March 17, 201214 yr I just received the notice I was eligible to consolidate my student loans. It seems like an easy decision to go with the consolidation.
March 18, 201214 yr 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.
March 19, 201214 yr 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?
March 19, 201214 yr 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.
March 19, 201214 yr 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).
March 19, 201214 yr 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.
March 19, 201214 yr 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.
March 19, 201214 yr 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?
March 21, 201214 yr 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.
March 21, 201214 yr 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%
March 21, 201214 yr 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.
March 22, 201214 yr 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.
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