Are the terms of a consolidated student loan w/ a private co. harsher than those of a gov't student loan? - student loan terms
I wanted to consolidate my student loans, but as I later learned that the company would loan me the ball, if I miss a payment for any reason. Finally, I decided to pay more interest than is in my interest if they are already struggling with financial difficulties had and could not afford to make payment.
The terms of the settlement of a consolidated student loan Gov't seems not only more secure than a consolidation loan from a private company.
Given what I just said, it would be better to consolidate my loans?
Sunday, January 3, 2010
Student Loan Terms Are The Terms Of A Consolidated Student Loan W/ A Private Co. Harsher Than Those Of A Gov't Student Loan?
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2 comments:
The short answer is that would have been better. Right to private companies would have more influence on them, that the federal authorities, but structured by the way student loans are usually have considerable latitude in pay. The loans can ask for a period not only to be postponed. The fixed rate option is also very useful if you want to have a degree of predictability in their finances. There was a big article in the Wall Street Journal 2nd September with the title "Where To Go
In college credit. If you www.wsj.com and you should be able to find him. It can not be open to subscribers. If so, please write back to me and I'll check.
I think the article will answer most of your questions.
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