which is the best loan consolidation option after graduation from a graduate school/?

I jsut graduated frοm grad school аnd i need tο whісh іѕ thе best loan tο consolidate. I аm іn atlanta. Please hеlр guys…..

Tags: after, best, consolidation, from, graduate, graduation, Loan, Option, school

2 Responses to “which is the best loan consolidation option after graduation from a graduate school/?”

1. patticharron says:

   July 30, 2011 at 11:38 pm

   You can use any loan consolidation program, regardless where you live.

   Student loans can be consolidated as provided in the Higher Ed Amendments. Most lenders that make student loans offer consolidation services as well. They are all about the same as they are controlled by the federal government. That is to say, one is not at liberty to give a better rate than another, etc. They’re all pretty much the same with regard to the latitude they have.

   There are a few things you can look for, however. Some in-state lenders have special opportunities for borrowers in repayment. For example. a state’s higher ed authority may authorize a decrease of one point in interest after 18 consecutive on-time payments. Or it might offer a partial forgiveness of the loan for those who enter the field of education and stay in it for, say, five years. It would be any number of things; those special things are left up to the lenders and usually are offered by the state high ed authority, as opposed to a regional lender.

   As more and more state authorities are shutting down and letting the business to the bigger regional lenders, those opportunities are fewer.

   Ask you current lender (of your student loans) about their consolidation programs. Try to stay with an outfit that limits their business to student loans. Stay away from predatory corporations like CitiBank, etc.

   Make sure you take a good, long look at the repayment term. You may be offered a plan that will dramatically reduce your monthly payment, but if you look closely, you will see that the repayment term is perhaps 30 years or more and that in the end you will pay hundreds of thousands of dollars in interest. So be sure to investigate all the angles.

   Tomas T and Miss Brooks who posted here have no clue what they’re talking about, btw.
2. Eric S says:

   July 31, 2011 at 12:00 am

   Hey,

   I am in the same situation and I am in Charlotte, NC.
   I came across this article and it helped me to to see my options.
   Good luck