I'm wondering where I can go to consolidate these loans. Any ideas? Also, are there services that will just lend me a sum of money at a lower interest rate (like 5-6%)? I'm guessing if I consolidate these loans then my interest rate won't be that great. I'm hoping to pay off the EXCEL loan (10.5%) with some cash that I'm going to save up, such that I won't have to worry about SallieMae again. I'm just wondering about the rest of the private loans. I think a 20K loan at 5-6% ought to do it. Where do I get this. Also, for the government loans listed I was planning on consolidating with the government, because of the speed with which I would get the 1.05% reduction (.8% for 12 months on time, and .25% for EDA); they give the reduction immidiately, so you don't have to wait 2, 3, or even 4 years. Are there better deals than the one the government is offering? I also noticed that alot of the third party consolidators are very much out of business, or no longer offering consolidation plans.
Message Edited by omari on 06-26-2008 06:01 PM