"Dr. Zoidberg - RIP Oppo" (thetomselleck)
10/09/2016 at 18:40 • Filed to: the rat race we call life
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"Dr. Zoidberg - RIP Oppo" (thetomselleck)
10/09/2016 at 18:40 • Filed to: the rat race we call life | 0
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I had a coworker mention to me that he just had his public (FedLoan) student loans consolidated through (sold to?) a private company and slashed his monthly payments. I had never heard of getting your loan out of FedLoan’s hands an into say Navient’s, but my google-fu on this one is weak so far. But if such a thing exists I am very interested in at least seeing how it would work for me. I already did the research on what consolidating through FedLoan would do, which is a whole lot of nothing.
!!! UNKNOWN CONTENT TYPE !!!
I have mentioned several times on here that our student loans could nearly finance a leased GS35o.
There are currents events at play -- or dare I say: circumstances. Nay: stuff
and
things! — that are forcing me to look at our monies for the billionth time again. Nothing crippling or immediate, just looking to turn over more stones I may have not looked under before.
1111111111111111111111
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 18:42 |
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If you get a private company to take the debt you should be able to default on them...
Tristan
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 18:59 |
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I’d love to see the fine print... I’ll take a higher payment over a shorter term with lower interest over slashed payments with higher interest with a longer term.
In other news, I turn 33 next year and hopefully will have my student loans paid off by the end of summer... :/
shop-teacher
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 18:59 |
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Mine are consolidated through a private company. The interest rate is under 3%.
Khalbali
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 19:27 |
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I dunno much about consolidation but I have a lot through navient too and they own my soul, I’ve only been able to afford to pay the interest with nothing towards principal.
E92M3
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 19:39 |
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Checkout SoFi.com I don’t know what your current rate is, but they should be able to consolidate for you.
Neil drives a beetle and a fancy beetle
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 20:18 |
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If you’re like me and eyeing 10 year/25 year loan forgiveness then such things may have an impact.
gogmorgo - rowing gears in a Grand Cherokee
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 22:05 |
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The way I’ve always understood this is that there’s usually a way to make a lump sum payment to repay any loan, reducing the principle by the lump. Doesn’t matter who makes the payment, so the new company just gives you a loan for the amount and pays off the entirety of the old loan to the old company.
Dru
> Dr. Zoidberg - RIP Oppo
10/09/2016 at 22:35 |
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Mine will be paid off in November.
Of 2022.