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Student Loan rates- Help!

kdelace Posted: Jun 22, 2005 09:17 PM+

kdelace MEMBER SINCE: 7/03 TOTAL POSTS : 3089 WEDDING DATE: Jan 01, 2011

Posted: Jun 22, 2005 09:17 PM

Student Loan rates- Help!

want to consolidate- who do you have your student loans with??? low rate? of course I waited until the last minute

nov04LIbride Posted: Jun 22, 2005 09:18 PM+

nov04LIbride MEMBER SINCE: 3/04 TOTAL POSTS : 8140 WEDDING DATE: Nov 06, 2004

Posted: Jun 22, 2005 09:18 PM

Re: Student Loan rates- Help!

LOL you have til midnight on the 30th! I have a 3.25% with Sallie Mae.

cocoa Posted: Jun 22, 2005 09:23 PM+

cocoa MEMBER SINCE: 1/04 TOTAL POSTS : 5872 WEDDING DATE: Aug 08, 2004

Posted: Jun 22, 2005 09:23 PM

Re: Student Loan rates- Help!

I was just about to post the same thing!!! I have my loan through Direct Loan (government). I have some notice from MBNA and another through College Loan Corp. I pay my loan automatically through my checking. Who do I call? Do I keep paying the way I do? I am totally confused!

bride04 Posted: Jun 22, 2005 09:33 PM+

bride04 MEMBER SINCE: 10/02 TOTAL POSTS : 2175 WEDDING DATE: Apr 17, 2004

Posted: Jun 22, 2005 09:33 PM

Re: Student Loan rates- Help!

Can you reconsolidate your loans? I already consolidated mine a few years ago. Is the current rate 3.25%? Right now my interest rate is 4.0%, but in July it should go down to 3.0% because I made 3 years of on time payments. Before you consolidate, make sure you shop around. Even though the interest rate you get initially will be the same, a lot of lenders offer incentives for paying on time. I remember one I looked into gave a decrease of 0.5% after 4 years, but I found one that gave 1.0% after only 3 years.

cjb88 Posted: Jun 22, 2005 10:07 PM+

cjb88 MEMBER SINCE: 11/04 TOTAL POSTS : 7313 WEDDING DATE: Apr 08, 2006

Posted: Jun 22, 2005 10:07 PM

Re: Student Loan rates- Help!

I consolodated with Direct Loans (govt ) and my interest rate is 3.125% which will also go down a bit once I make a certian amount of on time payments...

christy Posted: Jun 22, 2005 10:30 PM+

christy MEMBER SINCE: 1/02 TOTAL POSTS : 6763 WEDDING DATE: Apr 18, 2003

Posted: Jun 22, 2005 10:30 PM

Re: Student Loan rates- Help!

Posted by nov04LIbride

LOL you have til midnight on the 30th! I have a 3.25% with Sallie Mae.

Is there something going on that I dont know about? I already consolidated years ago with Sallie Mae...can I get a better rate now?

VickiC Posted: Jun 23, 2005 08:48 AM+

VickiC MEMBER SINCE: 1/02 TOTAL POSTS : 2395 WEDDING DATE: Aug 18, 2002

Posted: Jun 23, 2005 08:48 AM

Re: Student Loan rates- Help!

You can only reconsolidate your loans if you have a new student loan to add to it.

You also can only consolidate Federal loans, any private Student loans cannot be rolled into the consolidation (as we found out a couple weeks ago).

We have my DH's through Citibank and are locked in at 2.875%. We're rolling his Sallie Mae loan into his current Gov't loans as well.