I just want to urge all of your who haven't consolidated your loans NOT to wait. If you can consolidate, you should do so and fast. July 1st the interest rates will go up, and I received an e-mail from my hubby's program that they are expecting them to double from 3.5% to 7.0%.
That is a huge difference! You don't lose anything by consolidating. It is the best financial decision we have made.
I have a great loan consolidation guy who helped us out a lot, and if you want his info, I would be happy to PM you with it. I do get a referral incentive if you decide to go with him, but even if you don't, you should consolidate!
All federal loans can be consolidated if you own loans from more than one source. We were looking at 8.0% interest on our student loans when we started med school, and ours got cut to 3.0%, and it will be even less than that with the incentives that loan consolidation companies offer. We are in deferment. We still have all the same deferment and forebearance rights.
Anyway, I hope this is appropriate, but I wanted to make sure that everyone knew that consolidation is a GOOD thing!
That is a huge difference! You don't lose anything by consolidating. It is the best financial decision we have made.
I have a great loan consolidation guy who helped us out a lot, and if you want his info, I would be happy to PM you with it. I do get a referral incentive if you decide to go with him, but even if you don't, you should consolidate!
All federal loans can be consolidated if you own loans from more than one source. We were looking at 8.0% interest on our student loans when we started med school, and ours got cut to 3.0%, and it will be even less than that with the incentives that loan consolidation companies offer. We are in deferment. We still have all the same deferment and forebearance rights.
Anyway, I hope this is appropriate, but I wanted to make sure that everyone knew that consolidation is a GOOD thing!
Comment