Who are the best companies to consolidate student loans through?
101694
If you have all your loans through one company, you are required to consolidate through them, I believe.\n\nIf not, its best to go with whatever company you feel most comfortable with, probably one that you are already with.  Most offer the same rates of interest (the lowest available) with similiar incentives (1/4% reduction for direct withdrawl, 1% reduction for 36-consecutive payments, etc).\n\nBe careful when consolidating in Federal and Stafford loans though, as those have certain deferrment benefits that you lose under consolidation.\n\nI'd probably go with whatever company you have your largest debt with, as long as they are reputible and you are comfortable with them.
715124
Some employers will pay a portion or all of student loans as a type of hiring bonus, but in practice this is very rare.\n\nIf you didn't get a scholarship coming in to avoid taking the loan in the first place, chances are you're stuck with the loan.\n\nHowever, the best way to minimize the cost of the loan is to consolidate your school and student loans into one loan. See here for details:http://consolidateloannow.com.\n\nConsolidating is a huge benefit. It will reduce your interest and your monthly payments dramatically, and it's way less of a headache than juggling all those different loans and payments.\n\nAlso, student loan interest can be tax deductible after you consolidate.  Furthermore, if you sign up for automatic electronic payment when you consolidate your loan, you can reduce you interest rate considerably, shaving up to 15-20% off the monthly payment.\n\nhttp://consolidateloannow.com/archives/6  \n\nThe details are given there, basically any school loan consolidator listed on that site will offer competitive rates, but you should shop around.
1001960
Student loans are backed by the Federal Government. So, whatever 'they' get for consolidating comes directly from the federal government. Although, I'm not sure what they acutally do get in return. Probably the monies - which is just like a regular loan - only it comes from the fed.\n\nWhen I consolidated mine they loans were at 4% and 4.5% and my lock in rate was 5%. Which sucked. But, its better than what you would get in the futre. Those rate you have will automatically go up in July so you can either do it now at around 5-6% or have the government jump it up to 8% in July...\n\nALSO, since you are still in college you will lose the ability to consolidate your loans until you finish. So, if the rate goes up to 10% your SOL.\n\nTake the opportunity now...\n\nWith the way this president runs the country...he'll probably have student loans at 20% in the next 5 years.
830600
Hello Carrie,\n\nMy name is Jason Fry, and i am a student Loan advisor with Student Aid Lending..\n\nWe are a title IV lender administered by the department of education...\n\nMy company does both consolidation loans, as well as new loans for students (and parents)\n\nAll lenders that are licensed with the Deparment of Education have the same programs, rates, and options... Everything is regulated by the government so there is no difference technically in which lender you work with..\n\nThe only differences you can find from one student loan lender to the next is the type of rate discounts offered..\n\nThe department of education offers 3 rate discount options... Each individual lender determines if they will offer the rate discounts or not..\n\nMy company honors all discounts offered by the government...\n\nThis includes:\n\n*** .60% rate reduction for consolidation prior to graduation..\n\n*** .25% rate reduction for automatic debit\n\n*** 1% reduction for 36 months of ontime payments..\n\nMost other lenders out there will only offer 1 or 2 of the three.. Again, we honor all of them..\n\nIf you would like mor information about my company, please visit my yahoo 360 profile..\n\nhttp://360.yahoo.com/my_profile-HlUDUhMib7M9Wlj6o6L2SfGcEYtkt9xsaQ--?cq=1\n\nFrom there you can find the direct link to our website as well..\n\nDont hesitate to call or email me at anytime and i can walk you through the entire process!!\n\nGood Luck, i hope this helps!\n\nJason Fry\nStudent Aid Lending\n1-800-964-0642 Ext. 114\njasonf@studentaidlending.com
958823
Hello There,\n\nYES there are plenty of federal student loans available that you can use for anything!! Not just living expenses, but anytihing you need to use them for..\n\nIve used student loans to pay for miscellaneous items many times in the past because its your money... You need to buy what ever you need at the time you are going to college.. Your loans are money you are borrowing to do so...\n\nI work with Student Aid Lending, we are a nationwide lender administed by the department of Education (We have a title IV license)\n\nTake a lok at my yahoo 360 profile.. You can find alot of information about student loans and also direct links to my companies website...\n\nhttp://360.yahoo.com/my_profile-hluduhmi...\n\n\nFeel free to call or email me and i can process the entire consolidation for you in just 10 minutes over the phone..\n\nI hope this helps, and again, do not hesitate to call or email me with any additional questions!\n\nAnd congratulations to you for wanting to make someting great out of your life... I commend you for it! There needs to be more people like yourself that have the drive to want something more!\n\nJason Fry\nFinancial Advisor\nStudent Aid Lending\n1-800-964-0642 ext. 114\njasonf@StudentAidLending.com
49021
Try Advanced Credit Systems.\n\nVery reliable and great pricing!
450128
There are a lot of companies out there that do "consolidation" loans that I believe you are thinking about.\n\nThis type of loan often gives you enough to pay off all your smaller debts and can give you some extra money on top.\n\nNormally though they require collateral (IE a house) but a lot of the companies do take people with less than perfect credit history.\n\nStick on your TV and you'll soon find an advert for a company of this type.
671118
Determining if consolidation loans are the right decision for you requires serious thought. As with any decision of magnitude, carefully weighing the pros and cons is important.\n\nLet’s explore the pros and cons of this type of debt solution.\n\nPros:\n\nOne payment versus many payments: The average citizen of the USA pays 11 different creditors every month. Making one single payment is much easier than figuring out who should get paid how much and when. This makes managing your finances much easier.\n\nReduced interest rates: Since the most common type of debt consolidation loan is the home equity loan, also called a second mortgage, the interest rates will be lower than most consumer debt interest rates. Your mortgage is a secured debt. This means that they have something they can take from you if you do not make your payment. Credit cards are unsecured loans. They have nothing except your word and your history. Since this is the case, unsecured loans typically have higher interest rates.\n\nLower monthly payments: Since the interest rate is lower and because you have one payment vs many, the amount you have to pay per month is typically decreased significantly.\n\nOnly one creditor: With a consolidated loan, you only have one creditor to deal with. If there are any problems or issues, you will only have to make one call instead of several. Once again, this simply makes controlling your finances much easier.\n\nTax Breaks: Interest paid to a credit card is money down the drain. Interest paid to a mortgage can be used as a tax write-off. \n\n\nSounds great, doesn’t it? Before you run out and get a debt consolidation loan, let’s look at the other side of the picture – the cons.\n\nCons:\n\nEasy to get into further debt: With an easier load to bear and more money left over at the end of the month, it might be easy to start using your credit cards again or continuing spending habits that got you into such credit card debt in the first place.\n\nLonger time to pay off: Most mortgages are the 10 to 30 year variety. This means that rather than spend a couple of years getting out of credit card debt, you will be spending the length of your mortgage getting out of debt.\n\nSpend more over the long haul: Even though the interest rate is less, if you take the loan out over a 30 year period, you may end up spending more than you would have if you had kept each individual loan.\n\nYou can lose everything: Consolidation loans are secured loans. If you didn’t pay an unsecured credit card loan, it would give you a bad rating but your home would still be secure. If you do not pay a secured loan, they will take away whatever secured the loan. In most cases, this is your home. \n\nAs you can see, consolidated loans are not for everyone. Before you make a decision, you must realistically look at the pros and cons to determine if this is the right decision for you.
338863
Well, the debt isn't going away, but there are things you can do to lower your monthy payment (which I assume is your immediate concern) -- consider private loan consolidation.\n\nwww.finaid.org (a great resource) offers a list of private loan consolidators, as well as some sound advice. Here is their list: http://www.finaid.org/loans/privateconsolidation.phtml.  {Note: Sallie Mae recently came out with w private loan consolidation product}\n\nNot to push a certain company, BUT, of the companies listed above, you might look first at Sallie Mae, Key Bank, Wells Fargo, and NelNet, as they are established education loan lenders. Some lenders on www.finaid.org's list may no longer offer private consolidation; others may require at least some of your loans to have been borrowed through them to begin with. Key Bank's program does not require that you have loans with them in order to consolidate with them now.\n\nNote: By consolidating your private loans, you should expect to see a slight increase in your interest rate (and obviously, your overall accrued interest); it is up to you to decide whether this increase is outweighed by the benefit of a lower monthly payment (if it helps you pay your other bills and preserves a good credit rating, the answer may be a resounding "yes"). Take advantage of any benefits that the company has to offer: consider having your payments automatically deducted from your checking/savings account each month -- it can often save you .25% off your interest rate.
1022488
For a huge list of private educational lenders, check out this page of FinAid.org:  http://www.finaid.org/loans/biglenders.phtml\n\nThe Top Ten educational lenders are...\n1. Sallie Mae\n2. Citibank\n3. Bank One\n4. Bank of America\n5. Wells Fargo\n6. JP Morgan Chase\n7. First Union (Classnotes)\n8. College Loan Corporation\n9. US Bank\n10. Access Group\n\n(Now, this is actually a list of the top private lenders dealing in federal loans.  However, many [if not all] of these private lenders also deal in private loans.  For either loan type, they're well worth looking into.  In fact, don't go for a company that's too obscure -- there's no security there.) \n\nWith private loans, the interest rate you will get with each company will vary based on your credit rating.  Some rates may be as low as Prime minus .5% or more.  Others can be high (Prime + 6% or more). Most companies structure their rates this way (as Prime + a specified margin or LIBOR + a margin), so it helps to know what Prime and LIBOR are at any given moment in time.  If you don't like the variable rate structure, seek out "fixed" or "flat" rate loans instead.
360146
Federal student loans like Stafford and Perkins require no credit check, so apply for those first using the FAFSA: http://www.fafsa.ed.gov\n\nAs for private educational loans...\n\nIf you have a credit-worthy cosigner, the possibilities are endless.  Their credit acts as sort of a "stand-in" for yours.  Do your best to find someone to co-sign for you.  If they are hesitant, look for a loan with a "co-signer release."  This release will let the co-signer off the hook after you make a certain number of payments on time (usually 3 or 4 years worth).  \n\nAs you probably have found, now that you have bankruptcy in your past, you are considered a high-risk borrower on your own.  Any company willing to lend you money will itself be somewhat "high risk" -- the only way they can afford to lend to you is to offer exceedingly high interest rates and unfavorable repayment terms. I hesitate to recommend any specific company since most companies of this ilk are going to be a little disreputable.  I found a few by searching Yahoo! for terms like "bad credit unscecured loan" or "bad credit personal loan."  The loan won't be ideal, but if you can repay it in a timely fashion, you might be able to improve your credit enough to qualify for a lower-rate loan, which you can then use to pay off the "sketchy" bad credit loan.
737763
Try Lending Tree I understand they have various  banks to choose from to make loans for all types of credit.
559736
M.K\n\nActually you can consolidate your loan with the government now http://www.loanconsolidation.ed.gov (Borrowers Services) and it's actually not as bad as you think. \n\nBefore you consolidate your loan check out the Borrowers Services and see if you can get a better rate. You can consolidate any amount even your $50,000 debt and its free to consolidate your loan!\n\nI know Salliemae is one of the best student loan consolidators but sometimes their rates can be a little high depending on your situation.\n\nDoesn't hurt to check them both out. Hope you get it worked out soon!
226166
Federal Aid is always your best option.  Even if you are not interested in the loans the the Department of Education provides, most scholarship organizations (including *colleges* that offer scholarships as part of their financial aid packages) are going to require you to file a FAFSA (to demonstrate your financial need).  Your loan default (I'm assuming here that your default was on a Federal loan) will show up on your FAFSA, plain as day and preclude you from obtaining further federal aid... that is, until you clean up your record.\n\nAs such, you need to resolve your default (not simply because you need Fin. Aid now but because a loan default will haunt you and your credit report for years).  Once you are out of default (which usually means making a certain number of on-time payments), you will again be eligible for Federal Aid and you will be much better off.  In fact...\n\nIf you are an independent student seeking your first undergraduate degree, you will not only be eligible for federal loans but grant aid as well (depending on your financial need).\n\nIf you choose not to resolve your default: there are private loan companies will still give you a loan.  You can do simple internet searches for education loans, but to make sure that the company you choose is legitimate, check with your college Financial Aid administrator. If you *must* go this route, it is in your best interest to pay attention to interest rates and repayment terms (remember: your loan default affects your credit which in turn affects the rate that you receive on your private loan).\n\nGood luck!
860978
Here is a list of banks who offer student loans in Philadelphia along with their website:\n\nBank of America: http://www.bankofamerica.com/studentbanking\nCitizens Bank: http://www.citizensbank.com/\nCommerce Bank: http://www.commerceonline.com/\nPhiladelphia Federal Credit Union: https://www.pfcu.com/loans_student.shtml\nPNC Bank: http://www.pnc.com/\nSovereign Bank: http://www.sovereignbank.com/
572931
There are debt consolidation companies that will help you out. Also, you can apply for a debt consolidation loan from your own bank.
123994
Loan consolidation is the KEY! But to do this I'd first research some of these credit-repair companies with a nationally certified rating service. Pick a well rated company and get busy. Also if you own any security instruments you can sell them for quick cash.