Private College Student Loan

What are the current student loan consolidation rates? What are the current rates, and with the fed cutting rates, what are the chances the student loan rates will decrease as well? And if so, when?

What are the current student loans consolidation rates?

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?

current student loan consolations rate? can anyone tell me what the current student loan consolation rate is? Do you know any lenders that will let me consolidate 45k and repay it over 20 years?

Why does my lender want me to refinance my student loan? I keep receiving mail from my lender telling me to refinance before July 1, when the rate on my current, adjustable rate student loan will increase. I understand how this benefits me, but what does my lender get out of the deal? Why are they advertising this? Do they expect rates to drop enough over the course of the loan that I would be better off sticking with the adjustable rate?

Help!! I need federal student stafford loan current rate information!!? I'm trying to figure out my stafford loan interest rate-and it seems impossible!! Does anyone know the right website to find this out? I have my FAFSA pin-but the FAFSA website does not seem to do this. Please help soon!!! Also, does anyone know who is the best company to consolidate with? I'm goin' CRAZY here!!

how to find student loan interest rates from prior years? How do I find the interest rates on my student loans? I have subsidized and unsubsidized student loans starting from 2005-2011. Who do I send the check to? the current servicer, the current lender, or the current guaranty agency?

If I transfer government student loans to a private loan business, can I still write off interest on taxes? I currently have salliemae Federal student loans at 6.8%. I have an opportunity to take out a loan somewhere else for 2.7 % and pay off the higher interest rate loans. But will I still be able to write off the interest from this new loan as I do with my current student loans?

Am I able to get the interest rate on my student loan lowered? I had a federal stafford (subsidized?) and a stafford (unsubsidized?) loan, I believe they were called. I didn't have to pay anything until I finished college. Now the 2 loans are combined into 1 Wells Fargo loan, and the current interest rate is about 8%. Since interest rates have fallen quite a bit since I started repaying the loan ~4 years ago, am I able to get my rate lowered?

What is the current interest rate for student loans? Please give any web sites where you got your info from or links:) THANKS!

I earn less than my current student loan payments. What can I do? I currently work in a public interest job and earn slightly less than my current student loan payments... my lender has not worked with me to help me refinance. Each time I fill out an application to change my rates or defer my payments, the application is rejected and I'm told that a "new" plan exists and I now have to file a separate application for that plan. I feel like I'm getting the runaround. I just want to stabalize payments so that this one bill isn't more than what I earn. Also, do I have any recourse for what my lender has done to me? It has been 8 months of going back and forth and they keep rejecting my refinance applications because THEY change the terms, not because of any problems with my paperwork. This just can't be legal, can it?

What is the current and best interest rate for a private student loan?

Student Loan, number of years to pay? I am interested in going back to school to get my MBA. 3 Questions : 1) What is the current interest rate on student loans 2) What is the typical number of years it takes to pay back a student loan 3) Are there any resources that you can recommend to me?

Anyone know the current interest rate for a student loan??

What is the current prime rate for private student loans? What is the prime interest rate currently for private student loans? Can someone give me a link?

What is the current interest rate on new student loans? Im in America and want to know the current interest rate.

Can any student loans be consolidated at current very low interest rates to help us financially? My 8.5% student loans are like credit card rates. Are the banks profiting on this? My Direct Federal Student loans do not qualify to be consolidated at a lower interest rate. I inquired already. I am struggling with $900/month payments and can't use home equity money because my home is devalued. I have 4 Parent Plus Federal Student loans at interest rates from 6.5 to 8.5%, yet home mortgage interest rates are as low as 4% and in some cases, lower. Why this difference and who is profiting so much? It seems that consumers who have invested in education of their children should not have to pay high interest.

thinking about refinancing to pay off student loan. I have a current interest rate of 5.50 on mortgage.? The question is though is it smart to refinance and take out the $40-45000 that I need to pay off student debt? at least then I would just have to worry about paying off my home only. I think my student loans have an interest rate of a little over 4%. My mortgage was 186,000 originally and I owe $158,000 now but the house was appraised at a little over 200,000 recently. I guess I am just worried out what I will be paying after I am done with school (11 more classes to go). single parent and I own my house........is 1462.00/mo..car note 211.00/mo.

Bank of America Student loan Interest rate? What is the current interest rate for a student loan through Bank of America? If you could send a link that would be wonderful, either way thats for answering.

Deduction of Student Loan interest, did I lose the deduction? My daughter and I refinanced her current student loan into a seperate private loan with a much better rate. However, is this new loan considered still a studen loan? By all appearanced on the outside of this, it is just a plain jane loan. I don't get a 1098-E, or anything. So while I got a much better rate, did I lose the "student loan" status? I think I just inadvertantly lost a great deduction. Thanks

All of my current student loans are at fixed rate, is consolidating with the MedLoans program my best bet? My Sub/Unsub Staffords are @ 6.8 (fixed) My Grad Plus is @ 8.5 My Consolidated is @ 4.75 I'm graduating medical school this spring and from my understanding there is no benefit to waiting and consolidating later since all my rates are frozen. MedLoan will give me 0.375% off my weighted average on these loans (6.25-0.375%) as well as a 0.25% discount if I use a direct withdrawl option for payment. Anything better out there for me?

How do I go about refinancing my student loan? A few years ago, I received a Sallie Mae student loan for about $8000 with the understanding that the interest rate would be about 4%. To my dismay, I recently found out that this rate was not fixed, and my current rate is now just over 9% - more than double the original! How does one go about refinancing a loan of this (small) size? Assuming my credit is good, what fixed rate can I expect to recieve? Thanks in advance.

Where can I get a better INTEREST rate for my student loan? I'm out of college for two years and I'm very much interested in paying off my student loan in the fastest manner possible. My current debt is $41,374. The fixed interest rate is set at 4.125%. Are there any options out there with a lower fixed interest rate? I have great credit.

I have 80k in private student loans at a variable rate, should I try and get a fixed rate since rates are low? With the Fed lowering rates so much now should I shop around to try and get a fixed rate that may be a little higher than my current variable rate (5.25%) or stay with the variable rate? Should I be in a rush to pay this principle off or just take it as it goes? I am 24 and working at a financial services company in the IT shop. Thanks

How can I get out of my consoldiation for my student loan? I consoldiated, my loans last year I am not scheduled to graduate until May of '08, and I am getting letters stating that I need to start making my payments in May of '08. Also now I am being told that I cannot get defferments, because I consoldiated my loan and that waves my right to deffer payments. I did it because they said we had to in order to keep our current rates. Someone told me that they weren't supposed to let me consoldate because I was in a jonoir standing any this only open to Seniors. Please help. Thank You

If I've already consolidated a student loan, it's fixed at 2.6, should I consolidate again? Current rate?

What does the current Rate cut mean? 10 pnts for best answer!? Does this mean there will be a lower rate if I take out a personal loan? Does it mean my student loan rate will drop? Whose rate are they really cutting? HELP I have some loans that I am willing to refinance if I can

what is the current rate for student and personal loans? im doing a math project?

How can I refinance my student loan? I know my stafford loans are fixed at 6.8% since it disbursed after July 1, 2006. But with the current prime rate at 3.25%, where can I consolidate my stafford loan to a lower interested rate? next month my grace period is up. How should move forward in finding out some details about consolidating? thanks

Should I finish paying off my student debt before I start to invest in the stock market? I'm looking at about $15,000 in federal student loans. I believe the current rate is around 7%, but I'm hoping to consolidate and get it down to 6%. Should I pay it all off in a hurry and then get to investing, or are there certain type of investments that are worth getting into right away? Thanks!

How can I lower the interest rate on my student loans? I owe about 35,000 in stafford student loans (17,500 subsidized and 17,500 unsubsidized and want to lower the interest rate. Right now it is at 6%. I'm still in school but at the current rate I am being charged about 3.00 a day interest on the loans that the the government isnt paying the interest on. I've heard of consolidating but I don't really know how it works or where I should go to begin or even if I can consolidate since I'm still in school. Help!

current legitimate student loans? does any one have any information on today's personal non-federal student loan lenders? Any good deals as far as the interests rates and such.. thanks!

Where to look for ALTERNATIVE student loan for person who's only cosigner has bad credit? Working with my financial aid office I am maximizing my current federal loans. However I need a little over 4k to cover housing-related expenses for the year. Mom, who has had "bad" credit before I even started school, cosigned a small (5k) student loan last year with a nice lender at a resonable rate. This year we are having servere difficulties finding a lender who will aprove me w/ her as my cosigner; not even the lender from last year will do it (not sure why exactly). She is really the only person I have who'd be willing to do this for me.. I could ask some others but I just wouldn't feel right asking these people unless i knew I was totally out of luck with my mom; I could call back to the old lender to ask why, but I just never put much thought into it. Thanks to my EFC I do not qualify for any Federal grants or additional loans. I will keep working on my own to find an answer, but I am wondering if you guys knew of any specific lenders. That is all. Thank you for your time!

Student Loan Payment Calculator? Can someone tell me where I can get a student loan payment calculator? I need a personal loan from a UK finance company and would like to check the current rates and repayments online.

Student loan says: "Your rate varies monthly when the Prime Rate changes." Is this bad? I'm taking out an additional loan because I maxed out all my other loans for school. I'ts a private student loan from Sallie Mae and this is what it says: Your interest rate=Current Prime Rate of 7.250 %, plus 6.500 %. Your supplemental fee=6.500 %. Is this good? FYI - I have very good credit but I owe about 25,000 in school loans. Also it says my rate will vary monthly when prime rate changes. Is this normal or should I stay away from this loan and look for others? Thanks guys!

should i consolidate another loan into my auto refinance loan? i am refinancing my current auto loan. i have a lot of equity in my car, so i was told that if i wanted to, i had the option of using that equity in my car to pay off a current student loan and consolidate it into one with one interest rate. my student loan amount is around $7,000 with 12.5% interest. the interest rate is lower on the auto refinance loan, and i would have it payed off in a shorter period, plus it's a fixed rate so i am guaranteed it won't raise over time. my question is, would it be a smart decision on my part to use the equity in my car to do this? it sounds a lot better to me having the lower interest and having this paid off in 4 years rather than the 10 more i have to pay on it, but i'm really unsure which move to make. someone out there that is smart in this kind of thing please give me some input on the advantages, or disadvantages to using my equity for this. thanks in advance!

Federal Stafford loan vs. Alternative Loan Interest rates?? okay I'm new to student loans, so here goes.... I read everywhere to take the max of federal stafford loans before going to alternative loans due to a lower interest rate. So tell me which is better $5000 Unsub. federal loan - fixed interest rate 6.8% or $5000 Citiassist loan - Prime +1%. Current prime is 6% - no additional fees

Paying back the student loan ? Can you pay back the student loan with a one off payment, or pay say half of it and then monthly.? Also what is the current rate of interest ?

What are my options in consolidating my student loans given current market conditions? I have $115,00 in student loans, spread over 3 loans, between 3 and 4% interest rate. My goal is to reduce the interest rate and consolidate the loans into a single one. I have a stable professional job, good credit, but I do not own a home that would allow me to extract equity. Therefore, I am simply looking for a personal loan from a reputable bank/company. Given low interest rates currently, it would seem to be a good time to look to do this, if possible. Thanks for the useful input in advance!

How much would payments be for a $30,000-$35,000 student loan? At current interest rates, standard repayment plan.

Private Student Loan Help? My husband currently has a private student loan over 50,000. His current interest rate is 18.5%. Our payments are around 700 a month and constantly going up. We need a better option. We currently are living w/ his parents b/c we can't afford anything w/ this loan. I feel like I have called and excersied every option. Is there any program or something out there to help us? Basically he had to get all private loans for schooling b/c his parents made too much money -- even though they haven't paid for any of it. He's just been out of school about 3 years. We have tried to consolidate, but we can't find anything! I will check out those websites..

Does anyone know about loan companies that give lower interest rates based upon academic performance? This is for all current med school students. I'm entering my first year of college as a premed. I've heard that some student loan companies give low interest rates based on academic performance. Is anyone aware of which ones that may be? Also, is it true that med school students don't have time for jobs because their so busy with school? I was told that being in med school and trying to have a part time job is impossible. ..thanks for your reply everyone, not sure how to respond though. but I am very weary about these types of sites.

Should I pay off my student loans? I have roughly 40K in students loans. Currently the interest rate is 4.125%. After 24 timely monthly payments, the interest rate will drop to 3.125%. I was planning to pay it off as slow as possible because the interest is so low that I could make the spread from investments. However with current interest rates dropping, I'm wondering if i should just pay off my loans now (I have the ability to do so). What is the financially smarter thing to do?

Student Loans? I'm really worried, i'm a student and when i took out my student loan i was told it would be a non repayable grant as i live with my mum who is on a low income. Then i was told i do have to repay it, but it is interest free. Then i found out i am paying interest, and read in the paper today that the current interest rate on student loans is 4.8% and that on the average loan of £12,000 if no repayments are made the interest could be a staggering £526 a year!! Can any graduates tell me a bit more, how much do you pay back each month? I would never have gone to uni if i'd known how much it was gonna cost! xx

can you tell me the quality of this student loan? amount borrowed would be $15,000 current LIBOR Rate of 2.5% plus 7.000 %. supplemental fee=4.000 % what do you think? and assuming the variable rate stays near constant (which I have no idea the typical range month to month) what would the total payoff amount approximately be after 2 yrs? if anyone can help me please i'd appreciate it!

student loan - is there any way to "settle" a student loan?? my student loan is current & up to date on being paid, but it's so much money (about $300 or more a month - it fluctuates because it's an adjustable interest rate) and i am having some money trouble right now and can't really afford it.. will they typically let me off on the payments for a few months without hitting my credit if i call them and speak with them about it??

Does it make sense to take out a student loan to help make larger down payment on a home? I am a full time teacher ($65,000 yr) and full time graduate student (on a full scholarship). I am looking to buy a house in the Boston area. I am being offered about $15,000 in student loans per year, at the current 6.8% fixed rate. Though I don't need these loans to live on, I'm wondering if I should take them to beef up my down payment (our savings is currently at about $30,000, we're looking at a house in the $450,000 ballpark). I will be combining income with my boyfriend, who makes $90,000 a year. Does it make sense to have more student loan debt but a bigger down payment? Some more details: I currently have about $8,000 in student loan debt from undergrad (variable rate, now about 2.5%, and about $7,500 from grad school last year (6.8%). Also, because I'm an urban special ed teacher I am eligible for $17,500 of my loans to be forgiven after 5 years (I'm in my 1st).

Refinance Student Loans? I want to know if there is a way to refinance my student loans? I graduated in 1993 and have since consolidated my loans. I'm currently paying 9% interest on these loans. I don't know what the current rate is on student loans, but I know it's alot lower than 9%. Why can I refinance my home, my car, consolidate my credit cards, but can do nothing with my student loans?

What home loan interest rate can I expect? Currently my FICO is 630, I have history of a bankruptcy 6 years ago, I make 80k a year, my only current debt is a 6k auto loan, oh and those dreaded 21k in student loans. I'm in California and 4 years ago I really wanted to purchase a home before the prices got to out of control but no bank would touch me despite a good career and down payment so my parents who had their home paid off got the loan for me and I've been paying the mortgage. Now 4 years later I'm ready to be an adult and do the right thing and get my home loan in my name even if it means a higher interest rate then the current 4.5%. With the equity I've established (my home is worth 380k and I owe 180k but thinking about borrowing 200k to pay the auto loan and do some home improvements) is it possible for me to get a decent interest rate with my train wreak credit history? Any insight would be appreciated, Kelly

Fed Stafford Student Loans and Federal Reserve Interest Rate!? The interest rate on Federal Stafford Student Loan has jumped from around 3% to 6.8% in summer of 2006. The federal reserve interest rate around th same period has been going up very rapidly up to that period. http://money.cnn.com/2005/09/20/news/economy/fed_rates/fed_moves_09192005_375.gif I am just curious if the Stafford Loans interest jump had something to do with the performance of the U.S. economy. Now, with the current weak U.S. dollar, the Federal Reserve is likely to cut interest rates on September 18th (current rate is 5.25%). If the federal reserve keeps cutting the interest rate to prevent economic pain, can educational loans like Stafford Loans be cut-back? Just wondering. :)

How do I consolidate student loans to low federal interest rate? So the feds slashed the interest rate to near zero. My current student loan has like 6% interest rate. Is it possible to get a new loan for the low interest rate?

EU student loan tax deductible in UK? Hi there, I have a Dutch student loan which I am still paying off. I have been working in the UK since May last year and have been paying tax as any normal citizen would do. However my Dutch student loan is hanging above me like a sword of Damocles and with the current exchange rates it becomes harder to pay it off - as if living in London was not expensive enough. I believe that UK student loans can be deducted from the tax, but when looking for information on the possibility of deducted EU student loans I get bogged down in articles on fraud etc; and being a PAYE does not make things transparent. So if somebody can enlighten me, I would be grateful. Thank you!

what is the current interest rate on federal student loans?

Am I better off paying off a 11K Student Loan or buying a CD? With the current low CD rates I am leaning towards paying off the Loan (2.625% APR) but I am aware that there is a tax deduction on that to take into account. What is the breakeven point for a CD to be better use of money, and how long should I commit to? I like 18months-2 years but they offer lower value.

How do i lock in/consolidate my student loan? Ok, so i have a student loan based on the libor. Which looks like similar rates to the FED interest rates. Anyways, i believe interest rates are going to have to rise to 12-14% or more for years to control inflation. And i want to lock in my current rate of 4.5%. I called my loan company and they said they didnt lock in/consolidate loans. Any investment/financial advice would be greatly appreciated before interest rates rise to 15% or higher for years.

Can I afford a home with student loan debt? My wife and I have been saving up to purchase a home and would like any thoughtful comments on our situation. We live in the Seattle area and are looking at homes at $300k that sold for $400k+ a few years ago in a desirable community. With the affordable prices and very low interest rates, we want to take advantage of the current price and rate opportunities. I just finished up my Masters degree in finance and will be paying loans back very shortly. Here are the stats on income and what we are looking for: Income Him: $75,000 Income Her: $10,000 (Part time) Age: 27 and 25 Student Loan Debt: $90,000 (6.8% consolidated rate, $600 monthly payment) Other Debt: None (We own two reliable cars outright) Cash Saved: $75,000 Home Price: $300K Down Payment: 20% ($60,000 from the cash saved) I know we can afford the monthly payments on a $240k loan and I would hate to give up an opportunity to lock in a low 30 year fixed rate, get a great new home in the area we want to be in. Am I crazy to not pay down my student loan and save up for another two years to buy a home? If I did that, would I miss a great opportunity? Thanks! KC - Thanks for your thoughts. The property tax in my area is 1%, so $3,000 annually and insurance on the homes we are looking at would run under $2,000. We would not be required to do PMI, so the annual cost of tax and insurance is negligible. Another helpful piece of information is that homes within 20 miles of Seattle are generally not under $250k. The median price is about $400k.

This problem concerns the production of a java program that will calculate repayments on a student loan for a ? Problem Specification: This problem concerns the production of a java program that will calculate repayments on a student loan for a single year. Repayments are based upon the ex-student’s income and 3% interest that will be added to the loan every year by HM Government (nice people). NOTE: You are required to also submit a flow chart and pseudo code to your tutor! Method 1.First prompt and read the 2 inputs (loan and wages), store them in "double" variables. 2.Now calculate the net income by subtracting 10,000 pounds from the wages (that is the free threshold amount which you can keep and will not be used for repaying the loan). 3.Add 3% interest to the loan amount. 4.Finally calculate the new balance of the loan by subtracting the 9% deductions (calculated in step 2. above) from the current loan balance. Here are three examples that show how the system works: Example 1Example 2Example 3 Earned income£13,000£9,000£12,000keyboard input 1 Less threshold£10,000£10,000£10,000 Net income£3,000Nil£2,000output in response to input 1 Deductions 9%£270Nil£180 Loan£4,000£8,000£2,000keyboard input 2 Interest 3%£120£240£60 output in response to input 2 New balance£3,850£8,240£1,880 Typical Input / output Input: Enter total amount of student loan taken: 4000 Enter anticipated income: 13000 Corresponding Output: Loan taken out: 4000, anticipated income 13000 Total plus interest: 4120 Amount Re-paid: 270 New balance: 3850 any help Please ------------------------------------------------------------------------------------------- import java.io.*; import java.text.DecimalFormat; import java.util.Scanner; public class MortgageCalculator2 { static int months = 360; static double rate = .0575; public static void main(String[] args) throws IOException { // declare variables double orignialLoan = 200000; double newLoan = 200000; String str = ""; double payment; double loanPayment = 0; double interestPayment = 0; int i; // print to display monitor System.out.println("\t McBride Mortgage Payment Calculator"); System.out.println(); System.out.println("\t $200,000.00 Loan"); System.out.println(); System.out.println("\t at 5.75% for 30 year term"); Scanner input = new Scanner(System.in); System.out.println(); DecimalFormat twoDigits = new DecimalFormat("$##,###.##");// Format how it will be displayed. // For Statement. for (i = 1; i <= months; i ++) { orignialLoan = newLoan; double interest = getInterest (rate); // Interest rate for the month. payment = getPayment (interest, orignialLoan); // Payment per month. newLoan = getNewLoan (interest, payment, orignialLoan); // Balance after payment. loanPayment = orignialLoan - newLoan; // Amount of monthly loan. interestPayment = payment - loanPayment;// Amount of monthly interest. // Print to display moniter. System.out.println("The monthly payment on " + twoDigits.format(orignialLoan) + " at 5.75% rate is " + twoDigits.format(payment)); System.out.println(); System.out.println("New Balance " + twoDigits.format(newLoan)); System.out.println("Loan Payment " + twoDigits.format(loanPayment)); System.out.println("Interest Payment " + twoDigits.format(interestPayment)); if (i % 3 == 0){ System.out.println("Continue? (Y or N)"); str = input.nextLine(); if(str.equals("N") || str.equals("n")) System.exit(0); } } } // End For } // end of main // Get Interest Method public static double getInterest(double rate) { double interest = rate / (12 * 100); return interest; } // End of Interest Method // Get Payment Method public static double getPayment (double interest, double orignialLoan) { double payment = (orignialLoan * getInterest(rate)) / (1 - Math.pow(1 + getInterest(rate), - months)); return payment; } // End of Payment Method // Get New Loan Amount public static double getNewLoan (double interest, double payment, double orignialLoan) { double newLoan = orignialLoan * (1 + interest) - payment; return newLoan; } // End New Loan Amount } // end program My Question is how to add main method to it I start again i m lost .2.Now calculate the net income by subtracting 10,000 pounds from the wages ----------------------------------------- import java.io.IOException; import java.text.DecimalFormat; import java.util.Scanner; public class Assignment2 { private static final Scanner scan = new Scanner(System.in); public static void main (String args[]) throws IOException { double loan_amount, anticipated, interest_rate, interest_rate_month,interest,unpaid_amount; double installment, principal; double interests_rate = 3; int loan_period = 12; int payment_no = 0; int a; System.out.print("Enter total amount of student loan taken: "); //Input of loan amount loan_amount = scan.nextDouble(); System.out.print("Enter anticipated income: "); anticipa done so far ---------------------------------- import java.io.IOException; import java.text.DecimalFormat; import java.util.Scanner; public class Assignment2 { private static final Scanner scan = new Scanner(System.in); public static void main (String args[]) throws IOException { double loan_amount, anticipated, interest_rate, interest_rate_month,interest,unpaid_amount; double installment, principal; double interests_rate = 3; int loan_period = 12; int payment_no = 0; int a; System.out.print("Enter total amount of student loan taken: "); //Input of loan amount loan_amount = scan.nextDouble(); System.out.print("Enter anticipated income: "); anticipated = scan.nextDouble(); interest_rate_month = interests_rate / (loan_period*100); not enuf room here to post ?????

I was 30 days late on a student loan, and my credit card raised my interest to 27 %, is this legal? The student loan is now current. It happened back earlier this year in the winter. But it's on my credit report. And now my Bank of America Visa raised my interested from 8.something % to 26.9%... that's rediculous! I thought I heard on the news somewhere that there's new laws out that made it illegal for banks to charge outrageously high interest rates??? Only one of my creditors did this... the other ones are all fine... and I do have a good amount of other creditors... so why would this one Bank do something so terrible... 2010???? ohhhhhhh f*%&@ing great... They know about this law change too don't they!!! That's why 2 of my creditors have closed my acounts which were completely paid, on time, and paid in full, but they closed them due to a period of "inactivity". Now the Bank of America who raised my interest rate to 27%, when I called them, they gave me the run around... acting like they had a new program to help me... so when I talk to the new department with a special "program" to lower my interest rate, they claim that I am not elligible for it. Apparently, they are taking advantage before 2010... I see where this is going.

Can I get a student loan? Im transfering to a public university in the fall, and im going to be filling out my FAFSA soon. My parents are divorced, and the ones that are claiming me make "average" money. They wont cosign for my student loans however, so I will need to do them myself. I have a credit score of about 600, for over 2 years of history. Im 20, and Im wondering if I will be able to get a loan. My friend attended the same school, and got loans from the school w/out a cosigner so i guess i can to, but im not sure. Im also wondering how the current economy is affecting the rate of getting school loans? My parents said that because of the current economic crisis the loan agents may not be as approving with who they select to give loans to. Ant thoughts, answers or reccomendations? It will be GREATLY appreciated!

should i consolidate my student loans? i graduated in december 08, i have had my loans in deferment / forbearance until now. i have multiple loans for a total of $30,000. I am currently working 2 jobs but am not making enough to pay 200+ a month and i have about 8 student loans. i am considering trying to consolidate all my loans so i can just pay one monthly payment instead of trying to keep up and keep track with multiple lenders but i do not know too much about consolidation or what company to go to for the consolidation loan. i do know that i will end up paying more in the long run, but rite now im barley paying my bills and rent as is and i don't mind consolidating. i would really appreciate any advice or info anyone can give me on the topic. here is my current student loan picture some are at a fixed rate others are variable... none are in default... stafford unsubsidized: $5,619 stafford subsidized: $18,279 Federal Perkins: $1,500 direct consolidated subsidized: 5,500 total = $30,898

High intrest student loan? I just took a $16,000 student loan out from sally may. I don't have a co-signer because, frankly, my parents credit it shitty. My credit, however, is in the low 700s. But, still, I was given a very high rate (13%). I haven't started re-payment yet, because i'm still in school, and I may actually need to take a little bit more out. I'm scared, though because the intrest on my current rate is so high. With a credit score of 702, what kind of rates should I be getting? And what are my re-finance options?

How is the current economy going to affect me getting into college? I'm getting worried. By next August, when I'm entering college, I'll only have enough money to cover about a year, at most a year and a half, and that's at the current admission rates.. Are prices on admission going to skyrocket? How hard is it going to be to get student loans? Would it help if I established my own credit?? I don't know what to do..

paying my car loan with my student loan? I'm getting a (graduate) school loan with very low interest rate (5%) should i pay off my car that is about 16% intersest? I only have about $8,000 left on my car loan. I was actually planning to pay the school loan while in school so I would pay off the car sooner than if I were to pay the car company b/c of the lower interest rate. My current car payment is 273 ... once the car is payed off I can pay 273+ to the student loan corp each month and like I said, the loan would be paid off by the time i'm done with school. By the way, my goals are to pay off a good bit of my school loan because I don't want to be in the hole when I graduate and that extra 10+% that the car company is charging me can go to the student loan corp. What do you guys suggest? Will this help my credit?

Will defaulting on a private student loan cause my credit card apr rate to change to the default rate? I remember reading about credit card companies raising the APR rate on customers to as high as 30 percent (the default rate) even if you are on time with them but have defaulted with another credit card or loan. Would that apply in this situation? Would it make a difference if the credit card APR was fixed or variable? I would like to transfer a credit card balance to another credit card company because of an 0 percent introductory APR rate, but the new credit card company rate is variable, where as my current company contains a fixed rate. More specifically, I'm inquiring about US and Connecticut laws regarding this matter. The student loan lender is a bank located in SD, if that makes a difference. Thanks! Thank you for the quick responses. I would like to leave positive ratings but yahoo says I don't have enough points. Hopefully the community will take care of it for you.

Can I re-consolidate my student loans if I have already consolidated them at 8%? My current loans are at 8% which in 1997 was the lowest rate.

can i get a student loan with a credit rating of 740+? my credit rating was a 750 about a month ago i dont know if it went up or down since. im leaving for school in august, but i want to know how easy it would be for me to get a 20,000 dollar loan easily with my current credit rating. i love how the people at the bottom didnt even answer my question they're just trying to rip me off with their fake buisnesses....GET A JOB!!!! lol

How do you compute private student loan interest? Private student loans are variable. So lets say at the first quarter of the year, you get 6.5% (Current Prime Rate + 1.5%) and then at the second quarter, the Prime rate gets adjusted to 5.5%, So that would be a new rate of 7%. How the heck do they compute the interest? So if you take out $5,000, they charge you 6.5% on the first qtr and then when it becomes 7% they charge another 7% on your 5k on the next qtr? Would that mean that your interest alone would be $675 (325+350)?

Student loan consolidation question? I have about 17k in SL from undergrad that were consolidated at 2.8%. I come this may I will have an additional 31k in SL, due to grad school. I am going to need a 30 year repayment period, as I cant afford alot of extra money right now. DO I have to consolidate my Grad loan with my undergrad, if I do this i will loose my awesome rate? Can I keep the loans separate- but still at least stretch the 31k into repayment over 30 years? What are current federal interest rates? Do you think they will go down because it appears the economy is headed south? I never consolidated my grad loans. I consolidated my under grad right after I was done with school, and two year before I went to grad school.

Payoff Student Loan or Save for Down Payment? I wanted to ask for some advice on a situation that I have to decide on. I am currently paying off my student loan ($16K, 3.375% interest rate, minimum payment of $263) in monthly installments of $1K. Given the current environment in the real estate, I would like to start saving for a down payment for a house. Currently, I am putting away about $500 towards that end but want to buy a house sooner than later. My question is should I reduce my student loan payments to $263 and put away the remaining $737 towards a down payment for a house? I wanted to ask for some advice on a situation that I have to decide on. I am currently paying off my student loan ($16K, 3.375% interest rate, minimum payment of $263) in monthly installments of $1K. Given the current environment in the real estate, I would like to start saving for a down payment for a house. Currently, I am putting away about $500 towards that end but want to buy a house sooner than later. My question is should I reduce my student loan payments to $263 and put away the remaining $737 towards a down payment for a house? As a note: I will not be defaulting on my student loan. I will be paying the minimum required payment.

Consolidate student loans, Astrive problems, best private loans? My husband and I took out Astrive loans in Autumn of 2007 to help pay for school (when we were just starting out and had no credit yet). They each had a mediocre rate, and we deferred payments until January 2010 (6 months after our expected graduation). For awhile, we were receiving letters upon letters regarding the status of our student loans (from AES), however we have ceased to receive them as of last summer. I wasn't worried really, I knew when I had to pay back my loan, what the rate was, etc. Now, however, we have both decided to extend our educations to obtain more advanced degrees. I decided the best option would be to take out a new student loan (with a lower rate, now that I have built my credit up strong) to pay off both of our Astrive loans and help pay for the additional costs of our extended education. I figure it is best to consolidate everything into one student loan and defer payments until January, 2011 (six months after my new graduation date). I was surprised when I went to the Astrive website however, to find that they no longer offer student loans due to the current economic crisis, and most of the links on their website are broken. I can not seem to access our Astrive accounts to make modifications or view loan info. Does anyone know how to do this? Also, I'm looking for recommendations regarding a new private student loan to pay off the costs of our old loans and additional education expenses. Who has the lowest rates? Deferment, etc? All advice is appreciated. Some background info: Currently have 11,000 in student loans, expect I will need an additional 10,000 in loans summing to a total of a 21,000 loan I am looking for. I have a credit rating of between 750-800 and can easily get a co-signer. Thank you in advance to all who reply.

What are the pros and cons on consolidating your student loans? I am current paying my loans at 6.8%. I keep hearing that i only have until July 1,2006 to consolidate. Should I do it or take my chances that my rate will go up?

Can a cosigner on a student loan note deduct interest he paid? We cosigned a student loan note for a friend of the family who had no credit. She then skipped out on paying the loan. To protect my credit rating, I paid off the loan. Is there any way I can deduct the interest I paid? The loan was not in default because I made several lump sum payments to keep it current. Thanx in advance. I will not use Yahoo Answers any more. It is just a bait for spammers!

Refinance a home loan? We have an adjustable mortgage w/a balloon at the end. Our current interest rate is 7%. We pay $2119 a month ($1654 plus $465 for taxes). Beneficial is trying to get us to refinance with them. They have offered us a fixed rate loan at 11% with $9,000 cash out, a $15,000 "personal credit line" and they will pay off $14,000 in bills ($3k for our car, $1k NYS taxes, $10k student loans). The problem is the new payment will be $2828 and that DOES NOT include our taxes. Beneficial keeps making it sound like it is a big help to us but I don't see it. I think $2828 a month is a HUGE payment that we might not be able to make. The $10k in student loans they are paying are not even due for another 2 years so that isn't reducing my monthly debt. I guess my question is ...does anyone here think this is a better situation than what we have now? The current loan amount is $259,622 and the balloon is not due for 30 years. The new loan amount would be $288,000 with no balloon. Our credit scores are only 600 so not sure if Beneficial would consider a lower interest rate for a fixed mortgage. The loan Beneficial is offering is a 90% loan to value. They claim they have to pay off the student loans to get our debt to income ratio in line. I called our current mortgage holder this a.m. and they agreed to cancel our escrow lowering our payment to $1653 a month. We have enough in our escrow remaining to pay the taxes coming up in 2/08 so we have 9 months before the next tax bill is due. Beneficial also told me last night that the "origination fee" is $12,500!! They say it is a standard fee that is spread out over the 40 year loan. Plus they had a bunch of other fees that added up to a bundle. Our house appraised at $325k so we still have equity in it.

I have $10K in student loans all thru Sallie Mae Servicing. Is there any reason why I shouldn't consolidate? I would lock in at current rate and something big is happening on July 1st. I think it's more than just a normal rate increase. My impression is that there's supposed to be a significant jump. Wouldn't I be a fool not to consolidate and lock in at current moderately high rate?