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#605450 - 03/04/11 05:11 AM student loan consolidation
godna13 Offline
Curious

Registered: 11/19/10
Posts: 2
Hi! I'm been talking of engagement with my boyfriend and last night it hit me that i should consolidate all my student loans so i would have more money to save for a potential wedding.

my question is, does anyone know of a good company for this? i have googled but that doesnt mean a company is legit, they just paid! i have consolidated my public loans through the government, just wondering about my private loans.

thank you! Laura


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#605480 - 03/04/11 07:08 AM Re: student loan consolidation [Re: godna13]
flashfrenzy Offline
The Pink Orchid

Registered: 01/05/05
Posts: 3339
Look at dl.ed.gov.

There should be a link to information about consolidating your loans on the homepage.

Good luck paying off those loans!

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#606061 - 03/06/11 04:23 PM Re: student loan consolidation [Re: godna13]
kandry Offline
Ashaholic

Registered: 08/19/03
Posts: 362
Loc: Florida
Check out this book at the bookstore called "Graduation Debt: how to manage your student loans and live your life" By Goebel. It gives great advice and resources for managing student loans.


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#709087 - 02/01/12 11:03 PM Re: student loan consolidation [Re: godna13]
KatNewby Offline
Connoisseur

Registered: 02/07/11
Posts: 1445
Loc: Michigan
I would like to chime in here and let you know that a LOT of times consolidation actually ends up costing you money frown people assume that when they make one easy payment, it will somehow cut debt, but you have to understand that colidation is basically a company taking on all of your previous debt and giving you one monthly payment. This, for the company, is not without it's risks, so they often upcharge on the interest rate.

Not all debt consolidation is bad, however. I would suggest you check out Dave Ramsey on debt consolidation. Just google those terms and I'm sure you will probably find his website, and possible some youtube videos.

Good luck! But proceed with caution smile

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