss a payment and try to make up for it by sending extra, they'll add on their fee and raise your interest to whatever they want to charge? Does it lock up everything you own as well?

Tackling Private/Federal Student Loan debt consolidation with 100% income? I have a plan this school year, to take out federal student loans, collect whatever grants and scholarships I can, and handle the remaining expenses with a private student loan from who I bank with (Wells Fargo). Then, consolidate those loans, and throw 90%-100% of my income at it automatically for the whole school year. All things considered, dorm, declining meal balance plan, tuition, and books. I'm looking at total expenditures amounting to over $18,000 USD I earn approx $15,000 USD per year at my current job. Living on campus would be cheaper for me than to continue staying in my own apartment. I figured that if I have things like living expenses already covered by the loans (food, dorm), and I only get like $50 for myself out of my paycheck, and the remainder of the money gets funneled at the debt... that would put my credit in a good spot to repeat the process for the next school year. In turn, if I do this all 4 years, and get my Bachelors in Biology, Id only end up owing about $16,000 after 4 years instead of nearly $100,000 like many students. The only thing Id need a little cash for, is transportation (I use my bicycle, and public transportation... car insurance is too expensive), and money for laundry, and a little pocket change to go to the movies with some friends on occasion. Thats why I would want about $50 from my paycheck or so. I think this plan can work, and I'd like any helpful input that everyone might have. Long-term, I intend to go to medical school and study to be a doctor (GP and cardiologist). I'm not interested in money. I want to do this, because I seriously believe that our government will NOT take the necessary steps to save itself from the "economic globalization efforts" that threaten the U.S. Dollar as our global reserve currency. I sincerely believe that we will find ourselves under the banner of the "Bancor" one day. If that happens, things are going to change in the U.S. I believe the welfare aspect of our country will be totally shot. No more "helpful handouts" for Medicare, Medicaid, etc. So I want to be a doctor in order to VOLUNTEER to help the population when those hard times come. People understand that doctors should be paid, even if they are so poor that all they can afford is to bake you a cake and give you their love. I'm attending Nova Southeastern University. Though I am considering going to a UNCF (United ***** College Fund(ed)) school (Bethune-Cookman?), after I finish my first year at NSU, to get access to more scholarships. I plan to get married. My girlfriend is still living with her parents in Richmond, VA. So maybe not till I complete my Bio major. Anyway, does anyone have any advice on my plan? To answer Mr. Buresh: Uh, thanks. I'm not actually in an "adverse" situation. I'm just looking for a few quick 2nd and 3rd opinions on my plan, and any extra ideas if someone has any.

Student loan consolidation question...? I have a government loan (the Ford Subsidized Loan) and a private loan (the SELF loan). I was told that I couldn't consolidate with a federal and a private loan. Is this true? Can anyone give me any insight to student loan consolidation? My loan payments will be starting in early December for the Ford loan, so I would like to figure it out ASAP. I have an excellent credit rating and I have always made my loan interest payments on time. I don't know if that helps or makes a difference. Thanks!!

Federal Direct Loan Consolidation? I have recently signed up for a Rehabilitation program with the debt collector of my Federal Student Loan which is defaulted. I was told to contact the TSAC hot-line to determine if my taxes would be taken and applied to my balance...and it will be. I was referred to do a loan consolidation and instructed to file my taxes after the loan is consolidated. The loan is supposed to be bought by the loan consolidation company an will no longer be in TSAC's possession and I will have to make scheduled payments to the loan consolidation company. Therefore, the loan will no longer be in defaulted status and the government will have no means to take my income taxes. Am I missing something in this process (besides the interest, etc.)? Is this all the way true? I have been doing research and am a little confused. Please help. **No smart-aleck comments please...this is serious. Thank you***

Anyone other than Wellsfargo & Chase still doing private student loan consolidations?.? I have a problem here and I’m hoping someone can give me some direction. I have about $50k in government backed (sub & unsub) student loans I used for my bachelors and masters. Those are now coming due and I’ve got an application into the US Dept of Ed to get a federal consolidation on them. I think that will be fine and roll into one manageable payment. BUT I also have another $70k in private education loans with a few different lenders that I needed to make up the gaps over the years. I need to consolidate those but it seems like not nearly as many lenders are doing private consolidations anymore??? I know why, the economy and credit conditions. Chase and Wellsfargo are still but I tried and they both denied me saying my debt to income ratio is bad. I have like a 750 credit score and about $60k a year in income and beyond these education loans though I have a small under $15k car loan and that’s it, no credit cards?? The several different payments spread out on these private ones are high and killing me. Does anyone know what I can do or where I can turn?? It looks like the Dept of Ed won't touch private loans either, tried that avenue...Thanks.

Private Student Loan Consolidation, a good lender? I owe over 100,000 need low monthly payments.? Hello, I recently graduated from college, about a little 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 every month. I've 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 haven't 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

How can I consolidate my private student loans? I recently graduated, and I'm trying to consolidate my student loans and reduce my overall monthly debt. I know that I can easily consolidate my federal loans, and I save quite a bit of money, and the actual cost is quite minimal in the long run. However, I have several private school loans (Chase, Wells Fargo etc) that I would like to consolidate. The sites/companies that had decent terms no longer offer private loan consolidation due the to new Education Reform. I looked into the Education Reform briefly and saw that it increases the loan and grant amounts for the government loans, however, I don't see anything that helps out recent graduates, or people with existing loans. Anyone know of anything in the Education Reform that may help me out, or can recommend any company to consolidate my private student loans.

When is the good time to consolidate my student loan? I have 30K federal student loan, currently on a average 7.25% interest. It seems way too high than normal, am I right? When is a good time to consolidate? Private or government consolidation is better? If pricate, which orginization you will suggest? thank you By any chance anyone know what is the rate right now for consolidated interest? If I don't want deferment after consolidation, would that be possible? Also, when the interest rate will chance? I once heard every June. They will tell you what is the interest is going to be for next year. What is the interest rate go down? and I consolidate right now. Isn't that mean I lose money?

Can I consolidate all my student loans listed at NSLDS? My NSLDS account (http://www.nslds.ed.gov ) lists several student loans I have, both direct and non-direct, subsidized and unsubsidized. Now the government's Direct Consolidation Loans (http://www.loanconsolidation.ed.gov/ ) claims I can consolidate "U.S. Department of Education Direct Loans, U.S. Department of Education non-Direct Loans, Perkins, and Federal Family Education Loans". Does this basically mean I can consolidate ALL the loans I have listed at NSLDS? I'm assuming all my loans listed on the NSLDS are government loans, either direct or non-direct, right?

How and WHERE do I obtain a 7 to 10 year unsecured loan for $28,000? I want to consolidate my 3 student loans (held by PRIVATE banks, not the federal government) and my current 3 lenders do not offer consolidation services, and my personal bank requires collateral. I have good credit and a solid payment history. Can you tell me the name of banks that offer what I'm looking for?

what are the federal laws about consolidating student loans? i want to get the best rate on my consolidation- does the government have a program or all the agencies private

strategy for getting out of debt? please no judgement, just effective strategies. I have 70k in private student loans with a variable student interest rate of 6-12% (private student loan consolidation is no longer an option). I have 120k in federal student loans with 4-6% interest rates. 5000 on a 19% credit card 5000 on a 0% credit card (for twelve more months) and 4,000 on a 23% credit card. I finally secured a government job, I bring home 2,600 for 26 paychecks a year and next year i'll bring home 3,000 for 26 pay checks a year. I have my monthly house hold bills under 1000 and contribute 5% of my salary to a TSP (gov ret program).

I have about $12,000 in debt.....? including $4600 in federal student loans. Where can I get like a government grant to reduce these debts? or where can I go so i can get some debt consolidation?

Can anyone get a student loan consolidation? If so, where? I have to start paying my student loans in November. Honestly, my credit is not good at all but figure it would not matter since these loans are guaranteed by the government. Please let me know where I can get a consolidation where credit doesnt matter!! Thanks :) For clarification, all of my loans are federal subsidized and unsubsidized stafford loans...

How can I consolidate my private student loans? I recently graduated, and I'm trying to consolidate my student loans and reduce my overall monthly debt. I know that I can easily consolidate my federal loans, and I save quite a bit of money, and the actual cost is quite minimal in the long run. However, I have several private school loans (Chase, Wells Fargo etc) that I would like to consolidate. The sites/companies that had decent terms no longer offer private loan consolidation due the to new Education Reform. I looked into the Education Reform briefly and saw that it increases the loan and grant amounts for the government loans, however, I don't see anything that helps out recent graduates, or people with existing loans. Anyone know of anything in the Education Reform that may help me out, or can recommend any company to consolidate my private student loans.

really need help? 1: Which was NOT a major success of Reconstruction in the South? an end to racist government policies the transformation into an industralized, urban region an end to tensions between the North and South all of the above 2: The main goal of the Ku Klux Klan during Reconstruction was to prevent African Americans from exercising their rights gain control of the state legislatures restore the Confederacy improve the conditions for poor whites 3: The Fourteenth Amendment was part of a series of laws that changed the way a President could hire government officials ensured the civil rights of African Americans restored the balance of power between the President and Congress shifted the balance of power in favor of the Supreme Court 4: Reconstruction succeeded in rebuilding many of the South's plantations forts railroads banks 5: The expansion of American industry was sparked mainly by public welfare programs technological advances and financial investments a decline in productivity in Europe government involvement in the economy 6: One thing a person could do in 1900 but not in 1865 was ride on a train sew a dress play a phonograph read at night 7: How did John D. Rockefeller gain control of the oil industry? He formed a trust. He practiced vertical consolidation. He joined a cartel. He practiced free trade. 8: The nation's first major labor strike was begun by railway workers angered about wage cuts and unsafe trains steel workers upset by the use of scabs women protesting lack of advancement in factories Pinkerton agents who threw a bomb at police 9: What was the one key requirement that applicants had to meet to receive land under the Homestead Act? They had to live on the land all year long. They had to farm the land for five years in a row. They had to file a claim with a bank. They had to wheel portable cabins from plot to plot 10: What was a major incentive in the settling of the West? the legal, private ownership of land the award of large land grants to the railroads the desire to limit slavery the refuge offered for outlaws and the oppressed 11: One reason that the United States became more urban during the late 1800s is that farm machines and factory-made goods reduced the need for farm labor nobody wanted to live on farms anymore immigrants did not know how to do farm work union organizing of farm workers had not yet begun 12: Where did European immigrants often settle in the United States? in western railroad towns in their ports of entry in the South near lakes 13: Prohibition groups saw a link between drinking and abuses by big business lower public morals anti-Asian feelings high tariffs 14: Reformers who tried to solve social problems by helping the needy believed that immoral behavior should be punished by deportation stricter laws were needed to discourage unacceptable behavior prosperous Americans should lead reform efforts the cultures of immigrant groups should be respected 15: During the late 1800s and early 1900s, what segment of American society was most likely to attend college? wealthy white men New Englanders gifted students middle-class women 16: During the early 1900s, most African Americans who went to college attended fully integrated universities African American colleges religious-based schools separate branches of white colleges 17: How did southern states keep African Americans from gaining political power? lynching segregation voting restrictions de facto discrimination 18: Why was the Open Door Policy important to the United States? It gave the United States territory in China It gave the United States access to millions of consumers in China It increased Chinese investments in the United States It kept European goods out of China 19: The United States followed a policy of expansionism in the late 1800s because European nations were eager to sell rights to their colonies many Americans were demanding high-quality foreign goods US factories needed foreign laborers the nation sought more markets for its goods 20: The first action of the Spanish-American War took place in the Philippines the Gulf of Mexico the harbor at Santiago, Cuba Puerto Rico 21: Among Latin Americans, United States actions related to the Panama Canal created hope for a prosperous future ill will toward the United States calls for Roosevelt's impeachment a long-lasting economic crisis 22: Progressivism was halted by the efforts of the NAACP World War I the repeal of the prohibition amendment the victory of the Bull Moose Party 23: Which belief was held by most Progressives? The government should be more accountable to its citizens. Housing and healthcare should remain private. The government should protect agricultural interests. The government should intervene in unfair business practices. 24: One goal that Progressives did not seek was the moral improvement of society the reduction of government corruption a ban on strikes child labor laws 25: One way reformers hoped to end corruption in government was to establish an income tax give voters more direct say in lawmaking provide more welfare services use the army to oust political machines 26: The platform of the Bull Moose Party supported unregulated competition the 12-hour work day women's suffrage a Federal Trade Commission 27: Under the terms of the Sussex pledge, the German government promised that the German navy would not attack any American ships German ships would not blockade Britain and France German U-boats would warn ships before attacking the German army would never invade Russia 28: The United States decided to enter World War I in response to Germany's return to unrestricted submarine warfare France's fall to the Central Powers the Czar's growing support in Russia a filibuster by United States senators 29: German submarines aimed to atack ships that were carrying weapons to the Allies passengers to the United States food to the Central Powers oil to Mexico 30: At the Paris Peace Conference, President Wilson's program for peace angered the Russians met no resistance among the Allies was backed only by France underwent several changes 31: After Wilson presented the treaty to the United States Senate, the Senate ratified it only the "irreconcilables" backed it the Senate rejected it only the "reservationists" backed it 32: One result of Prohibition during the 1920s was an increase in alcoholism a decline in dancing and socializing the rise of organized crime the creation of urban artistic colonies 33: Which of the following was a long-term effect of Prohibition? the consumer economy the growth of organized crime an end to alcoholism in the United States the rise of fundamentalism 34: William Jennings Bryan took up the cause of fundamentalist Christians at speakeasies in Chicago on new buses to the suburbs at the Scopes trial in Hollywood studios 35: Key features of Republican administrations of the 1920s included expansionism and business regulation isolationism and laissez-faire business policy a buildup of armaments and armed forces reduction of quotas and increased immigration 36: Why did many Americans fear Vladimir I. Lenin and his followers, the Bolsheviks? They promoted a system that was hostile to American values They refused to pay back Russia's war debts They had abolished the Russian monarchy They encouraged other nations to reject socialism 37: Generally, the 1920s were marked by rising farm prices rising stock prices falling production falling wages 38: One sign that the economy might be weakening in the 1920s was uneven distribution of national wealth underproduction of consumer goods an increase in personal savings the collapse of large corporations 39: Which statement best describes the American economy in the 1920s? Wages decreased and the economy appeared weak Unemployment was at an all-time high Stock prices rose and the economy appeared healthy Small businesses dominated American industry 40: In the fall of 1929, a wave of panic selling gripped the stock market as a result of a sudden fall in stock prices corruption among stockbrokers business failures government limits on speculation 41: Not long after Black Tuesday, the stock market crash was affecting only those who had invested heavily in stocks wealthy industrialists almost exculsively millions of Americans, many of whom had never owned stocks mainly stockbrokers and banks 42: Why did FDR declare a "bank holiday" early in his administration? to cut of the use of cash to weaken the banking industry to inspect the financial health of the banks to give people in the banking industry a well-earned vacation 43: Which New Deal agency was created to help businesses? Federal Reserve Board National Recovery Administration Civilian Conservation Corps Home Owner's Loan Corporation 44: Which of the following did New Deal programs fail to address? protection of domestic workers low prices for agricultural products the decline of industrial prices Native Americans' need for schools, hospitals, and irrigation systems 45: All of the following New Deal agencies still endure today except the Tennessee Valley Authority Federal Deposit Insurance Corporation Civilian Conservation Corps Securities and Exchange Commission 46: What did Italy, Germany, and Japan have in common in the 1930s? They overturned traditional governments and established democracies. They were economic giants and together controlled world trade. They sought to solve their nations' problems through conquest They angered other nations by their persecution of the Jews 47: Although Communists and Fascists have traditionally been enemies, in 1939 which Fascist made a pact with which Communist? Hitler with Chamberlain Hitler with Stalin Hitler with Franco Stalin with Franco 48: Nazism was an extreme form of communism fascism nationalism none of the above 49: During the 1930s, the United States focused largely on preparing for war domestic affairs international affairs international and domestic affairs 50: Congress passed Neutrality Acts that were designed to support other neutral states around the world support other nations in the Western Hemisphere limit international involvement allow nations to purchase weapons on credit I know this is a whole lot i have done all this i just dont wanna turn it in untill i know its totally right please helpp &&&& please if you have nothin good to say and if your going to yell at me not comment.. THANX