What is a decent interest rate for refinancing my college loans?

I have $30,000 in college loans. I want to consolidate them into one payment with a decent interest rate.|||Hi,


I used "Credit Solution" to settle my college loan.They managed to reduce my loans up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:


http://urlhawk.com/4ys|||Was 6.8 fixed modified by a mix of average of all loans rounded up to the nearest 1/8. When you consolidate at end of six month grace period (process takes two months start at 4 months) almost all consolidations are now mostly done by D.o.e dept of education. Private loans have highest rates.





If you are becoming a teacher, or law enforcement related job, or medical there are all new forgiveness loans which were instituted in Sept 07. Here is pho num for Dept of Ed. Remember rates are coming down, but if you have to consolidate now ok to do so, take two courses even if online, and can go into non payment status again and get 6 months grace back. D.O.E. = 1-800-557-7392 // other good num (have your fasfa num ready, pin num, will give you info, and very helpful people on other end of pho Fed aid borrower services 1-800-557-7392 // forgiveness website is listed at website www.answersfordebt.com remember though each state is different and have to go thru employer who probably won't know what you are talking about if you ask about forgiveness programs. Punch this in search engine higher ed watch and stay in touch w/them, this is the lobbying group that got all laws changed in sept. 07 and is responsible for you to now borrow more from govt. at lower interest rates, and more money to borrow.


There are no "decent interest rates" if going thru govt. which is adviseable, all the same.


Private loans are higher, maybe find a lower rate private, but will have to have one heck of a credit score. Only takes 3 pmts in a row on time to rehab delinquent loan to d.o.e., so don't be afraid, to start paying again, if went delinquent.





Take c/o student loans. There is no way out of them, no bnkrptcy, old joke in the industry was only way to get out of a student loan was to get a passport or cut off your leg. Old law required 110% disabled, and never forgot during training as loan advisor when teacher was asked how do you get extra 10 %, she said you would already have to be disabled, and then lose an arm or leg.


New law says if indigent after 25 years, can get forgiveness.


They have collection laws don't have to go to court, can grab income tax refunds, and a collection agency, yeah right a collection agency can garnishee your wages if you don't make arrangements w/them, all they need is the initials of the administrator of state you reside in, that they tried to work out arrangements and were unsuccessful, you were not cooperative, only debt can get arrested for not paying though rare, a couple of times, doctors making hundreds of thousands of dollars, weren't paying did they use that part of law.


Don't be afraid to consolidate, and again best to go thru D.O.E.