A financial aid question....?
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TEll her to speak with the creditor themself. THey want her money, they dont want her to default on payments sometimes they will lower them themselves (consolidation be careful). Some companies take a portion of the profit. GO with a non profit organization that doesnt take 6.00 for organizing your payments. Many times they dont negotiate anything but bad credit for you. If you speak to the creditor yourself tell them your plans they wont give a consolidator any more of a break than you (they would loose money). Perhaps ask to lengthen the loan (make more than the minimum payments).
If all else fails make something to them every month they cannot mark you as deliquent as long as you pay $1.00 send something. So you will show up as less than the minimum but this too shall pass. Dont ruin her credit by consolidating. You are paying on the interest not the principal at first (hence why you cant pay them off early and exactly what you borrowed. ) Call the companies. If they truly DONT care as you say be firm, state your position and THIER options. State you WANT to pay them but they need to work with you. If you have to defer that is too an option if you are just out of school. Best of luck to you. There are several consolidation websites (very popular of universities sites). Call your financial aide office that was where she acquired the loans. That would be the most beneficial. They are not in it for anything but to help students.
Call the financial aide office state the problem and see what resources they can offer. I am sure this is not the first time this problem has occured. Dont go with a Joe snuffy consolidator, it will scar the credit. Best of luck!
If she is out of school and paying on the loans then it's easier to consolidate them. Have her call Wachovia Bank 1-800-922-4684 and ask for the education department. They can only speak to her, not you.
IDK try sallie mae to consolidate
you dont consolidate your loan until you've finished school and there are plenty of good places try ACS
Ask her not to consolidate...I did this when we were in financial trouble many years ago...and I am so sorry now. Opportunities have come up where I could take 10% off of the amount due on my loan. As well, working in a title 1 school as I do, they credit you and you have less to pay. I consolidated and I am not eligible for any of these things...and I am really bumming.
Only if it is truly necessary should she do so. If the finances are difficult, ask her to call her lender and either defer payment under hardship, make lower payments, or ask what they can do to help her- and they will work with her to find a program. AFter college we neared bankruptcy...we didn't do it thankfully, but the lenders were so helpful in getting me deferred payments under hardships, then to lower payments until things cleared. Remember too that when you defer, the interest is accumulating. We are ok now and the loan was always not a concern...I knew that I had time to get things in order before the need to pay came up. It took 3 years and it was fine. Look into that before she defers anything.
Being that she is your girlfriend, you will not be able to acquire any information. I had a hard time with my husband and getting information for him several years ago...and we were and are legally married! Just ask her to call the lender and see what they can do for her.
Good luck to both of you- and she is really lucky to have someone such as yourself by her side!
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