Posted on
April 6, 2009
at
12:09 pm
I did some research online and found an article that says, the only fixed rate student loans available are federal loans. But, I found another link to a national lending ageny, that might contain a link with the answer to your question.
http://www.salliemae.com/im_applying/graduate_non-medical_loans.htmI am sure one of the other forum members will have more knowledge on this subject.
Posted on
April 6, 2009
at
2:14 pm
Here's a link to a US government website, which should contain more authoratative information on the subject of student loans, interest rates and loan consolidation. I found a type of consolidation called Direct Consolidation and there are NO minimum loan amounts. That means loans less than that amount could be consolidated even if the total is less than $5000. I believe that is accurate information.Please check the website for details.
https://loanconsolidation.ed.gov/AppEntry/apply-online/appindex.jsp
Posted on
April 6, 2009
at
2:17 pm
Here's another link from the same governmental website. I wanted to list it here in case anyone else is concerned about the interest rates involved in a Direct consolidation loan. I hope this one will be helpful.
http://loanconsolidation.ed.gov/help/rate.html
Posted on
April 8, 2009
at
9:28 am
We're checking into using this Direct Consolidation Loan. They mentioned that there has to be at least one Federal loan included and I think we have one of those in default. I'm hoping to get the student loan paid off this year or next so that we can move into our own house and stop renting. Landlords can be so greedy!
Posted on
April 8, 2009
at
8:36 pm
I've got my fingers crossed that something good will work out for you and you'll be able to get a better rate on the student loan. Student loans can be such a hassle to repay. But the education gained cause of the student loan is so very valuable.
Posted on
April 8, 2009
at
9:41 pm
I suggest you approach your bank and ask them about fixed rates for loans.
Posted on
April 8, 2009
at
10:10 pm
I am sure you can approach the organisation, they will definitely help you to convert the same to fixed rate from your present rate. The rate may vary sometimes, still you will have the benefit of interest upward revision
