Private College Student Loan

How to achieve the best student loan consolidation interest rate? And how will I know it will help.

What is a good interest rate for student loan consolidation? I have been offered 4.5% so far...

What is the interest rate for private student loan consolidation at SallieMae? http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private/private.htm Their website says the following: Interest rate: Interest rates are variable and reset monthly. Private student loans, not federal loans. I found the answer on their site. It's Prime (8.26% today) plus 0-6% depending on credit worthiness, changing monthly.

Private Student Loan Consolidation with low interest rate...? Where is a good place to get a private student loan consolidation with low interest rates?

Is 5.375% the lowest interest rate you can get on student loan consolidation? This is the deal Graduate Leverage gave me on a 25yr. payment plan for $31,500 in student loans. My payments came out to only $173 a month. Is this as good a deal as I am going to get on consolidation? (1% is taken off the interest rate after 17 timely payments with a .25% deduction taken off for automatic withdrawal )

Is it possible to postpone student loan consolidation to wait for lower interest rates rates? I graduated 6 months ago with several federal student loans combining more than 40K. Is it better for me to consolidate now or stay put? Will the fed cutting lending rates (now 3%) affect the interest rates that loan consolidators offer? Will i be offered either variable or fixed rates if i consolidate?

Interest Rates on Student Loan Consolidation? I just graduated and I am trying to consolidate my student loans. Right now, they are with two different comapanies which offered me a 7.14% and 7.25% interest rate respectively. I called another company who had sent me literature, and they offered a 6.125% rate for the first 36 on time payments, then it will drop to 5.875% after that. I thought this was a good deal, but people keep telling me that it is an awfully high interest rate on a student loan. Does anyone know if a lower one can be found anywhere, and if so with what company? Is this about the best deal I will be able to get?

Terrible Student Loan Consolidation Rates.? Calling All Finance Majors....... I have 6 student loans (federal) for about $60K total balance. One of my loans has an interest rate of 2.8% FIXED. Everything else is a variable rate, presently at ~6.8%. If I consolidate all loans, I'll end up with about a 5.875% fixed rate. If I don't include the 2.8% loan in the consolidation, I'll end up with two loans, the one at 2.8% fixed rate and the consolidated loan which will become a fixed rate at ~6.8%. The question - I want to preserve the 2.8% part of my student loan with a separate payment BUT I don't like the 6.8% consolidated fixed loan rate. Are there other alternatives to the rates offered by loan consolidation companies that offer less than a 6.8% rate? What have you smart gals/guys done to beat these over inflated rates??? Thanks for all advice.

Will the student loan interest go up? I know there are new rate of student loan consolidation coming out in this coming June. I am wondering what you guys think, the interest is going up or down?

student loan consolidation? I ‘m writing because my wife and I need to know the best way to consolidate her college loans. My wife graduated in Dec. and its time to pay the piper. She has some low interest Sallie Mae loans but the problem is the remainders of the loans are unsubsidized Stafford loans with Citibank. $26,000.00 at an average 6.8%. The monthly payment will be difficult for us to make. We’d like to consolidate but don’t know where to look for the lowest rate. I know some bills in congress are aimed at lowering these rates. We have received solicitations from different loan brokers but they don’t leave me feeling like they're looking out for us. Is it worth it to consolidate now if we'll only be switching lenders when (if) the bill in congress is past? Where can we find information on student loan consolidation rates in an unbiased, consumer advocate atmosphere? Thanks for your help

Does anyone have a private student loan consolidation with Education Finance Partners? Wanted to know if anyone is happy with the service they provide. Or are they like Salliemae where they rip you off and charge astronomical interest rates on student consolidation loans.

What student loan consolidation company has the lowest interest rates?

What are some good Student Loan Consolidation Companies? These crooks known as Sallie Mae have screwed me. Two years ago I started receiving my student loans, and the interest rate at the time was only 2%. I even have a sheet of paper stating that. My total in loans was $42,000. I get my statement in the mail last week and suddenly I owe them $57,000 and they jacked up my interest rate to nearly 18%. I nearly cried. I called Sallie Mae right away stating, I cannot pay $688.00 a month it is just ludicrous. I only have a couple more weeks to find a cheap, but very respectable loan consolidation company. My sister uses Nelnet, but they haven't gotten back to me yet. For all of you college graduates what is a cheap, but VERY respectable and honest Student Loan Consolidation company? You can email me with details if you'd like. Thank You.

is there a website where I can find competitive rates on student loan consolidation? one with interest rate reduction?

Is 4% a good rate for a student loan? Is 4% a good rate for a student loan / student consolidation loan? Tell me what your interest rate is if you have one 4% is what I have after I consolidated all my student loans last year :-x

When consolidating student loans, who's a good lender to switch to get a better discount on loan interest rate? I recently graduated from grad school and owe a little over 150,000 in federal student loans. I've been told about the option of consolidating my loans and switching lenders to get a better interest rate and better rebate on the fees. Does anybody have a lender they'd recommend I switch to during consolidation? Do you have any other advice about repaying federal student loans? Any ways to pay off student loans quickly? Any advice is appreciated. Thank you.

Nextstudent gave me a different interest rate on student loan than I was quoted!? I consolidated my loans with Nextstudent on 03/21/06 before I graduated on 05/01/06. I'm supposed to get a .6% reduction on my interest rate for consolidating before the end of my grace period. Well, apparently, my loan consolidation just went through and my payments are $21 higher than I was orginally quoted. I was first told I would have payment of $257 per month, and an interest rate of 4.5% but when I got my repayment schedule, my payments are $278 a month and the interest rate 6.5%!!!! I don't think nextstudent takes credit scores into account, but my credit score is 793 and I would have thought they could have given me a better interest rate. Plus, my intention was to consolidate before the 07/01/06 deadline when interest rates could no longer be locked in after that date. Nextstudent isn't open until tomorrow and I just want to what my options are. I'm supposed to make my first payment by 10/14/06 (even though the disbursement didn't happen until 09/20 and I'm not even g This is a consolidation loan and the purpose of signing and completing a consolidation loan was to lock in my interest rate and not have a variable interest rate. I believe nextstudent duped me by having the sign the application again after the 07/01/06 deadline; had I realized what was going on, I never would have signed the application a second time. (So much for being financially savvy.) I think I am pretty much screwed.

Any proposed student loan debt elimination programs or interest rate reductions? Has anyone heard if Obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?

Why does Sallie Mae require a cosigner for private student loan consolidation even with good credit? It absolutely makes no sense. Even with superior credit you are still paying through the roof! "If you have a superior credit history and a cosigner on your Private Consolidation Loan (or a cosigner with a superior credit history), your interest rate could be as low as Prime – 0.50% (6.75% APR) with no origination or disbursement fees. If you have fair credit history and no cosigner, your Private Consolidation Loan interest rate could be Prime + 6.5% (13.75% APR)." I worked so hard to build up a good FICO score and need a good consolidation rate. My parents have awful FICO scores. What should I do?

Is student loan consolidation a scam and should one do it soon before rates go up? I am hearing that rates are going up considerably on student loans and that everyone should consolidate to lock in a lower rate. I am not sure though, because I get to deduct the interest on that loan every tax year and my rate is currently under 5%.

What questions do I need to ask to get the best rates and terms on a Federal Student Loan consolidation? Interest rates (Sallie Mae) will most likely be going up on July 1. I have received many, many offers in the mail to consolidate my school loans (these are similar to credit card offers). I do want to lock in at a fixed lower rate before rates increase. Currently, rates vary from 2.75% to 4.75%. What do I need to know to not get screwed? Are some companies more reputable than others? How would I find out? Are there hidden fees to be worried about? I graduate this June.

My student loan interest rates are killing me! Are there any options to lower my interest rate? After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private. Unfortunately, I did this at the exact wrong time and my federal loans are locked in at an interest rate of 6.65%! And without my parents' credit history, the best interest rate I qualified for on the private consolidation loan was 9.75%! Do I have any options for lowering the rate on either loan?

What is the best Private Student Loan Consolidation Program (substantial debt!!)? Is there anyone who knows of any good PRIVATE Student Loan consolidation program? Most lower your payments but do not lower your interest rate. I am looking for a lower interest rate.

Could I please have your private student consolidation loan expertise? I have two private student loans that I start paying on in July. One is 13% $12700 and the other is 12% $12280. I am closing on a condo so I need to get these in order so I can budget accordingly. Are there many good fixed-rate private consolidation loans? Personal experience please? Also, I have a really high credit score...I don't see why my interest was so high in the 1st place. My home loan is super low. What type of payment could I expect if I do not consolidate?

How can I get a lower interest rate on student loans? When I was ending my grace period after graduation college, I consolidated my student loans. I had most of them at 2.48% and a couple at the end that came in at 6.8%. When I did the consolidation, I ended up at 6.75%, then signed up for automatic payments, so now at 6.5%. Is there anyway to lower my student loan interest rate?

What is the best student loan consolidation company? Recently, I consolidated my student loans (undergrad, grad school loans). After I received the final break down, it appears that I will be paying double over the 25 year pay back period even with a 6% interest rate. This is ludicrous and certainly NOT what the agreement stated. I need to find a better company with better rates and soon. Any suggestions - help!!! This company is really not the best and I plan to change soon. Send links and your advice on how they have helped you!

Good student loan consolidation lenders? I am looking to consolidate my student loans with a federal consolidation loan. I know the interest rates are based on federal regulation, but I'm wondering about the other offers/benefits. If you have consolidated loans with a company, can you share personal experience about your lender--customer service, helpful website, quick loan processing, etc etc? Why did you chose your lender? Thanks!

Private Student Loan Consolidation? I have a Private Student Loan from a bank with a Variable Interest Rate. Since the rates are low now, I want to convert it to a Fixed Interest Rate. Is that a considered Loan Consolidation? What companies help with this and who do you think is best? I have found info for Federal Loans, but not for Private Loans which is what I need.

Anyone know of a best place for private student loan consolidation? Hey there, I am looking to consolidate my private student loans, I have a total of about $30k. Anyone know of a place that offers the best interest rate? Thanks for any help.

Whats the Catch with Student Loan Consolidation? I get all these offers in the mail to lower my interest rate for my student loands -- 2.75% for example Are these companies any good? Or I am better of sticking with my 3.7% and 4.5% interest rates This is the linK! https://www.nextstudent.com/consolidation_loans/apply-online/apply-online.asp

Private student loan consolidation? My husband 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 outrageous, some are 7% to as high as 15%. Are there any good options for private student loan consolidation? If not, what other options are there to refinance these loans (would a home equity line of credit be better)? We are both looking to lower the payments and get a fixed interest rate while the prime is low. Thank you in advance for your advice and assistance.

whats the best way to go about student loan consolidation? I have a bunch of student loans and i get a lot of junk mail about consolidating. Who is the best to use for consolidating? What type of payments and interest rates can i expect. I have about 8 different student loans out there, from 4 years of school. Some are private, some are federal.

Are there any third parties that can help with student loan consolidation? I have been using the online services of the federal student loan database as well as my various student loan servicing departments and am coming up with confusing and contradictory information from the various official and private websites, making it so that I am unable to enter the right info on my consolidation application. Is there anyone I can pay to help me make sense of it all? I know new laws about 3rd parties have come into effect, but I do not know what they are or how I can make sense of the incomplete info I find on the supposedly comprehensive student loan database (missing account #'s, interest rates, loan servicing phone number and addresses, etc.). Please advise.

Student loan consolidation? I have a few loans from Sallie Mae. I would like to consolidate them into one loan, hopefully at a lower interest rate. Does anyone have any suggested companies that you have dealt with for student loan consolidation?

My student loans have already been consolidated, but I want to reduce my interest rate? Any options? My student loan was consolidated in 1998-1999. They are stafford loans, used to pay for my law school education. My interest rate is at 8.25%, and apart from decreasing the interest rate by .25% with online payment, Sallie Mae/Bank One has offered me no other options, since my loans are already consolidated. Any options, other than to take out a new private loan for consolidation?

Old Student Loan; Old Consolidation; High Interest; High Payment; No OUT? I consolidated my student loans through sallie mae several years ago (before the great interest rate reduction). i can't reconsolidate. is there anything else i can do to lower my payments?

Private student loan consolidation help? I'm looking into consolidating my federal loans. If I submit an application to find out if I am approved, I will have to give the ok before the consolidation goes through, correct? I just want to make sure that by submitting this application they won't automatically approve me and then I'll be screwed if the interest rate sucks. I would just call the company, but I am at work right now and can't use the phone. Any ideas? I'm going through citibank.

Should I consolidate my private student loans before the June 31st interest rate deadline? I know that the Federal interest rates will be going up to 7.25%, but are the private rates expected to follow suit? Also, is it possible to consolidate federal loans together with private loans in a private loan consolidation loan?

Student Loan Consolidation? I'm just about to graduate from a private college and have a good amount of debt (private and federal). I have been looking into consolidating with Sallie Mae (most of my loans are through them) and it seems like a good deal. However, I also get consolidation mailings from companies like NelNet and Student Loan Xpress and was wondering if anyone has dealt with them before. SM and the other companies all compute your interest as a weighted average so they seem pretty similar. Specifically, StudentLoan Express (a CIT company) says I can get a rebate AND deductions off of my interest rate when I do an automatic payment. I'm just wondering if anyone has used these companies and/or places with rebates. I don't need too much detail with interest rates and such because I understand all of those things (finance major) but anything else would really help. Thanks!

Is 9.5% ridiculously high for a student loan consolidation...should I take it? I am paying one consolidated federal loan, and I have 4 alternative loans about to begin. The only interest rate I can get (without a cosigner) is 9.5%...Should I just do 5 payments a month? That's a lot of $$$ for a recent grad! What would you do? If I take the 9.5%, over 20 years I will be paying about 35,000 in interest. That just seems ridiculous to me...

Is Fynanz (custudentloans.org) private student loan consolidation program legitimate? I've been looking around forever for companies that offer private student loan consolidation. I could never get approved before, because I didn't have a cosigner. I finally have a cosigner with a high credit score and high income. I also have a credit score in the mid 700s. I've never heard of Fynanz and I'm just now reading up on p2p lending institutions. It is a new concept to me. I can't find a single review of their program. Does anyone have any information on them? The terms they list are ridiculously good compared to any previous options and especially compared to the only other current option Wells Fargo. Interest rate between 4.75 and 7.25 percent and cosigner is released after 12 months of on-time payments. My loan balance is $34,000 and the interest rate is a whopping 14 percent.

Can you refinance student loans after consolidation? I consolidated my student loans years ago (when interest rates were high). 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 my student loans and you would not refinance without consolidation. Is there any way around this? I am back in school and currently paying cash for tuition. If I instead took out a small student loan this term, could I then consolidate that loan with my other student loan and take advange of the lower interest rates that way?

Which are the best student loan consolidation companies? Lowest interest rate

Should I consolidate my 18,000 student loan to lock in an interest rate of 5.07%? I'm actually like 3 seconds away from completing my consolidation application but decided I would ask Y/A first, just to make sure. My student loan totals about $18,000 and was broken up into 6 dispersements. 2 of them have a fixed interest rate of 6.8 and the other 4 have a variable interest rate which used to be over 7% but since July 1st has dropped to 4.2%. If I consolidate my loan now, my entire $18,000 loan will have an interest rate of about 5% for the life of the loan, and I will pay about $150 a month for 15 years. Currently I am paying $230 a month. This seems like something I should definitely do, and I was wondering if everyone agreed. The only thing I'm afraid of is if 5 years from now interest rates go done to like 1.5% and I can't consolidate them again!

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!!

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, every 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 don't 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.

How many times can you consolidation Private student loans? Does anybody know how many times you can consolidate private student loans? Right now I have approx $26K in student loans consolidated with Sallie Mae at about 10% interest rate. I would like to get a better one, but have already consolidated. If I can only do it once, do loan companies actually lower the rate based on credit and payment history?

Student Loans Consolidation? From what I understand, loans consolidation means to stabilize the interest rate from going up right? What if the government cut the interest rate? I mean when I consolidated my student loans last year it was 6.25%, now I just heard that the government cut down the rate to nearly half. So do I have to pay back my loans with 6.25% interest rate due to the consolidation or the new low rate? Thanks

Who do you recommend for loan consolidation? My husband and I would like to consolidate our student loans. I was wondering if anyone recommends any reputable consolidation companies that offer a low fixed interest rate?

Best student loan consolidation. Mine after 5 months just turned me down!? I used education direct in may and all was well, recieved notification they had received loans and payments to those loan holders then all of a sudden they said no, and that payments had been returned just last Thursday(long after july deadline to lock in good interest rates! Now what do I do?)

Where should I go to refinance a student loan consolidation? I have $35,000 student consolidation loan which I have been paying off for the last two years with a 7.25% fixed rate. I've been paying double the monthly payment, but it's been depressing seeing the interest eat up most of that. At this rate I'll be paying it well into my 30s. Where should I go about refiancing? I have excellent credit, a well paying job, and interest lates are low now, so I figured it might be a good time to refinance. Is that a fair assessment? If so, where should I start?

Private Student Loan Consolidation? I have about $100,000 in private student loans at a variable interest rate. I was unable to consolidate them at a fixed rate due to the credit crisis.(Sallie Mae stopped making these "private" student loan consolidations). Does anyone know of a lender that is back in this market and making these kinds of loans?

Did having a student loan consolidation help you pay off your loan? Did getting a student loan consolidation significantly lower your monthly payments? Did it change your interest rate? http://www.mahalo.com/answers/financial-aid/what-are-the-pros-and-cons-of-student-loan-consolidations

Where can I find debt consolidation for "private" student loans? I am a young professional that is over my head in private student loan debt and credit card debt. I have found several companies willing to help me with my credit card debt but no luck with the private student loan debt because it is not considered "secured" debt. My interest rates on these loans are over 20% making my monthly payments total $700. Because I have credit problems in the past I am considered a "high risk" thus unable to get the banks to reduce my interest rate. Does anyone know of an agency that is willing to help people with "private" student loan debt? I am looking for some type of debt consolidation that would reduce my interest rate and lower my monthly payment. Please keep in mind these are private student loans not government loans. Thanks in advance!

Does anyone know of a student loan company that does spousal consolidation? We know the downside of - if one of us dies the other is responsible for the loan - but we both have such high interest rates and would love to consolidate before they go up again. We are trying to simplify our finances and reap the benefits of smaller payments...

What is the best bank/financial institution for student loan consolidation ...and should I wait? I'm looking to consolidate my student loans. All my loans right now are NJ CLASS loans and are at around 6.1% ...which is low, but in this climate I'm certain I'll be able to find lower than 5%. I'm interested to know what are the best banks/financial institutions to work with (from your experience and knowledge), and should I wait for rates to go lower? I know rates are going down, and fast... how long do you guys feel I should hold-out for? I'm pretty sure credit scores factor in, but in any case I'm certain it's "good" to "excellent" (I haven't actually checked but I have no outstanding credit card debt and I'm 99.999% on time/early with payments on all my credit lines).

What kind of loan can I get to consolidate private student loans? I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments-- is there something similar I could get for a personal loan? THANKS!

Consolidation Student Loans when deffering for school? I am about to go to graduate school in the fall so I will be deferring my student loans. Right now I have a Stafford and Perkins loan. Should I consolidate these before deferring? Also, when deferring are my interest rates locked or do they increase? Anyone have a real answer or experience?

Student Loan Repayment and Consolidation? Hello everyone! I just graduated and have about $100,000.00 in total student loans including Govt. subsidized / unsubsidized Stafford Loans and Private loans. About $50,000 is in Stafford loans with an interest rate of 6.8% and $50,000 in "Signature Private Loans" at about 10%. They are all with Sallie Mae. I'm in the 6 month "grace period" now. I'll be going to graduate school starting this spring (in seven months) Any advice on if/how/with who I should consolidate my loans with and how do my interest rates look. Any ways to get them lower? I have great credit, a co-signer with great credit and a full time job. Any help on figuring out the best way to pay this stuff back/make my payments lower, would be great. Any other advice is also welcome /and/or personal stories from those who have gone through this process. Thanks!

What pitfalls might I encounter when consolidating my student loans ? I have $16,000 in student loans. I graduated in May '07 (6 months grace period ends Nov '07), and I need to know whom to trust in loan consolidation for an interest rate reduction. I have received several offers through the mail, each promising interest rate reductions (each lender uses letterheads suggestive of affiliation with my college). How can I find out the best strategy before my grace period expires ?

Student Loans - what happens when they are sold to another company? I'm looking for a consolidation loan. There are so many companies out there. I heard that some of the companies with great promotional interest rate discounts (e.g. for on-time payments, enroling in auto debit etc.) turn around and sell your loan to another company. When this happens, do the terms have to remain the same as the original consolidated loan (ie interest rate, payment schedule etc.)? I'm hearing mixed things about this. I contacted the Federal Student Loan information center and was told conflicting things as well.

Loan Consolidation question with NextStudent?? I want to know if anyone else has been screwed by NextStudent. Originally, I was quoted to have a 5.0 fixed interest rate for consolodating my student loans. After some time went by and the loans got processed... they said that "Xpress Loan Servicing" will be my lender and the interest rate that is shown on my bill is now 6.625%. Can anything be done about this? What can I do?

Should I consolidate my federal student loans? I have undergraduate and graduate loans with interest rates over 8.02%. The amount of the loans are also significant. I know I missed the deadline for the rates at the end of June. But should I consolidate at this time? I am having a difficult time finding permanent employemnt also. Are there deferments/forbearrances with consolidation? Also, which are the best consolidation loan bearers (hope that's the correct term) to choose.? Thanks all for any assistance provided.