Paying off student loans?

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Paying back student loans?

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...

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Erica K at Yahoo! Answers Mark as irrelevant Undo

Other solutions

Best strategy for paying student loans?

I’m 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...

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Paying principal on student loans while in school & consolidating?

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...

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How does paying my student loans affect my credit?

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...

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Paying off student loans while deferred?

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...

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Paying back student loans?

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!

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Paying Stafford student loans more often = less total interest?

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...

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What tips would you give me on paying my student loans back?

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...

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Rosie the Riveteer at Yahoo! Answers Mark as irrelevant Undo

Paying off 8 year delinquent student loans?

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...

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CGFish12... at Yahoo! Answers Mark as irrelevant Undo

Student Loans - should I be paying on them while I'm in school?

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...

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