Texsox Posted March 17, 2012 Share Posted March 17, 2012 I just received the notice I was eligible to consolidate my student loans. It seems like an easy decision to go with the consolidation. Quote Link to comment Share on other sites More sharing options...
kapkomet Posted March 18, 2012 Share Posted March 18, 2012 It is right now but you better hurry. The rates double on July 1. Quote Link to comment Share on other sites More sharing options...
The Beast Posted March 18, 2012 Share Posted March 18, 2012 How easy is it to get loans for grad school? I'd imagine it is just like getting loans for undergrad, but I don't know that for a fact. Quote Link to comment Share on other sites More sharing options...
dasox24 Posted March 19, 2012 Share Posted March 19, 2012 Yeah, I can consolidate mine too but haven't yet. I also think it seems like the easy route to go. What's yalls opinion? Quote Link to comment Share on other sites More sharing options...
Jenksismyhero Posted March 19, 2012 Share Posted March 19, 2012 QUOTE (MuckFinnesota @ Mar 18, 2012 -> 10:38 AM) How easy is it to get loans for grad school? I'd imagine it is just like getting loans for undergrad, but I don't know that for a fact. Yes, it's the same process basically. Quote Link to comment Share on other sites More sharing options...
Jenksismyhero Posted March 19, 2012 Share Posted March 19, 2012 QUOTE (dasox24 @ Mar 18, 2012 -> 09:12 PM) Yeah, I can consolidate mine too but haven't yet. I also think it seems like the easy route to go. What's yalls opinion? Just have to be sure it makes sense depending on your situation. If you've got some loans at a really low interest rate and some high it might not make sense. If you consolidate you're also potentially extending the length of the loan (not a big deal if you just started paying it back, but could be if you've been paying for 6-7 years). Quote Link to comment Share on other sites More sharing options...
dasox24 Posted March 19, 2012 Share Posted March 19, 2012 QUOTE (Jenksismyb**** @ Mar 19, 2012 -> 10:24 AM) Just have to be sure it makes sense depending on your situation. If you've got some loans at a really low interest rate and some high it might not make sense. If you consolidate you're also potentially extending the length of the loan (not a big deal if you just started paying it back, but could be if you've been paying for 6-7 years). All of my loans have the same interest rate. And I've only been paying back for 4 months. Given that knowledge, consolidating would seem to make sense, right? It just seems easier to pay one lender instead of two. Quote Link to comment Share on other sites More sharing options...
Iwritecode Posted March 19, 2012 Share Posted March 19, 2012 QUOTE (dasox24 @ Mar 19, 2012 -> 10:37 AM) All of my loans have the same interest rate. And I've only been paying back for 4 months. Given that knowledge, consolidating would seem to make sense, right? It just seems easier to pay one lender instead of two. As long as you're consolidating into a lower interest rate, then yes. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted March 19, 2012 Share Posted March 19, 2012 QUOTE (kapkomet @ Mar 17, 2012 -> 09:17 PM) It is right now but you better hurry. The rates double on July 1. Where are they at now? Quote Link to comment Share on other sites More sharing options...
kapkomet Posted March 21, 2012 Share Posted March 21, 2012 3. to 3.25%, generally, going up to 6. to 6.5%. Quote Link to comment Share on other sites More sharing options...
NorthSideSox72 Posted March 21, 2012 Share Posted March 21, 2012 My wife's loan started into payments in 2004, and somehow, she got a rate that was 2.75%. Then after 5 years of on time payments, it went down to 1.75%. Not a typo. I won't be paying that baby off for a while. That's like inflationary-level free money. Quote Link to comment Share on other sites More sharing options...
Jenksismyhero Posted March 21, 2012 Share Posted March 21, 2012 QUOTE (NorthSideSox72 @ Mar 21, 2012 -> 08:24 AM) My wife's loan started into payments in 2004, and somehow, she got a rate that was 2.75%. Then after 5 years of on time payments, it went down to 1.75%. Not a typo. I won't be paying that baby off for a while. That's like inflationary-level free money. Yeah i've got a few of those from undergrad. Unfortunately my law loans are at 6.75% Quote Link to comment Share on other sites More sharing options...
bigruss Posted March 21, 2012 Share Posted March 21, 2012 My ex's first year of student loans is something near or over 10%, she was getting them at the worst possible time in 2008. Quote Link to comment Share on other sites More sharing options...
farmteam Posted March 22, 2012 Share Posted March 22, 2012 QUOTE (bigruss22 @ Mar 21, 2012 -> 04:55 PM) My ex's first year of student loans is something near or over 10%, she was getting them at the worst possible time in 2008. Ahem. Don't get me started. Quote Link to comment Share on other sites More sharing options...
SoxFan1 Posted March 22, 2012 Share Posted March 22, 2012 I'm terrified about my upcoming loans. My 6 month grace period is out in June. Quote Link to comment Share on other sites More sharing options...
Texsox Posted March 22, 2012 Author Share Posted March 22, 2012 I am 6.75 but with the consolidation they will drop .5 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.