Comments on: Time to Consolidate http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/ 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: Phillips http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/#comment-2382 Phillips Sat, 15 Apr 2006 19:38:40 +0000 http://wp.consumerismcommentary.com/?p=357#comment-2382 be careful coz they are increasing the interest rates "From July 2006, interest rates on federal student loans will be fixed in at 6.8% as a result of the legislation that was passed by Congress in February. " Source: http://www.moneysavingfreetips.com/student-loan-debts.html be careful coz they are increasing the interest rates

“From July 2006, interest rates on federal student loans will be fixed in at 6.8% as a result of the legislation that was passed by Congress in February. ”
Source: http://www.moneysavingfreetips.com/student-loan-debts.html

]]> By: Flexo http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/#comment-562 Flexo Mon, 27 Jun 2005 20:50:30 +0000 http://wp.consumerismcommentary.com/?p=357#comment-562 Awesome, finally my school will gain some credibility! :> Awesome, finally my school will gain some credibility! :>

]]> By: jim http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/#comment-561 jim Mon, 27 Jun 2005 20:39:15 +0000 http://wp.consumerismcommentary.com/?p=357#comment-561 You're going to get the same degree as Shaq! <a href="http://sportsillustrated.cnn.com/2005/basketball/nba/06/25/shaq.masters.ap/index.html?cnn=yes" rel="nofollow">http://sportsillustrated.cnn.com/2005/basketball/nba/06/25/shaq.masters.ap/index.html?cnn=yes</a> You’re going to get the same degree as Shaq!

http://sportsillustrated.cnn.com/2005/basketball/nba/06/25/shaq.masters.ap/index.html?cnn=yes

]]> By: Flexo http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/#comment-560 Flexo Tue, 21 Jun 2005 18:55:03 +0000 http://wp.consumerismcommentary.com/?p=357#comment-560 Matt, I believe the only reason I am able to defer my consolidated loan is because they are all loans for graduate school. If they were undergrad loans I wouldn't be able to defer them after consolidation. This is how it was explained to me by Brad from the College Loan Corporation. I would have gone ahead and consolidated either way; I'm working full time and I could payy of the loans pretty easily, since most of it is reimbursed by my employer. Matt,

I believe the only reason I am able to defer my consolidated loan is because they are all loans for graduate school. If they were undergrad loans I wouldn’t be able to defer them after consolidation.

This is how it was explained to me by Brad from the College Loan Corporation. I would have gone ahead and consolidated either way; I’m working full time and I could payy of the loans pretty easily, since most of it is reimbursed by my employer.

]]> By: matt http://www.consumerismcommentary.com/2005/06/20/time-to-consolidate/#comment-559 matt Tue, 21 Jun 2005 18:36:50 +0000 http://wp.consumerismcommentary.com/?p=357#comment-559 I am beginning graduate school in the fall, so I will be able to defer my loans then. As far as I can tell, if I consolidate now I won't be able to start a new deferment. I only have about $7k in loans, so the advantage of being able to defer seems to outweigh the higher interest I will pay in two years, especially since I will likely be able to deduct all of the interest I pay on the loan anyway. Unless of course I am misunderstanding something, which is highly likely. I am beginning graduate school in the fall, so I will be able to defer my loans then. As far as I can tell, if I consolidate now I won’t be able to start a new deferment. I only have about $7k in loans, so the advantage of being able to defer seems to outweigh the higher interest I will pay in two years, especially since I will likely be able to deduct all of the interest I pay on the loan anyway.

Unless of course I am misunderstanding something, which is highly likely.

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