http://www.bobtellsall.com/what-is-a-good-loan-consolidation-program-for-federal-and-private-student-loans/ ...And You Should Listen :) Sat, 11 Feb 2012 19:48:14 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.bobtellsall.com/what-is-a-good-loan-consolidation-program-for-federal-and-private-student-loans/comment-page-1/#comment-2563 stressed Fri, 26 Feb 2010 19:27:49 +0000 http://www.bobtellsall.com/what-is-a-good-loan-consolidation-program-for-federal-and-private-student-loans/#comment-2563 Unfortunately you can't consolidate your federal loans with your private loans. Be wary of any loan consolidation outside the federal direct program, most of the benefits of loan consolidation is just hype and doesn't save you any money. Instead of repaying your loans over a 10 year payment you pay on them for 25 years or more... and they loan company gets MORE of your money since you are paying on it for so much longer. For what? Just a few bucks less a month and usually not much better of an interest rate. Unfortunately you can’t consolidate your federal loans with your private loans. Be wary of any loan consolidation outside the federal direct program, most of the benefits of loan consolidation is just hype and doesn’t save you any money. Instead of repaying your loans over a 10 year payment you pay on them for 25 years or more… and they loan company gets MORE of your money since you are paying on it for so much longer. For what? Just a few bucks less a month and usually not much better of an interest rate.

]]> http://www.bobtellsall.com/what-is-a-good-loan-consolidation-program-for-federal-and-private-student-loans/comment-page-1/#comment-2562 Gregory Fri, 26 Feb 2010 18:47:50 +0000 http://www.bobtellsall.com/what-is-a-good-loan-consolidation-program-for-federal-and-private-student-loans/#comment-2562 I used direct loan consolidation. It took about 2 months. http://www.loanconsolidation.ed.gov/ I used direct loan consolidation. It took about 2 months. http://www.loanconsolidation.ed.gov/

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