what is the best way to consolidate student loans?

by timowri April 26th, 2010. Filed under: Personal Finance.

M.K. asked:


The time has come, these Alumni Loan people are saying my $50,000 debt will be a $538 per month with out consolidation, and $250 with. What should I be looking for to get the best deal

Kansieo.com
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2 Responses to what is the best way to consolidate student loans?

  1. dana803

    Create a video blog

    Check with Sallie Mae. Anything where you pay less than you are is great especially if your saving a few percentage points on the interest.

  2. Jack Summers

    Create a video blog…instantly.

    M.K

    Actually you can consolidate your loan with the government now (Borrowers Services) and it’s actually not as bad as you think.

    Before you consolidate your loan check out the Borrowers Services and see if you can get a better rate. You can consolidate any amount even your $50,000 debt and its free to consolidate your loan!

    I know Salliemae is one of the best student loan consolidators but sometimes their rates can be a little high depending on your situation.

    Doesn’t hurt to check them both out. Hope you get it worked out soon!

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