To most of the fresh graduates out there, it is a painful issue to pay back the loans they have taken to support their college or university studies. If you are currently paying multiple interest rates to multiple loan agencies, you should know how that feels. Have you ever imagine that you can save thousands of dollars by consolidating your student loans? In fact, you can either go for federal student loan consolidation or private student loan consolidation.

Loan agencies

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I currently have about $15K in student loans at around 8.5% (variable rate). They are private loans, NOT federal. My credit card is offering 4.99% for balance transfers until paid in full. Will it hurt my credit score to move this debt to my credit card? I know that the mix of revolving debt v. term debt is a consideration, but I don’t know if it’s significant enough to be paying the higher interest. I have 8 years left on my term loan right now (10 year loan).

Are you sick of paying interest on your monthly student loans with no end in sight? Afraid of cash-flow problems that may prevent you from paying your student loans on time? I know I was and there is a solution to this problem. It is called student loan consolidation.

What is Student Loan Consolidation?

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I have bad/fair credit. I’m sorta on the boarderline score wise. Where can I get a consolidation loan so I only have to make one monthly payment instead of 3? I owe Sallie Mae, Wachovia, and a balance with my school. Will a consolidation loan take in the balance I owe the school?

It is common knowledge that education costs much more day by day and thus has turned to a really big concern for not only students but their family as well. To assist both their education and other daily expenditure, students are truly drowning in debts and feel it hard to settle their financial trouble. Nonetheless, they are at present do not have to be stressful about this matter any more since there exists a student loan consolidation program which is reckoned as the key to release them from stress as it provides students chances to make repayments easier. Then the questions are what it does and how it helps? The article below can be a great help for you to have an insight in this issue by indicating some basic facts and the benefits of student loan consolidation program.

To begin with, let us make an overview of what student loan consolidation program brings students. This program allows borrowers to keep outstanding student loans. For example, if you own five isolated government student loans, you could consolidate them by bundling them into a unique one. You will thence get a fortune to solve a single loaner and a new complete loan with smaller interest rate.

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A lot of students need to get student loans in order to complete their education. However, student loans can be a huge financial burden to most people, with high interest rates. Here’s where a student loan consolidation can help.

Essentially, a student loan consolidation gives you a longer period of time (as long as 30 years) to repay your student loans. Usually the interest rates are much lower since a student loan consolidation takes into average all the student loans you are currently paying.

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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?

I HAVE A VERY BIG DECISION ON MY HANDS
I am 22 recently graduated from San Francisco state university with a 3.85 overall GPA and 1240 GRE score.
I want to get a phd in psychology and be a professor at the university levl but for now I’m doing a Masters.
I had plans to start my MA at sf state in fall but yesterday (coincidentally on the day of my grad party) got a letter from NYU with an offer of admission to the MA program there!
Sounds like a no brainier except when you consider that NYU is giving me no financial aid is 30,000 a year compared to sf state which is 5,000 a year.
with living expenses factored in I would have about 100 thousand in loans at the end of two years in comparison to 30 thousand in loans if I went to sf state. Is the prestigious name of NYU enough to compensate for the massive loans? Im hoping going to NYU will help me get into a better phd program down the road. But who knows… IM VERY CONFUSED!
Please help
THANKS =)
link broken… gave u a thumbs down

When getting any kind of loan, whether it is student loan consolidation or a mortgage, you will soon find that a lot of paperwork must be filled out. This can be a hassle, and seem repetitive. Is there an easier way to get student loan consolidation loans? Find an easier way here!

Most students will go physically to a bank or lender and apply for student loan consolidation. They will need to take a lot of paperwork with them. We all have found ourselves in such a position, even if we weren’t applying for student loan consolidation.

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