Best answer from question by bendypants:
Answer by Found-1
A deferment is a good thing (if you are a lender) because they get to add more money to your principal (how much you owe) and it gives you a longer time to pay on them… more time for the interest to capitalize (be added to the principal and then essentially you pay interest on the interest).
Deferment is good for the lender only. If it honestly never occurred to you to defer, then you need to get them OUT of deferment and pay on them. save the deferment eligibility (you only have a limited amount of time to defer over the life of the loans) for a real emergency like if you suddenly become sick and have to quit working, for example.
Making payments while your loan is in deferment won’t change or reduce your interest rate. Make your regular payment and don’t them them JIP you of that rate reduction!!!
Best answer from question by Mama C:
Answer by homeschoolmom
Do a Google search for student loan consolidation. Personally, we used AES.
Best answer from question by docepps:
Answer by kate
They charge 500% interest and get rich off of dummies who are too lazy to read the fine print .
If I lost my soul , I would consider going into that business and cleaning out the sheep .
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