LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

student loan consolidation % (ETA: For those who consolidated recently)

Posted By Message

NewlyMrs
Laugh-Live-Love LIFE!

Member since 10/06

14432 total posts

Name:
Jennifer

student loan consolidation % (ETA: For those who consolidated recently)

Is 6.62% a good rate for consolidation?

TIA!

Message edited 6/4/2007 5:22:09 PM.

Posted 6/4/07 4:21 PM
 
Long Island Weddings
Long Island's Largest Bridal Resource

evnme
My little lamb

Member since 8/05

12633 total posts

Name:
aka momma2b

Re: student loan consolidation %

nowadays it is Chat Icon

Posted 6/4/07 4:22 PM
 

MegZee
My bunny

Member since 5/06

8777 total posts

Name:
Meaghan

Re: student loan consolidation %

Chat Icon Chat Icon
FH's consolidated rate is in the 3% range Chat Icon Chat Icon (he consolidated a few years ago)

Posted 6/4/07 4:24 PM
 

KrisT
Two Boys for Me!!

Member since 1/07

5213 total posts

Name:
Kristin

Re: student loan consolidation %

I consolidated mine for 2.77% (about 2 years ago) and DH consolidated his for a little more than 3% (a few years ago too).

Posted 6/4/07 4:27 PM
 

sticklee
LIF Adult

Member since 8/06

2984 total posts

Name:
Stick

Re: student loan consolidation %

i consolidated at 3.3% - but i guess since interest rates have gone up, 6%+ might be the norm now

Posted 6/4/07 4:30 PM
 

NewlyMrs
Laugh-Live-Love LIFE!

Member since 10/06

14432 total posts

Name:
Jennifer

Re: student loan consolidation %

Posted by sticklee

i consolidated at 3.3% - but i guess since interest rates have gone up, 6%+ might be the norm now



I wish I could have consolidated years ago, but I just graduated.Chat Icon

As long as I am at the "norm". It locks me in around what I am at currently.

Will rates ever go down?

Posted 6/4/07 4:32 PM
 

evnme
My little lamb

Member since 8/05

12633 total posts

Name:
aka momma2b

Re: student loan consolidation %

the rates have been going up each year on july 1

Posted 6/4/07 4:36 PM
 

NewlyMrs
Laugh-Live-Love LIFE!

Member since 10/06

14432 total posts

Name:
Jennifer

Re: student loan consolidation %

Posted by evnme

the rates have been going up each year on july 1



yes I know the next change will be July.

But do they ever go down?

Posted 6/4/07 4:41 PM
 

Kate07
Feel better my little guy!

Member since 5/05

4476 total posts

Name:
Kate

Re: student loan consolidation %

Posted by NewlyMrs

Is 6.62% a good rate for consolidation?

TIA!



Chat Icon Wow, I consolidated at 2.57%

Posted 6/4/07 4:42 PM
 

evnme
My little lamb

Member since 8/05

12633 total posts

Name:
aka momma2b

Re: student loan consolidation %

Posted by NewlyMrs

Posted by evnme

the rates have been going up each year on july 1



yes I know the next change will be July.

But do they ever go down?



probably not in the forseeable future

Posted 6/4/07 4:43 PM
 

Sassyz75
Turning a new page

Member since 5/05

9731 total posts

Name:
Dina

Re: student loan consolidation %

Posted by Kate07

Posted by NewlyMrs

Is 6.62% a good rate for consolidation?

TIA!



Chat Icon Wow, I consolidated at 2.57%



so did I - thank God..

Posted 6/4/07 4:49 PM
 

MikesWife
Wanting...........

Member since 1/06

6887 total posts

Name:
Karen

Re: student loan consolidation %

I consolidated at 2.85%

Posted 6/4/07 5:20 PM
 

Ltdentway99
LIF Adult

Member since 9/06

1752 total posts

Name:

Re: student loan consolidation % (ETA: For those who consolidated recently)

Mine is also 6.2%. It is very bad, BUT there's nothing that can be done, except sign up for direct withdrawel from your account. You can save a quarter of a point. Chat Icon

Posted 6/4/07 5:40 PM
 

charon54
My two boys!

Member since 5/05

7279 total posts

Name:
Rebecca

Re: student loan consolidation % (ETA: For those who consolidated recently)

Mine is 3.25% but I did it a few years ago when the rates went up.

Posted 6/4/07 7:24 PM
 

2Pisces
Life Coach

Member since 2/06

3337 total posts

Name:
Paige

Re: student loan consolidation % (ETA: For those who consolidated recently)

I was also one of the lucky ones and consolidated at 3.25%. I hear 6 is what it is now.

Good Luck. Chat Icon

Posted 6/4/07 11:04 PM
 

MrsPornStar
Partners in crime

Member since 10/05

14656 total posts

Name:
Mama

Re: student loan consolidation % (ETA: For those who consolidated recently)

Rates can go down. When I first graduated from college, my rate was 8% (Back in 1999). I consolidated in 2003 for 3%.

Posted 6/4/07 11:25 PM
 

NewlyMrs
Laugh-Live-Love LIFE!

Member since 10/06

14432 total posts

Name:
Jennifer

Re: student loan consolidation % (ETA: For those who consolidated recently)

Posted by hmpena

Rates can go down. When I first graduated from college, my rate was 8% (Back in 1999). I consolidated in 2003 for 3%.



Really. It could go down? That is my fear. If I consolidate then I am locked at the rate for the next 20 yearsChat Icon

Posted 6/5/07 8:06 AM
 

SweetTooth
I'm a tired mommy!

Member since 12/05

20105 total posts

Name:
Lauren

Re: student loan consolidation % (ETA: For those who consolidated recently)

Yes.. that was what I consolidated at last month... I couldn't wait to see if the rates went down, conslidating cut my payments in half, the # was out of control. I am hoping I will be able to pay it off before the 20 years.

Posted 6/5/07 8:58 AM
 

suvenR
designer mutt

Member since 5/05

4239 total posts

Name:

Re: student loan consolidation % (ETA: For those who consolidated recently)

DH missed the increase 2 years ago and I almost killed him. He had been in the 2% range, then up to 3ish, then finally consolidated last year at 5ish.

6ish sounds right for 2007

Posted 6/5/07 9:06 AM
 

paulandles912
My children are a blessing!

Member since 5/05

2598 total posts

Name:
Leslie

Re: student loan consolidation % (ETA: For those who consolidated recently)

I consolidated a loan last year (8/06) at 6.25% So that rate sounds reasonable.

Posted 6/5/07 9:46 AM
 

babymakes3
Almost there!

Member since 7/06

7376 total posts

Name:

Re: student loan consolidation % (ETA: For those who consolidated recently)

Wow. I'll count my blessings that I did it in 2003. My rate is 1.875%!

ETA: It initially was at 2.875 but it went down 1.0% after making 36 on-time payments. It's been at 1.875 since last year.

Message edited 6/5/2007 11:05:12 AM.

Posted 6/5/07 11:02 AM
 

Ltdentway99
LIF Adult

Member since 9/06

1752 total posts

Name:

Re: student loan consolidation % (ETA: For those who consolidated recently)

This issue really pisses me off. The whole thing about taking out a loan is no big deal because of low interest is bull. I owe about $15,000 for grad school. I am going to try to pay it off as fast as I possible can.

Posted 6/5/07 11:18 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Student Loan - HELP!! CaseyGirl 6/8/06 4 Families Helping Families ™
Student Loan question - help! CaseyGirl 6/4/06 3 Families Helping Families ™
How to I go about applying for a student loan?? MRSJLK 11/4/05 4 Families Helping Families ™
student loan questions Janice 9/20/05 6 Families Helping Families ™
Now with Poll-how much student loan debt? lily 6/24/05 5 Families Helping Families ™
Student Loan rates- Help! ggt08 6/22/05 4 Families Helping Families ™
 
Quick navigation:   
Currently 366252 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows