What is the best company to consolidate my student loans through?
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I am finishing up my bachelors degree and will then pursue my MBA. But I am figuring I will have 30,000 in student loans total after I finish up my bachelors. What Id like to know is what company is the best to consolidate through and how much money can I save? Also, If I have the money I can pay the loans off even before the 20 years correct? I mean I could pay them off asap right? Thanks
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Answer:
im in the same boat and i actually paid a 100 a month while still in school, during my BA and it ended up being only 10,000 after i graduated, then i went into deferment again while i am finishing up my MBA but again i paid every month, as much as i could afford, and it doesn't go towards the interest, just the principal, i consolidated through Wachovia and it seems fine, just have to make sure i monitor my interest rate. There is no early payment fee on most federal financial aid, but watch out for private companies, sometimes they tax you hard if you prepay or finish your repaymetn early.
Jason K at Yahoo! Answers Visit the source
Other answers
There may be something of use here.
David D
hello, hopefully one day you'll look back at this from a better financial position! Here's some resources that seem to help people in debt, all free http://finance.ebookorama.com also here http://credit.ebookorama.com http://credit-repair.ebookorama.com http://credit-cards.ebookorama.com good luck!
Marcus
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