ST Alpha - "is their degree written in diamonds on a 24k gold brick? -- nm" (Reading a Post)

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In response to "oh, so i have a friend whose student loan payments are almost 2000 per month now. i can't believe how messed up that whole system is. -- nm" by kare

is their degree written in diamonds on a 24k gold brick? -- nm

Posted by poochinksi (aka chris) Feb 18 '10, 16:22

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Responses:

two masters + serious snowballing over the years -- nm - kare Feb 18, 16:24 9
- does she know about consolidation? -- nm - poochinksi Feb 18, 16:27 8
  - probably, but is it easy to tell me more? -- nm - kare Feb 18, 16:29 7
    - if you have multiple loans, especially with variable annual interest rates, you can consolidate them with a single lender and lock in your rate for - poochinksi Feb 18, 16:34 6
      - does this work with private loans as well? seems like they run the show. is it govt mandated? - kare Feb 18, 16:38 5
        
        i can't remember how they handle the federal v. private loans. it's not gov't mandated but lenders are usually falling over themselves to be your - poochinksi Feb 18, 16:40 4
        
        the bankruptcy will probably get in her way... - kare Feb 18, 16:45 2
        
        shouldn't, that i'm aware of -- nm - poochinksi Feb 18, 16:48
        
        yes that will hurt, she may end up with a higher rate but still worth a try with her bank -- nm - Beaker Feb 18, 16:47
        
        yup, tell them to get their credit cards in on this as well. -- nm - Beaker Feb 18, 16:42

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