Archive for December 2011
Best answer from question by Playboy Jay:
Answer by srs2teach
You need to contact the lender of your loans. If you had direct federal loans your lender may be Direct Loans, 1-800-557-7394. If your school does use the Direct Loan program, then it would be a different lender. You can check nslds.ed.gov to locate the lender of all your Federal Loans. You will have to complete a deferment form and send it to your lender.
However, the first thing you need to do is, Check with a classified (the person you talk to after you get out of boot camp about your A-school, job ect) in the Navy. The Navy has programs to help you pay back your student loans. You may qualify to have the Navy pay them off for you. Which is much better then having them deferred! Good luck!
Best answer from question by Andrew H:
Answer by Lauren F
If you want to get rid of this fast, then taking a 36 month loan doesn’t make sense, even if you could get a lower interest rate. That long length of time will cost you a lot in interest.
I would look for a 0% balance transfer card (see the website www.fivecentnickel.com for suggestions) and transfer it to 0% card, preferably for 12 months. Then, if you pay $ 700 a month for the 12 months, it will all be paid off and you will not owe any interest. Research this plan carefully though. It only works if you make the payment every month on time. If you miss even by one day, the cc company will jack your interest rate up to a horrible amount.
Best answer from question by studlicious_6:
Answer by y_eryi
I believe all three parties should/has consolidation programs. If not, then go to this website.
http://www.loanconsolidation.ed.gov/