Paying off student loans?
Let’s learn paying off student loans. The most accurate or helpful solution is served by Yahoo! Answers.
There are ten answers to this question.
Best solution
I have to start paying back my student loans next month. Someone told me if I consolidate my subsadized and unsub. loans, my interest rate will be lower. Is this true? I am actually clueless about the whole paying back loans thing....I just know I get the payment in the mail and pay what they tell me..lol .any advice?
Answer:
Someone needs to lop off Herbert's fingers off. Doing a federal loan consolidation will not necessarily...
Erica K at Yahoo! Answers Mark as irrelevant Undo
Other solutions
Iâm in grad school and work full time. I have several Federal student loans in deferment, all of which are subsidized or unsubsidized with different interest rates. I have an extra $500 each month that I'd like to use towards my loans...
Answer:
These are good interest rates all around, something you'd be well off to pay back slowly. However, you...
yeoja at Ask.Metafilter.Com Mark as irrelevant Undo
i just got a federal student loan and i received more money than i needed (but i wasnt sure how much id need at the time) so now that i have the check from whats leftover can i pay that back to the company on my loan before it starts collecting more...
Answer:
First of all, what kind of federal loan did you take out? If you took out a Subsidized Stafford Loan...
Mrs.BEll at Yahoo! Answers Mark as irrelevant Undo
I am trying to raise my credit.. will paying my student loans off help my credit? my finances: Store Credit Card: 300 limit / 0 balance (paid) mastercard: 400 limit / 0 balance (paid) store card: 1000 limit: 200 balance Student loans Private: 4k (have...
Answer:
Paying all of your debt all the time helps your credit. Owing very little and paying off fully can increase...
qrtine at Yahoo! Answers Mark as irrelevant Undo
My husband has previous student loans that I am trying to help him take care of while he's deployed. His payments are now up to date (did have a past due balance). However, I sent in an application for the civil rights thing, i forget what its called...
Answer:
If his loan is subsidized then the government pays the interest wwhil it is on a deferment. so you would...
Elyse Ackerman at Yahoo! Answers Mark as irrelevant Undo
I am in graduate school right now and do no have to pay back my student loans until I graduate. I took out about 50,000 in private loans through citibank and they said I have to pay back $550 a month as soon as I graduate even if I don't have a job....
Answer:
woa dude...I hope you're in Law or med school or something. Because that is a lot!
Cat at Yahoo! Answers Mark as irrelevant Undo
I have a few options to repay my student loans. 1) I could set up weekly automatic payments with my bank (not giving them any more money than on a monthly payment plan...just paying more often). I suspect this will make it so I will pay less total interest...
Answer:
Take the monthly auto payment. If you ever have extra cash you can send that separately and mark it...
Yahoo! Answers Mark as irrelevant Undo
I have 20,000 dollars in student loans but thankfully to Income Based Repayment I dont owe anything yet. I recently picked up a part time job and ill be making about 800 dollars a month. I dont have any other bills other than student loans. I dont have...
Answer:
Good question, this is what I would do. Put at least the $550 to 600 in that you can afford right now...
Rosie the Riveteer at Yahoo! Answers Mark as irrelevant Undo
I am very good at making budgets and helping friends prioritize and get out of debt. My newest endeavor is a friend who has horrible credit. at least 90 days past due on everything! She left school 8 years ago and has NEVER made a payment on her student...
Answer:
You friend did exactly what I did, so I'm giving you advice from my own painful experience. Please give...
CGFish12... at Yahoo! Answers Mark as irrelevant Undo
I made the decision to go back to school - completely on financial aid (including loans). By the time I graduate I will have $24k - $25k in student loans. Half will be unsubsidized the other half is subsidized, which means I will have to pay interest...
Answer:
If you can afford to pay some on your loans that would be beneficial for you in the long run. However...
Gray at Yahoo! Answers Mark as irrelevant Undo
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