Find Student Loan Consolidation

1. Tom Says:
   July 24th, 2008 at 6:13 pm

   Stafford loans should all be the same, aren’t they all government regulated? Just go with one you feel comfortable with. I had to get some private education loans, that damn loan got sold to three different companies. Along the way, one of them didn’t do something right and I took a hit on my credit record until I cleared it up.

2. LaLa Says:
   July 27th, 2008 at 5:31 pm

   Actually - not all lenders are the same. The rate charged established by the government for the loans is actually the maximum rate…each lender is free to do what they want. Ours is taking off 1.5% just for signing up for automated statements and automatic debit of our payment. They also waived the federal default fee and origination fees (3% of the total balance) and will knock of an additional 1% after only 12 months of on time payments.

   While two of your lender’s sites are completely NOT helpful - it looks like both US Bank and Wells Fargo will waive your origination fee and pay the default fee. Additionally, Wells Fargo knocks off 1% from the top - .75% immediately and .25% for signing up for automatic payments. Lastly - if you pay all your payments on time, they’ll pay your last six payments for you.

   That’s just a couple minutes research. Since you will want to try to keep your loans at the same place for your entire time in school - just easier - maybe taking a few extra minutes to contact all four institutions will yield even more favorable results.

3. debbie f Says:
   July 28th, 2008 at 2:24 pm

   To be honest I have been using wells fargo for over a year. I like them. They are very helpful. My school messed up and they told me how to fix the problem and I had my money in less than a week after problem was corrected. They send out money quick sometimes it is the schools that hold up the disbursment.

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