Best answer from question by ms.saleen:
Answer by robert w
visit daveramsey.com to learn ur hard lessons from others mistakes.
why not buy cash car and invest the interest.
u’ll make u wealther , not stockholders.
Best answer from question by Myrtle:
Answer by mbrcatz
No, but you won’t get any money back, either.
They’re raising your cost every year, to cover the interest from your money that you borrowed, that you pay them.
Best answer from question by esweetie01:
Answer by payingcollege
Private student consolidation loans are not guaranteed by the gov’t – so they’re a much higher risk to the lender. Therefore, they’re typically based on the credit history of the borrower. It’s unlikely you’d get a significantly different interest rate if you shop around to different lenders.
What you can do is get your credit in as good shape as possible before you consolidate, and/or find a cosigner with good credit. This can help bring the interest rate down. The rates may *seem* high, but they’re probably lower than a typical credit card or car loan rate, plus the interest on them may be deductible on your taxes.