Comments on: Student Loan Consolidation http://www.consumerismcommentary.com/2005/04/25/student-loan-consolidation/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Flexo http://www.consumerismcommentary.com/2005/04/25/student-loan-consolidation/#comment-359 Flexo Tue, 21 Jun 2005 05:30:33 +0000 http://wp.consumerismcommentary.com/?p=271#comment-359 I've <a href="http://www.consumerismcommentary.com/index.php?page=archives/2005/06/20/time_to_consolidate" rel="nofollow">posted an update</a> detailing tonight's experience with consolidation. I’ve posted an update detailing tonight’s experience with consolidation.

]]> By: Student Loan Horror Story http://www.consumerismcommentary.com/2005/04/25/student-loan-consolidation/#comment-358 Student Loan Horror Story Sun, 15 May 2005 02:27:26 +0000 http://wp.consumerismcommentary.com/?p=271#comment-358 I had a real problem with my student loan debt some years ago. I can write from experience: consolidate now while the interest rates are still low. It's a once in a lifetime opportunity to save a lot of money in the long term. I had a real problem with my student loan debt some years ago. I can write from experience: consolidate now while the interest rates are still low. It’s a once in a lifetime opportunity to save a lot of money in the long term.

]]> By: Excomitate http://www.consumerismcommentary.com/2005/04/25/student-loan-consolidation/#comment-357 Excomitate Tue, 26 Apr 2005 01:41:13 +0000 http://wp.consumerismcommentary.com/?p=271#comment-357 I may be misunderstanding your comment on benefits, but many loan consolidation programs for offer benefits. The best one I have seen, www.uheaa.org, (NFI) offers 1.25% off for electronic deduction and another 1% off after 48 on time payments (and, as I understand it, you can reach the 48 payments earlier by making larger payments). I wish I could take advantage of this offer, but as I am still in law school, I cannot. Other programs do allow in school consolidation so I will be consolidating under a program .25% for electronic deduction and 1.0% reduction after 36 months. Also, I am fairly certain that at least some loan consolidation companies allow grace periods as well as including deferment and forebearance options found under the federal loan programs. I may be misunderstanding your comment on benefits, but many loan consolidation programs for offer benefits.

The best one I have seen, http://www.uheaa.org, (NFI) offers 1.25% off for electronic deduction and another 1% off after 48 on time payments (and, as I understand it, you can reach the 48 payments earlier by making larger payments).

I wish I could take advantage of this offer, but as I am still in law school, I cannot. Other programs do allow in school consolidation so I will be consolidating under a program .25% for electronic deduction and 1.0% reduction after 36 months.

Also, I am fairly certain that at least some loan consolidation companies allow grace periods as well as including deferment and forebearance options found under the federal loan programs.

]]> By: Christina http://www.consumerismcommentary.com/2005/04/25/student-loan-consolidation/#comment-356 Christina Tue, 26 Apr 2005 00:29:42 +0000 http://wp.consumerismcommentary.com/?p=271#comment-356 Another thing I've discovered that's a con is that if you're in school still (say grad school) you can't consolidate <b>all</b> loans together (undergrad and grad). Plus, every offer I've received is only for loan amounts greater than $10,000, which all of mine aren't. Just gonna hope the increase on interest rates isn't huge--at least not for another year! Another thing I’ve discovered that’s a con is that if you’re in school still (say grad school) you can’t consolidate all loans together (undergrad and grad). Plus, every offer I’ve received is only for loan amounts greater than $10,000, which all of mine aren’t. Just gonna hope the increase on interest rates isn’t huge–at least not for another year!

]]>