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Question: How can I consolidate private Student loans?
I have allot of private student loans with high interest rates and I would like to have these consolidated into one loan with a low interest rate. I dont qualify for alot of them because credit score isnt high enough! What can I do?

Answer: Are you smart enough to listen to some good advice from ...

Are you smart enough to listen to some good advice from someone who?s been where you are? I?m betting you are because you?re seeking information on how to improve your credit score, which is a very smart thing to do. Maybe you?re hoping to buy a house one day and you know a higherand I?m going to help point you in the right direction.One very important thing to keep in mind -- when you finish reading, don?t forget to click on the links I?ve provided at the end of the story.

Answer: Thats really up to you... every situation is different, and ...

Thats really up to you... every situation is different, and you alone knows whats different with your situation... Most lenders are flexible with their interest rates, loan amount, lenth of time amount would be paid and monthly payments... what I suggest is that you make a short list of what you like in your student loan.. then check the websites in the internet and contact the ones that seems promising... tell them about your situation and what youre "preferred loan" as to speak... do a search in google or yahoo... also if you dont mind me adding, you can also try to visit website below, it has a gud list of lending sites... and student loan advice you should read before getting one...

Answer: I totally empathize - low credit score and high interest ...

I totally empathize - low credit score and high interest rates make a vicious cycle for students. You might want to take a look at http://www.tuitionbids.com, the company I represent. You can actually fill out a single loan consolidation application and have up to six different lenders see it and compete for your business. It's far more efficient than applying to banks one by one and getting turned down again and again. You might even get a decent interest rate. In any case, I hope you figure something out!

Answer: There are literally thousands of lending sites in the ...

There are literally thousands of lending sites in the internet that your are bound to find thats willing to "work" with your situation... what I suggest is that you make a short list of what you like in your student loan.. then check the websites in the internet and contact the ones that seems promising... tell them about your situation and what youre "preferred loan" as to speak... do a search in google or yahoo... also if you dont mind me adding, you can also try to visit website below, it has a gud list of lending sites... and student loan advice you should read before getting one...

Question: Can you consolidate parent plus loan and Stafford loans?
It is possible to do this and also can I defer these loans until graduation? Please answer seriously. I was reading that consolidation is cheaper and better is that true? Personal experience is welcome .Thank YOu what happens if you parents are denied then what? if approved how long does it take to recieve?

Answer: As a general rule, PLUS loans are in your parents name, not ...

As a general rule, PLUS loans are in your parents name, not yours, so you would not consolidate them to your name and be eligible to defer them until after graduation. Why would you do that anyway? PLUS loans in your folks names are not yours to pay back. This has a good section about student loans. If your parents are denied PLUS loans they can offer one in your name (I would check with the schools fin aid office to be sure you wouldn't have to start making payments immediately). If you do, I'd consider a cheaper school with no PLUS loans.

Answer: I'm in the same boat, I did defer some payments, so that ...

I'm in the same boat, I did defer some payments, so that I can pay down the credit cards and was approved

Answer: No, you cannot consolidate them because they are not in your ...

No, you cannot consolidate them because they are not in your name. They can be deferred under certain circumstances, but usually repayment is immediate. And consolidation is not always cheaper (unless they give you an interest rate break) but usually more convenient than making several payments each month.

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

Answer: Federal Direct Loans. Do it now!! Save you MUCH money and ...

Federal Direct Loans. Do it now!! Save you MUCH money and you will be eligible for a six month deferment as soon as you do it. Good luck!

Answer: Check the interest rates and if you can save a percent or ...

Check the interest rates and if you can save a percent or more do it.

Answer: You need to check with your school FASA office. There is ...

You need to check with your school FAFSA office. There is the new rule that you can not consolidate your loan unless you are getting out of school. Otherwise, now is a great timing to do it because the interest rate is SO LOW.

Answer: Cindy, both government and private loan have their own pros ...

Cindy, both government and private loan have their own pros and cons. Often people go for government loans over private loans, to avoid high interest rates. Well any time is good for student loan consolidation, basically these loans are a combination of loans students or their parents take out during the educational years and creating one loan from a single lender. A balance is then created so that all the other lenders can be paid off in a manner that eases the burden off the debtor. More on student loan consolidation: http://www.studentloaninfo.org/IntroLoanConsolidation/conceptstudentloan.html http://www.studentloaninfo.org/BeststudentLoan/loanconsolidationcompanies.html

Answer: check out this site for some info on consolidation of ...

check out this site for some info on consolidation of student loans. http://www.studentconsolidation411.info/

Question: Can you get forebearance or deferment on student loans after you consolidate them?
I'll soon be graduating with a Bachelors degree, but expect to begin graduate school in about a year. I currently have about 50,000 dollars worth of student loans to repay. I thought about consolidating them because they are, currently, causing credit score to be lower because they have increased debt to credit ratio. My question is, if I consolidate undergraduate student loans, can I still defer them (stop payment on them) once I begin graduate school. Also, the entry-level jobs that I qualify for with just a Bachelor's degree (in the field of Psychology) do not pay very well, so I'm concerned that I won't have enough income to pay monthly payment (it seems to be estimated at around 470). If I qualified for forebearance, could I receive it if loans have been consolidated? Thanks!

Answer: If they are federal student loans then yes, they are ...

If they are federal student loans then yes, they are automatically deferred if you are in graduate school, whether they are consolidated or not. If they are private loans then it's up to your lender...

Question: How to consolidate school loans?
I have 8 student loans right now, and I'm looking at monthly payments of about $700 to pay these back in a few months but theres no way I can afford that, does anyone know how I would go about getting lower monthly payments. Like someone said consolidating them but I have no clue how to do this?

Answer: I hear ya. I just ended school as well. At first, I went ...

I hear ya. I just ended school as well. At first, I went through a program called direct loan consolidation: loanconsolidation.ed.gov/ They will walk you through everything. However, in the end, I decided not to consolidate afterall. Here's why: I found out that consolidating would lower payments, but that just means I would pay more in the long run, stretched out over more time. The loan consolidators go ahead and pay off your debt to the (bank or government) for you, but then you owe THEM. Sometimes, they jack their rates more than what you would have paid to the original (bank or government). Second thing that worried me - if you consolidate your federal loans, you might lose money. You usually have a couple of different ones, all at different rates, ranging from 5 - 7%. When they consolidate, your low interest loans suffer, because their rates get jacked. Lastly, I didn't go with them, because they were sketchy on the phone. They wanted me to confirm everything and sign everything, but they wouldn't tell me what rate would be or how long it would take to pay back or how much I would owe a month until I agreed to sign everything. Now, I just pay directly to the government and the bank. If I had to do it all again, I might go straight to trusty bank. I need to see people in person, you know? They should help you weigh your options and figure out what is best, whereas a loan consolidator is only interested in what's best... for them. Be wary! Good luck

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