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my summer school? So if you could give the name of the banks, website or whatever it would be very helpful to me. I been seeing websites talk about bad credit private student loans but i could never find so are there really bad credit private student loans or is this something that is made up? And I’m looking for lenders in the U.S.A. not across seas because i’m not trying to pay a residential fee to get this loan matter of fact im not trying to pay any thing to get it and also I want to have my payments deferred until 6 months after I graduate which will be May 2008.
I have college loans from about 5 different lenders, and I want to combined them into one payment, is it possible? Is it normal to borrow from different lenders?
I have 0,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments– is there something similar I could get for a personal loan? THANKS!
it seems like there aren’t any lenders that do federal student loan consolidation programs. Are there any out there? not private loans.so far it seems like the dept of ed has ended other programs. please help
thanks Ruth. Can you ask your relative if it was a federal loan?
New question, is it possible to debt consolidate federal student loans?? so there’s debt and then student loan consolidation.
EVENT ORIGINALLY BROADCAST: September 18, 2006 Within the next two weeks, the US Department of Educations Inspector General is expected to release an audit of the Nelnet Corporation, a major student loan provider, recommending that it be ordered to repay hundreds millions of dollars in taxpayer subsidy payments to the US Treasury and halt additional, future subsidy billings estimated to exceed .3 billion. At issue are subsidy payments guaranteeing Nelnet and other student loan companies a 9.5 percent rate of return for student loans originally issued at interest rates as low as 3.5 percent. Congress thought it got rid of the 9.5 percent guarantee in 1993, but due to a legislative loophole and lax federal oversight, the subsidy continued and grew exponentially over the last several years. At this New America event, the Bush Administration whistleblower who originally reported the 9.5 percent loan scandal to Congress and the media told his side of the story in his first-ever public appearance. In addition, Raza Khan, President and Co-Founder of student loan provider MyRichUncle, discussed additional taxpayer subsidies in the federal student loan program and how lenders use the extra money in ways that might or might not be in the best interests of students and families. Doug Lederman, editor of Inside Higher Ed, responded to the remarks of both speakers. www.newamerica.net
I have ,000 in various student loans, but since consolidating my combined payment is only 0/month. I have no other debt. Do lenders view student loan debt differently due to the flexibility of the loans? Also, would they look more at the total amount of the debt or the monthly payment when determining the rate and loan amount?