So, I’m considering consolidating my student loans just so I don’t have to keep up with 7 different due dates, etc. I’ve got about ,000 in loans between like 4 federal loans, wells fargo, sallie mae, and chase. I also put about ,000 of my student loan debt on my american express card, which in retrospect was probably not the best idea.
Anyway, i just think it would be much more convenient to only have to make one payment a month. However, I’m going to USMC basic training in april. my private loans won’t let me defer payments while i’m gone, so my parents are going to make them for me for those 3 months. i’ll get back with about a ,000 paycheck (minus taxes), which i plan on paying off my credit cards with. i’ll be home for 10 days then go to mct, and then i’m pretty sure i’m going straight to my m.o.s. school, which is a year long.
so my QUESTION is: WHEN should I consolidate? Should I do it NOW, before I leave, and then my parents only have to deal with one payment? Should I consolidate during my 10 days of leave? Should I consolidate after MCT and start making payments during MOS school? Will I even have time to make payments during MOS school?
Is there anyone besides wells fargo that consolidates student loans? I’d really like to stop giving them my business as soon as possibly because their customer service is terrible. Will my interest rate be high or will it be an average of the rates on my loans? Or will I be able to negotiate?
Are there questions I’m forgetting to ask? Any advice is welcome…Thanks!
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is the a waiting time for basic or could i go this summer?
is there money for college available? loan repayments?
could i swap to active duty after i graduate? even if i try and become an officer after i get a degree?
is it hard to get into a law enforcement job or something on the water?
thanks!
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is there any relief for student loans. I own about 30k in private student, and about 50k in federal. This is too much. I keep seeing adds for removing, or lowering mortgage or credit card debt. Is there anything like that for student loans. I owe over 80k. I have tried consolidating, they wont let me do my private. With the loans combined, I am paying over 40 to 50 percent of my pay check. I have to keep putting this into forbearance, because I can not afford the high monthly payment. Is there a financial counselor that I can talk to.
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I just graduated back in May with total student loan debt of around ,000. Of the two loans, one is a direct student loan and I am able to make those monthly payments because they are affordable. The second is a Sallie Mae private student loan and has ridiculously high monthly payments. I have looked into consolidation through the Dept. of Education, but they do not offer consolidation to private loans. I have contacted Sallie Mae on multiple account via phone and mailing letters. They are not working with me. They refuse to lower my payments. What Do I do? Is there another company that could consolidate both my loans and help to lower my payments? I truly have no idea what to do! Any information would help 
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I realize that private loans are not usually the best idea for community college, but it would actually help me consolidate and lower the interest rate on debt that I already have while I’m going through school.
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I have a ton of student loans. I’m still in the grace period, but I have some high interest rates and would like to consolidate. Great lakes offers to take .25% of every loan’s individual interest rate and an additional .25% off when I sign up to auto debit. Is this a good deal or is there a better solution? I couldn’t find any consolidation service from Sallie Mae on their website. Here is my loan information.
sallie mae:
,000 at 7.875%
,000 at 9.125%
,500 at 6.8% (stafford subsidized)
,000 at 2.375%
,000 at 6.875%
Great Lakes:
,000 at ?% (stafford unsubsidized)
,000 at ?% (stafford unsubsidized)
,000 at ?% (stafford unsubsidized)
University accounting service
,000 at ?% (federal perkins)
Thanks,
A very poor recent graduate
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what is the best way to consolidate?
I forgot the name of the place where I can consolidate with no charge, anybody know?
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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).
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I am currently enrolled at a university, and have 3 student loans. Two through my school in the form of financial aid and one through a private lender. I am going to need another loan for another year of school, and I was wondering if it was sensible to request enough for my final loan to pay off my three current loans and consolidate all my debt into a single loan with a lower APR if possible.
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I am looking to consolidate my Federal Student Loans in an effort to reduce my monthly payment (I am in the process of being approved for my first mortgage). Until recently, this wasn’t something I was considering, but now having a lower monthly payment would be great. Any advice on a good company to go through for consolidation? How long does the process typically take? Anything else I should be aware of?
I currently have about ,000.00 in Federal Student loans (but also have private student loans) so…the lower the payments, the better off we will be. Thanks for your help!
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