Comments on: Which Company Has The Best Student Loan Consolidation Rates?

By: there4u

there4u — Sat, 28 Nov 2009 17:03:24 +0000

You’ll have to shop around to find the best deal. Generally speaking, the companies that will give you the most incentives are the ones that are new and more willing to reduce their profits to get more customers. However, they’ll also be less-likely to work with you if you need to defer payments or if some other issue comes up in the future.
Here are a few places I’d check out:http://www.financialaid.com – student loans and consolidationshttp://www.finfo.com – get up to four competing offers, no obligationhttp://www.nelnet.com – fairly large student lender/consolidator
Best of luck!

By: Cosmetic Counter

Cosmetic Counter — Sat, 28 Nov 2009 16:50:06 +0000

The federal consolidation loan has a fixed interest rate, based on the weighted average of the interest rates of the student loans being consolidated, excluding Health Education Assistance Loans (HEALs), rounded up to the nearest 0.125% or 8.25%, whichever is less.
The weighted-average interest rate calculation is based on the official interest rates for the student loans being consolidated, exclusive of any borrower benefit or other special rate discounts.
By law, all lenders are required to use the same interest rate formula for federal consolidation loans. Instead, you should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender.

By: Sallie Mae

Sallie Mae — Sat, 28 Nov 2009 16:41:13 +0000

This blog should give you some great companies. I ultimately went with American Education Services.
Hope that helps,
Alicia