Student loan consolidation?

[Kaido]

I still have at least 3 years of college left, but I want to start paying off my student loans now (technically I don't have to start paying it off yet). If I start the payments with the company I got my loan from, the monthly payment is pretty high, so I'm interested in consolidation. Basically I am looking for a good student loan consolidation company to go with to start making manageable payments now. Any suggestions? 🙂

 

[huberm]

wait until you're out of college. You can only consolidate once.

Also in about a month the new congress is expected to cut the federal student loan interest rate in half. You would at least want to wait until then.

 

[homercles337]

Um, consolidate with the DoE. Why would you go with one of those shysters?

 

[Kaido]

Originally posted by: huberm
wait until you're out of college. You can only consolidate once.

Also in about a month the new congress is expected to cut the federal student loan interest rate in half. You would at least want to wait until then.

I got mine from Wells-Fargo, will the government thing affect me at all? I already sunk the money into college, so that's set...I just want to start paying it off now, because I know there's no way I'll save if I have to wait a few years lol.

 

[Kaido]

Originally posted by: homercles337
Um, consolidate with the DoE. Why would you go with one of those shysters?

Who's DoE? 😕

 

[jacob0401]

Originally posted by: Kaido

Originally posted by: homercles337
Um, consolidate with the DoE. Why would you go with one of those shysters?

Who's DoE? 😕

department of education

 

[msparish]

I believe they changed the law so that you can no longer consolidate while you are in school.

Edit: In addition, you shouldn't need to be in a repayment plan to actually make payments. However, due to the low interest rates, I'd wait until you were done with school until you start paying them off.