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Consolidate Student Loans?

November 15th, 2005 at 11:07 am

I'm considering consolidating my student loans. The payments will be less and will free up more to pay higher interest debt with higher balances. However, I know in the long run the payment to the company will be higher. I don't really know what to do...at the rate we are going, the payments will last us for another 8 years on credit cards alone. The only issue I have though is what company do I consolidate my alternative loans with? There aren't many companies out there that are consolidating alternative student loans. Anyway, I'm also going to transferring the credit card higher balance to 0%. It's the only way we'll see relief from a high interest rate and say goodbye to the debt in two years.

Posted in Uncategorized | 1 Comments »

1 Responses to “Consolidate Student Loans?”

  1. Anonymous Says:
    November 15th, 2005 at 12:13 pm

    I too have student loan debt, ugh it can be so frustrating - I can feel your pain. I consolidated the government portion with the Dept of Ed, and left the private portion unconsolidated. I can't recommend any specific companies, but just be careful if you decide to put any government money with private money. Sometimes it looks good, but ends up being a higher rate for the gov portion. I would contact whoever owns your loans first. Good luck, and remember that it's all about little steps Smile Completely debt free can take a while, be sure to keep smaller goals in perspective.

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