Comments on: What is the best way to manage multiple student loans? http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/ Call 888-653-9681 To Get Debt Help Now! Tue, 07 Feb 2012 17:13:18 +0000 http://wordpress.org/?v=2.6.5 By: sophieb http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17170 sophieb Fri, 27 Nov 2009 19:49:08 +0000 http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17170 The William D. Ford Direct Loan Program is the group that will consolidate your federal sudent loans. I don't know of anyone consolidating private loans. You'd have to make your own repayment arrangements with those. You can get the Ford consolidation if you have not been in default. If those loans are in default then you'll have to deal with the collectors. The William D. Ford Direct Loan Program is the group that will consolidate your federal sudent loans. I don’t know of anyone consolidating private loans. You’d have to make your own repayment arrangements with those. You can get the Ford consolidation if you have not been in default. If those loans are in default then you’ll have to deal with the collectors.

]]> By: squeezie_1999 http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17169 squeezie_1999 Fri, 27 Nov 2009 02:05:29 +0000 http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17169 If your interest rates are outrageous, then refinancing at a lower rate might make sense. Rarely however, will you get a better rate than on a government subsidized student loan. Be careful, that there are no prepayment penalties however. At the end of the day however, the real question is whether your income can support the total loan portfolio. Be realistic. When you graduate, there will be minor items like food, rent, car, girlfriend and life, that you will need to pay for in addition to the loans. It would also be better to work 3 jobs now and minimize further loan balances than to incur more debt. If your interest rates are outrageous, then refinancing at a lower rate might make sense. Rarely however, will you get a better rate than on a government subsidized student loan. Be careful, that there are no prepayment penalties however. At the end of the day however, the real question is whether your income can support the total loan portfolio. Be realistic. When you graduate, there will be minor items like food, rent, car, girlfriend and life, that you will need to pay for in addition to the loans. It would also be better to work 3 jobs now and minimize further loan balances than to incur more debt.

]]> By: Reality http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17168 Reality Wed, 25 Nov 2009 01:39:13 +0000 http://www.debt-loans.biz/blog/personal-finance/what-is-the-best-way-to-manage-multiple-student-loans/#comment-17168 Consolidating your student loans might be a good idea. When you consolidate, you can extend the term of repayment up to 30 years (depending on how much you owe). This gives you the cushion of a lower monthly payment. However, it means you will end up paying more interest over the life of the loan. Sallie Mae has a calculator that will let you try different options and see what your payments will be.… Consolidating your student loans might be a good idea. When you consolidate, you can extend the term of repayment up to 30 years (depending on how much you owe). This gives you the cushion of a lower monthly payment. However, it means you will end up paying more interest over the life of the loan.

Sallie Mae has a calculator that will let you try different options and see what your payments will be.…

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