after i end my college an am graduating i see that i will be under some pretty heavy debt. i am worried about it right now though because the finish is coming up. my question is does consalidating your student loans help at all that much or does it just make it more eeassy on you to have one payment? do you really save the mony by consalidating? if my monthyl balalcne payment is too hi even if i is to consalidate is there other option to take to help me lower my monthly payment? i figure you people have to deal with these loans in the past years of school you had to.
Good ole Dookie.... It seems like every one of his posts either has to do with sex or student loans, lol!
Uh - go back to school. Then you can defer your payments. Stay in school forever and never pay them back!
stay away from wells fargo, they screwed me over. i graduated in 02 and consolidated w/ them. then i went back to school so my loan was suspended again. after i finished school the second time, i contacted wells fargo at the 6 month mark (the usual grace period). the lady told me that my student loan bill would start coming the following month. when the first bill came, they charged me an extra $200 bc they said that there was no grace period. they said that since i didnt pay during those 6 months there was extra interest. however, this was total crop bc the letter stated that my 6 month grace period had just expired... so i called wells fargo to find out why they charged me an extra $200 and they basically said "screw you, pay me!" in the end, what can i do. i borrowed the money and they can screw up my credit... with that said, be wary of ALL lenders. theyre out to fill their pockets at your expense. as far as consolidation... consolidating will save you in the neighborhood of .5% off the interest rate. some lenders will give you another .5% off if you do a direct deposit. (but i wouldnt recommend that. i personally like to see how much im paying every month by writing a check) you shoud take the initiative and contact the lender and notify them as to when you graduated. many dont keep track of it so that they can ambush you w/ extra interest. congratulations on your graduation. i hope you have a phat job lined up
