Private College Student Loan
Student Loan Rates Knowledge Base
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?
Why are student loan interest rates so high? Student interest loan rates run 7-9%. Why? They are backed by the government, the banks pay next to nothing to get the money, you can't escape the loan even in bankruptcy, the default rate on not for profit schools is very low, Why shouldn't they be around 4-5% or less? When I was young student loans were 2-3% when mortgages were 5-8%, what changed? Every president claims higher eduction is the key to America's success so why are they pricing us out of it?
What's the best database to find a list of student loan rates? Specifically, the best place to find a ranking of banks with their rates and terms that I can compare. I used to use bankrate.com, but their list has dwindled to only a few banks, with very strict terms or high interest rates. Are there any other reputable ranking type of websites which would allow me to check the rates and Note: I'm interested in private loans only, and I already am well aware of the stafford and perkins loan rates and structure. Thank you in advance for all responses.
Why are subsidies for the Billion Dollar Oil Industries more important than low student loan rates? Why should students have their rate changed overnight on current loans? Why should Tax Cuts for the extreme wealthy be the most important issue? They have those cuts now and most certainly are the Chinese job creators. Nothing is more important than tax cuts for the wealthy? Look at what the GOP did to us in the Bush years and they want to double down?
Which company has the best student loan consolidation rates? I have a subsidized student loan in the amount of $11,460.55, does anyone know the names of specific companies that have the best consolidation rates at this time? What are those rates? Well maybe I should ask, "which company offeres the best incentives and rate deductions"?
Paying student loan interest rates while still in school? I'm applying for a Chase Private Student loan. I know I have the option of paying interest rates while I'm still in school to decrease the amount I'll owe. Does anyone know, on average, how much per month this will amount to?
Republicans blocking measure to prevent student loan rates from rising? Violation of the question and answer format. Correct? The measure is being blocked, of course, on how it will be paid for. Democrats want a tax hike on the wealthy employer class. Since they use the public education system to educate their workers, we would not want to impose on them, would we? Or would you rather pay a higher rate and let the rich keep the change?
Why did the democrats fund parts of the health care bill by raising student loan rates? Senate Democratic leaders said Thursday they would reject a House Republican bill extending low student loan rates because it would defund an important part of the 2010 healthcare reform law. http://thehill.com/homenews/senate/224071-senate-democratic-leaders-vow-to-oppose-house-gop-student-loan-bill Added: Wind,,,,how about something that points out spin
How do we make Student Loan Interest Rates go back down? At this point in time, I can get a mortgage at a fixed 6.75% interest rate. Why is the national average for a new Student loan higher than that? What can we do to change it?
If interest rates are so low, why are my student loan interest rates higher than ever? I just applied for my Student Signature loan with sallie mae for this semester, and the interest rate is 11.750%, whereas the last few semesters have been at about 8%.
Have student loan rates gone up since Obama changed the program?l? The gov has taken over the student loan program and cut out the banks. Have the repayment interest rates gone up for students ?
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?
Question about student loan rates? I will have to consolidate student loans sometime in the summer. There is some speculation that the fed cuts will lower student loan interest rates by July. My stafford loans are at 6.8%. Will I be able to benefit from the lower interest rates or will they still only take the average rate of all my loans.
They keep saying the student loan interest rates are going up tomorrow? Does that mean that a student loan I have at 4.75% will change to a different interest rate, starting tomorrow? I also have loans that are 5.75%... I've started the application for cosolidation on-line and it states my interest rate would be 5.5% is that really better? What will the instrest be? If my rate will stay the same for my 4.75% loans I won't want to consolidate them right?
What is the Canada Student Loan and Alberta Student loan interest rates? Hey As the title asks, I am simply wondering what the interest rate is on Canada and Alberta students loans. An approximation is all that's needed for each. Thanks,
Student loan interest rates and taxes? I had a student loan that went in to collections last year, I paid it off last year so can I write it off on my taxes? It was around $600.00. Is the collection agenices going to send me a tax paper so I can see how much I can write off? If I even can.
Why did Nancy Pelosi and most Democrats vote against lower student loan rates? They were just complaining about this, too. http://politics.nytimes.com/congress/votes/112/house/2/195 Just did some research, and they voted against it because it's funding by closing a tax loophole for lucrative lawyers instead of raising income taxes.
Who agrees that it is a disgrace that student loan rates are increasing July 1st? Do you think the President is at fault for all of this? Education is the foundation for society, what is our administration telling us? We should have to suffer and pay high tuitions and on top of that high interest rates? This is not like buying a house, this is our path to the future and were being penalized for it.
Agency that controls Student Loan Interest Rates? Does anyone know which part of which federal agency controls the interest rates of student loans? I presume it is associated with the Department of Education. Per Sallie Mae, they have no control over the setting of student loan rates. Hmmmm....
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?
Help for student loans? Why aren't student loan interest rates going down? There's a bailout for all these financial companies and help for people struggling with their mortgage payment. What about help for people who are struggling with a big student loan payment? Or, at least, why can't my rate adjust lower? My interest rate on half my student loans is adjustable, how can the fed funds rate and other interest rates drop so low, but my student loans haven't dropped even 0.25%?
Student loan rates will be dropping, but my lender doesnt offer consolidation!? AES success Loan.? So I have 3 small student loans with AES success. Since I heard student loan rates dropping, I was planing on consolidating and making it fixed. However, they do not offer that service! Is it possible to go through a different lender to consolidate the loan? any suggestions?
What exactly is being done about preventing student loan rate from doubling? I hear something in the news that congress has to act by a certain date to stop student loan rates from doubling. okay; what exactly is that "act" ???
Why is the Lame Stream Media saying student loan rates are going to double when it's only NEW loans that are g? oing to double?
Can somebody clarify how student loan interest rates work? Let's say the unsubsidized loan I get is at 7%, does this mean that every month 7% of my principal gets charged on top of it (which of course, would be a HUGE total I would have to pay back)? Also, if I'm approved for "Prime rate +4%," what does that mean?
does anyone know the website where you compare student loan interest rates for private loans? it lists those that use LIBOR and those that use prime. thank you.
unfair student loan rates from sallie mae jump on bandwagon contact me? its a petition to stop the unfair rates of student loan united we stand we can do it if we stand in numbers
Are Graduate Student loan rates fixed? What about consolidating? Are graduate student loan rates fixed at 6.8%? I have my undergraduate loans (1999-2003) and they are under the variable rate that just dropped. I started graduate school in 2005 and just graduated in 2008. The fixed rates began for loans after 7/1/06. So it should be one year of variable...if graduate loans become fixed. It is hard to tell if the fixed status applies to graduate loans also. What do you think? Consolidate undergraduate loans with the one year of graduate.....and leave the other graduate ones alone (if they are fixed)?
With student loan rates rising at the end of the week, what's the best way/vendor to consolidate everything? I can't even keep track of where i'm borrowing money from (gov't, wells fargo, etc), so i was in need of a quick/painless way of locking onto the rates i'm at right now.. thx thx thx in advance!!!!!
Can I use a student loan for non school expense? What is the lowest student loan rates were or r going to be? I noticed the interest rates are 3.4% to about 6.8% This seems like lower than any other loans. I do want to use it to buy a computer and for travel. But I also get Fin Aid which only covers school. PS- does anyone what the lowest student loan rates were or where they will be? Also, I intend to go to Med School and am 3 years from completing my undergrad. I want to use the lower 3.4% rate for grad school. Is this possible to hold on to the money in the bank or will it forfeit my fin aid?
Whats Wrong with the Republicans Lower Student Loan rates, why is Pelosi upset and Obama ready to Veto? Remember Obama also wanted cuts in Social Security
Where can I find a student loan with low interest rates? I am entering my Sophomore year at a private, four year institution this year and still need to pay $7,649 before the beginning of the school year. This amount was determined after subtracting the total awards that the school awarded me from the total tuition for the school year. Today I applied for a $3,500 Federal Stafford Loan through Nellie Mae. Every road I take is a dead end in terms of finding a company with low interest rates. I am the first member of my family to attend a post-secondary institution, let alone full-time, and really have no idea what I'm doing. Last year, my parents applied for a Federal Direct Loan for $6,000 and we're currently paying on that amount. I'm really worried that my total loan amount is going to be enormous when I graduate and that I will have no way of paying it off without living at home. Any suggestions about a good company or other financial advice is greatly appreciated, so much that I will reward someone with ten points. Thanks. I was told that we're paying on the loan right now because it is in my parent's name. Thanks for your input, Joe.
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.
Democrats will be lowering the student loan rates. How do republicans feel about it? Support it or not? Why? funny answers so far...colleges don't receive the interest, so it won't affect tuition. And I appreciate those of you who took this as an opportunity to attack a democrats education level. it shows the level of unity we can expect out of the republicans... And it will only affaect those who take out subsidized loans...which are need based. Not for the rich. I guess I shouldn't be surprised when dems do something fiscally responsible, reps will hate them anyways. Funny... It's fiscally responsible because I pay less interest, and therefore lower payments. And Bush started this when he cut the rates down to all time lows. And because it is secured debt, which means you cannot erase it with bankruptcy...so you must pay it back.
Is there a legal way to out from under exorbitant interest rates on a student loan? I've been paying on this loan for well over thirteen years already. At this rate, I'll never get it paid off!
Where can i find the best intrest rates for a student loan? college student loans where can i find the best?
Where can I find a good student loan with low interest rates? I don't want to have to apply for a loan every semester or every year. THANK YOU TO EVERYONE!! All of your answers are very useful so I can't pick a "Best Answer" I will leave it up to the voters to decide. Thanks again everyone!!! ;)
Student loan rates increased? http://uk.finance.yahoo.com/news/graduates-hit-in-pocket-after-inflation-surge-skynews-1416368237a2.html Does this mean my 'interest free loan' isn't 'interest free' any more? Since I'm sure, I signed a contract stating interest free rates?
Where can i get student loan with low interest rates? I'm a college incoming freshmen and i need to borrow a loan about $5000 to pay off tuition.I don't have a credit card or anything. I don't want it under my parents' name or their involvement in this. I want to take full responsibility so i need a perfect place to borrow the loan.
Low finance rates for student loan? What is the best student loan company with low interest rates??? I dont want the loan to go to my school...I want them to mail me a check...Sallie Mae is wayyyy to high with their interest rates.
Are these rates good for a private student loan? I found a private student loan with a bank, but I'm not sure if their rates are any good. I need about $28,000 and I would like to defer payments til after graduation. Should I consider applying or just keep looking? Are there any good private loans with fixed rates? Thanks. Here's the website: http://www.key.com/html/H-1.32.b1.html
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?
Will student loan interest rates go up july 1, 2007? Student loan interest rates are apparently based on the 91 day t-bill for the end of may, does anyone know if this is going to make the rates go up on July 1, 2007? or will the decrease? I have been out of school for about 6 months and have been waiting to see if I could get a lower interest rate after july
Who has the best PRIVATE student loan rates right now for someone with good credit.? I had a student loan with Wells Fargo a bit ago---the place to get a student loan period. Paid that off right away. Now, I'm looking for a student for $3,500---I'm 21 years old, make 32,500/yr and need a low interest student loan. Thanks, DO NOT MENTION ABOUT FEDERAL STUDENT LOANS---i'm well aware of them. My question is regarding PRIVATE student loans I'm in Los Angeles, CA
is there a website where I can find competitive rates on student loan consolidation? one with interest rate reduction?
Will interest rates for federal student loans raise or lower? I've been getting a lot of calls from random companies about consolidating my student loans, which would lock in an interest rate I think. Do you think student loan interest rates will go up or down in the next couple years? Thanks.
Wasn't it great when student loan rates were cut under Bush? I could combine my loans and pay off with less interest. Wasn't that great? happened about 4 years ago when Greenspan cut all interest rates, on account of a failing economy. sure, quncyguy, it went for being capped at 8% to going as low as 3.5%. My sub AND unsub staffords were locked in at 5%, instead of a variable rate. And I like it as much as I am going to like it when the dems do it
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%.
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?
Where can I find a good low intrest rate student loan, with low or no credit? Where can I find a good low intrest rate student loan, with low or no credit? I have this friend who is trying to go to school in LA california and she lives in New York. Also she has no credit and her parents have little creidt as well. Do any one have any bank or suggestion on where she can get a good student loan?
Did you disagree with the student loan rates being cut 4 years ago? Or are you just mad at the dems for doing it now? I love the hypocrisy... ruth, I am throwing them back... did one hit you? LOL and all I do is ask questions, what's the problem here?
Is this a good student loan interest rate? I am borrowing $10,600 to cover tuition, and all the interest rates I have been approved for are about at 10%. My brothers got their student loans for about 7%, but that was two years ago. Have rates gone up that much, or am I just not getting good rates? P.S. My dad is cosigning, and he has amazing credit. Where are you getting your loan, rob?
I need a student loan with the lowest interest rates? i am interested in attending a cal state school afeter i graduate high school in 2008. I know that the only way to pay through it would be through student loans, because im not an athlete nor am i a fantastic student with a 3.5 or higher im just a regular junior trying to do well so that rules out any scholarships so if your going to answer this question don't comment on scholarships. i want to know the company which give out the best student loans. i have no prior experience with the information about student loans so if anyone could give me information about federal student loans or what is sally mae nelly mae or subsidized loans which i have no idea what that means. an another question if apply for a student loan will that pay for the whole 4yrs tuition, books, and housing or do i have to apply for fafsa for the books and other expenses. thanks.
Help understanding student loan interest rates? I'm so confused!? I'm currently comparing private student loans for this year of college. I'm going to need $5,000 for the whole year. I was reading on a site that was talking about libor and prime rates. What do these mean? I read that libor +2% and prime - .50% are the best rates you could probably get with a private loan (comparable to a federal loan), if you have good enough credit. I also know that loans with no fees are good. These are the loans I found that have no fees: US Bank = Prime + 1.95% Chase = 3 months Libor +3.65% Discover = Prime +1.0% Which of these loans are best? My parents will be cosigning and have a decent credit score. All of this student loan stuff is very overwhelming to me. If you could help me understand it better, that would be great.
How do they calculate the annual interest rates for student loans? Can anyone help me with this? I'm a college student and I'm going to study in Canada as an international student and I'm going to get a student loan with a co-signer. I'm trying to figure out how they calculate their rates. Which Prime rate and LIBOR rate do they pick? And how do they add the fees to the annual rate and all that stuff? I really need to know how it goes. Thanks
Best ways to lower Student Loan interest rates? I have a about 6 loans through sallie mae and about 5 or so through federal. What would be the best way to lower my interest rates, most of the sallie mae ones are like 6.8% and the federal ones are around 6.5%. I have been out of college for about 2 years and have been paying them back myself for about 1 year now so any way to lower the interest rate would be great. All information relevant is welcome.
Student loan interest rates? Help!? I'm currently comparing private student loans for this year of college. I'm going to need $5,000 for the whole year. I was reading on a site that was talking about libor and prime rates. What do these mean? I read that libor +2% and prime - .50% are the best rates you could probably get with a private loan (comparable to a federal loan), if you have good enough credit. I also know that loans with no fees are good. These are the loans I found that have no fees: US Bank = Prime + 1.95% Chase = 3 months Libor +3.65% Discover = Prime +1.0% Which of these loans are best? My parents will be cosigning and have a decent credit score. All of this student loan stuff is very overwhelming to me. If you could help me understand it better, that would be great.
Student Loan Interest Rates? I'm doing a school project regarding private student loans, and I can't seem to find any quick, reliable loan interest rate comparison charts. Any help please?
How can i get help lowering student loan rates? I have a balance of $60,000. I have been deferring them since i graduated 9 years ago. Haven't made a payment YET! My interest rate is ridiculous at 8.25% WITH THE GOVERNMENT!!!! How can i lower this? Is there a law out there?
Is Govt raising student loan interest rates by 1,700.00 A Year Fair? All Working Families have to pay 2,500.00 A Year for Obamacare, and Students have to get Govt Loans now for college and they are increasing the Interest rates to pay for Obamacare - 1,700 dollars more they have to pay for a LOAN!!!
How do I lower my student loan interest rate? I graduated in May '06 with 15k worth of student loans. My interest rate is just over 7%. I thought it was supposed to be lower! I've heard that student loans are the cheapest loan you'll ever get and that the rate is between 3%-4%. I've heard about consolidating to lower your rate, but I only have one loan!
Where can I get latest (2008 period) student loan default rate? I tried many ways but am geting only 2006 yr.? I need this info to know how present economic crisis effected the student loan (change in default rates, Forbearance and Deferment). Please help me to find it out.
with these fincancial crises, is there any options to reduces the student loans interest rates? I have $20,000 student loans with the 6% interest rate, is there any options now a days to reduce this interest rate?
How to lower student loan interest rate? I am 25 and have two student loans, one is 4% (with Key bank, $50K), the other one is 9% (with Government, $10K). Would appreciate your advise on how to lower the interest rate on the government student load piece. Thank you very much
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