Andrea Said:

Who offers the best school loan consolidation incentives?

We Answered:

Definitely Wachovia Education Finance 800.504.4990 No credit check,No fee to consolidate your payment will be approximately as low as $241.89 and as high as $312.99 on a 60,000 dollar Loan takes 30 days to be consolidated.Take Care.

Delores Said:

Who offers the best school loan consolidation?

We Answered:

Sallie Mae is a leader in student loans and student loan consolidation.They meet all your above criteria......except maybe the interest rate.

By law, lenders are required to use the same interest rate formula for consolidation loans. However, many lenders offer interest-rate reductions for paying on time or via direct debit. It is important to read the fine print and understand how you become qualified for or disqualified for a lender’s borrower benefits programs. Beyond savings, borrowers should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender.

They have a lot of info on their website about consolidation, including a calculator that will let you plug in your loan amounts and see what your payments would be, based on which repayment option you choose.

http://www.salliemae.com/after_graduatio…

Stacey Said:

Education loan AFTER graduation? Education loan for debt consolidation?

We Answered:

You can not get an education loan after you graduate. Wait till you start grad school, then take the loans. There are caps on what you can borrow so, depending on how much debt you have, you may not get enough to pay off all of your other bills. Student loan interest rates are government controlled. Right now they are around 6%. They will not help you get into school. You have to be a student at an accredited school to even apply.

Eleanor Said:

I need some recommendations of places where one can get a loan for debt consolidation and education?

We Answered:

Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loan<!--allows you to condense your monthly payments into a single, simple bill, while lowering your interest rates and helping you pay down your debts more quickly and easily. It is also an essential tool in avoiding the much more serious step of declaring bankruptcy.

http://best-loans.awardspace.com/Loan-Consolidation.htm

Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several-->old loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.

Alicia Said:

I need education loan payoff advice. Familiar with Americorps? - put in your two cents...?

We Answered:

Save enough to pay off the school is your first step, then use Americorp to help pay your current tuition (interest rates on student loans are higher now than a few year years ago). You may also think about "consolidating" your Stafford loan to get a fixed rate before June 30, 2006.