*Miss K* asked:


I have a government loan (the Ford Subsidized Loan) and a private loan (the SELF loan). I was told that I couldn’t consolidate with a federal and a private loan. Is this true? Can anyone give me any insight to student loan consolidation?

My loan payments will be starting in early December for the Ford loan, so I would like to figure it out ASAP. I have an excellent credit rating and I have always made my loan interest payments on time. I don’t know if that helps or makes a difference. Thanks!!

Ash4878 asked:

DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We…

Rosee asked:


Should a 23 yr old student, who is planning on persuing a Master’s degree apply for a studet loan in his own name, alone, or add his parent’s information, also?

Should the student skip step 3, and go to step 4, on the FAFSA application?

Wouldn’t the student qualify for more financial aid applying on his own?

Kane L asked:


I am 19 and will be moving and living on my own plus attending college. I was hoping to get a student loan to help pay for housing so I don’t need to work 40/hr weeks. Anyone know the best loan to apply for? Best company? Other alternatives?

confusedBoi asked:


I am go to University of California San Diego. My parents are not paying for my college fees and i plan to make student loans.(i receive no scholarships) Can anyone tell me in details how to take out a full student loan. Is there any guarantees? How much is the interest?

Every person who has ever done a search on the internet for student loan debt consolidation has found that there are unbelievable numbers of websites that claims that their company is the one that can help you consolidate your debt into one low monthly payment. But no matter how many times you read that line on website after website, you don’t feel the trust that you need to continue. This is because these companies often avoid explaining themselves to you, and you need to understand exactly what it is that is going on to avoid the scams that are undoubtedly out there as well.

Now let us set a picture to help you understand. You are a student who is about to graduate. You have tons of credit card bills, student loans, and medical bills. Though you are able to make the minimum payments on most of your monthly bills, you are starting to fall behind on other. This then give you late fees to pay along with everything else, unless you are lucky, and now you have decided to look towards student loan consolidation, as well as other debt consolidation plans.

Next, let us focus on your student loans. For student loan consolidations you want to split your loans into two groups. First one for your federal student loans and then another one for your private student loans. You must avoid combining these student loans at all cost. The reason is that you get certain benefits from federal student loans that you can get in federal student loan consolidation only if there are no private student loans mixed in. These include tax breaks on the interest rate and pardons on certain federal student loans. For those reasons you will want to avoid private student loans as much as possible in the first place.

Next we will focus on debt consolidations in general, including the student loan consolidation. For loan consolidations in general, a settlement plan will be made to your loaners that will help to decrease how much you owe. Like you would with the different types of student loan debt consolidation, you should keep different types of debt separate from each other. This means group secured with secured, and unsecured with unsecured.

When you are looking to consolidate your debt, with student loans debt consolidation included, you want to take a look at the interest rates available. If you have different set interest rates for your different loans, then your interest rate for your consolidated loan should be set somewhere in between the highest and lowest. This is decided by multiplying each of the loans by the corresponding interest rates, and adding all the values together (this total will be X), then adding all of the original loan values together (this total will be Y). You then divide the first answer by the second one, which would be X/Y.

Student loan consolidations for students and other loan consolidations for anybody who is in need is a good thing for most people, especially those who do their research, and then pick their plan.



By: Hassan-Ahmed

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globalvisiondanny asked:

Danny Schechter about students that have thousands of dollars in debt when they graduate. … danny schechter indebtwetrust IDWT in debt we trust stop the squeeze stopthesqueeze students college Dirk Asmus

Kevin R asked:


I have a car payment, a cell phone bill, and a credit card… where can I get a loan that I can defer until after I graduate that I can use for these things and not just tuition like most college loans such as astrive?

Kenny S asked:


I have about $50,000 in student loan debt multiple student loans. About half of my debt comes from federal loans (both subsidized and unsubsidized), and the other half is from two separate, private lenders. I graduate in May, but I can’t find information on consolidation. I already have a full time job after I graduate, but making multiple minimum payments to different lenders seems a little ridiculous.

Does anybody have information on how I can consolidate my loans into one loan? Most consolidation programs only let you consolidate your federal loans. Like most recent college graduates, I won’t have any collateral to take out a “conventional” loan from a local bank. Also, I would like to do this from a company that will keep the loan classified as “student loan debt” to take advantage of the tax benefits.

Thanks for any advice you can offer.

** I am aware of the pros and cons of loan consolidation. I would like to explore this option for having the convenience of one payment as well as having the option of a lower monthly payment

Super Nothing asked:


Ok so my junior counsellor came to my class and started talking about colleges (college prep school). It got me thinking about college and how i’m gonna pay for it. So i wanna know if it’s easy to get a loan or a grant. I’d also like to know, what is the GPA requirement for Cal Tech in pasadena, ca?