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NWR: Anyone student loan savvy?

thelastresort Posted: Mar 15, 2007 10:20 AM+

thelastresort MEMBER SINCE: 4/06 TOTAL POSTS : 3383 WEDDING DATE: Nov 11, 2007

Posted: Mar 15, 2007 10:20 AM

NWR: Anyone student loan savvy?

I need help! Can you FM me if you are savvy with the student loan ordeal? Thanks!

NY2Cincinnati Posted: Mar 15, 2007 10:23 AM+

NY2Cincinnati MEMBER SINCE: 2/07 TOTAL POSTS : 1349 WEDDING DATE: Jul 07, 2007

Posted: Mar 15, 2007 10:23 AM

Re: NWR: Anyone student loan savvy?

All I know is my FH has our student loans taken out of our savings every month automatically so we don't have ot worry about it.

thelastresort Posted: Mar 15, 2007 10:27 AM+

thelastresort MEMBER SINCE: 4/06 TOTAL POSTS : 3383 WEDDING DATE: Nov 11, 2007

Posted: Mar 15, 2007 10:27 AM

Re: NWR: Anyone student loan savvy?

Oh, that's not my issue. Auto-debit is a great thing! I think I'm getting over-charged or something on my student loans even though they are consolidated. I don't know. I just don't get the whole process and I can't call my company and ask 'hey, can you explain this to me because I feel like you are screwing me out of money. Thanks.' I hate student loans!

rkl1130 Posted: Mar 15, 2007 11:07 AM+

rkl1130 MEMBER SINCE: 12/06 TOTAL POSTS : 3188 WEDDING DATE: Aug 24, 2007

Posted: Mar 15, 2007 11:07 AM

Re: NWR: Anyone student loan savvy?

Posted by thelastresort

Oh, that's not my issue. Auto-debit is a great thing! I think I'm getting over-charged or something on my student loans even though they are consolidated. I don't know. I just don't get the whole process and I can't call my company and ask 'hey, can you explain this to me because I feel like you are screwing me out of money. Thanks.' I hate student loans!

How do you think you are getting overcharged?

I know that my student loans are on some kind of graduated payment plan, so my payments get larger over time to account for the fact that out of college you don't make that much money...

Kara and Todd Posted: Mar 15, 2007 11:11 AM+

Kara and Todd MEMBER SINCE: 9/06 TOTAL POSTS : 6626 WEDDING DATE: Aug 11, 2007

Posted: Mar 15, 2007 11:11 AM

Re: NWR: Anyone student loan savvy?

Posted by thelastresort

Oh, that's not my issue. Auto-debit is a great thing! I think I'm getting over-charged or something on my student loans even though they are consolidated. I don't know. I just don't get the whole process and I can't call my company and ask 'hey, can you explain this to me because I feel like you are screwing me out of money. Thanks.' I hate student loans!

Yes, you CAN.

You SHOULD call them - that should be the starting point. They're usually really good about explaining their charges. I'd start with them and if you're not satisfied take other action.

Definitely call them to ask first!

jenafee Posted: Mar 15, 2007 11:17 AM+

jenafee MEMBER SINCE: 1/06 TOTAL POSTS : 4422 WEDDING DATE: May 12, 2007

Posted: Mar 15, 2007 11:17 AM

Re: NWR: Anyone student loan savvy?

Definitely call them and ask how the charges go. Its your $ that they're taking each month, so you have a right of understanding them! I'm sure they get plenty of phone calls each week describing how the process goes.
Can you move the loan to a new bank or make it a personal loan?

Blondie77 Posted: Mar 15, 2007 12:07 PM+

Blondie77 MEMBER SINCE: 8/06 TOTAL POSTS : 95 WEDDING DATE: Aug 31, 2008

Posted: Mar 15, 2007 12:07 PM

Re: NWR: Anyone student loan savvy?

when did you consolidate? private or govt? also, OFTEN the lower the payment you make (for private loans) the higher your interest rate is.

BubbasBride Posted: Mar 15, 2007 12:07 PM+

BubbasBride MEMBER SINCE: 12/06 TOTAL POSTS : 1027 WEDDING DATE: Mar 14, 2008

Posted: Mar 15, 2007 12:07 PM

Re: NWR: Anyone student loan savvy?

Posted by thelastresort

Oh, that's not my issue. Auto-debit is a great thing! I think I'm getting over-charged or something on my student loans even though they are consolidated. I don't know. I just don't get the whole process and I can't call my company and ask 'hey, can you explain this to me because I feel like you are screwing me out of money. Thanks.' I hate student loans!

Actually, that's exactly what I would do. If I am paying someone, I want to know exactly how they arrived at their figure. They have to explain it to you. I have called Sallie Mae in the past to question things and found them to be helpful.