can anyone list some excellent sources for consolidation involving student loans and credit card debt?

Saturday, May 2nd, 2009 Credit Card & Loan Consolidation

2 Comments to can anyone list some excellent sources for consolidation involving student loans and credit card debt?

  1. well sweetie…if u get some answers please let me know
    cuddles_1987@yahoo.com

  2. Kristy on May 2nd, 2009
  3. Student loan rates can fluctuate from the current low of 4.70% to a maximum of 8.25% for federal Stafford loans, 9% for PLUS loans.

    The current consolidation program allows students to consolidate once with a private lender, and reconsolidate again only with the Department of Education. Upon consolidation, a fixed interest rate is set based on the then-current interest rate.

    Reconsolidating does not change that rate. If the student combines loans of different types and rates into one new consolidation loan, a weighted average calculation will establish the appropriate rate based on the then-current interest rates of the different loans being consolidated together.

  4. Shaka Labbits on May 2nd, 2009

Leave a comment

You must be logged in to post a comment.