Comments on: Graduating? Repay Your Private Student Loans

By: bree

bree — Mon, 23 Mar 2009 16:13:40 +0000

I am a recent graduate and I have been having a hard time finding a company that will consolidate my private student loans. The few that I have found have variable APR which isn’t a big deal right now with interest rates lowering but it scares the hell out of me that it will snow ball out of control at some point in the next 15 years.

Please if anyone knows of a good company, I would appreciate you sharing..

By: Julie

Julie — Thu, 22 Jan 2009 22:35:19 +0000

Well said! This article really explains and dug deep into the ills of what happens to a student when their parents cannot afford to put them in university or college from the parents own pocket. The federal student loans is never enough for a student so the recourse is to some from private lenders and in addition they will be offered credit cards which is to the evil of lending. So when you finally finish college if you’ll make it, you three types of indebtedness which is like another mountain to climb instead of starting your life on a good footing.
The best thing to do is to work while going to university and avoid credit cards.

By: Manny

Manny — Sat, 06 Dec 2008 06:20:34 +0000

The one thng that students should avoid is getting into credit card debt. some student use the excuse to use for school necessities but the fact of the matter is most students are tem-pted to use it for some personal purposes which will have some dire consequences. And as much as possilbe do not get private student loans as they are more expensive to deal with. Their interest rate is hihger than that of your federal student loans.
I would suggest that working while studying would be better if you can persevere and can work hard.
It would be harder to start your post graduate studies repaying all your indebtedness and feel like putting your life on hold for a while.

By: KC

KC — Thu, 18 Sep 2008 01:31:17 +0000

This is one of the ways people are “helped” right into debt. If student loans weren’t available, colleges would have to be more affordable (college costs, like healthcare costs–thanks largely to insurance–have increased unreasonably more than other expenses). Put easy-to-get student loans into the equasion and it’s great for the school and not so great for the student who graduates with practically the equivalent of a mortgage! Now, THERE’S a “helping hand” to a great start! Some of these intended (?) to be helpful schemes actually end up hurting people. (Like help the welfare mom have more kids. . .)

By: Student Tips

Student Tips — Tue, 09 Sep 2008 17:41:43 +0000

You need to be very careful with credit card debt in particular. I think some people forget they are only a short term solution and unlucky students can take years paying them alone off due to the interest rates. Switching to a low interest loan shouldn’t be overlooked to reduce the interest you eventually pay.

By: Poor Credit Student Loans

Poor Credit Student Loans — Tue, 12 Aug 2008 05:53:57 +0000

I believe that many college students fail to think about what life will be like after college with huge loans to pay off.

It is excellent advice to begin paying off the loans as soon as possible even while still in school if it can be managed.

Interest is a monster (unless you have it working for you) and must be controlled and eliminated asap.

Poor Credit Student Loans’s last blog post..Subsidized Student Loans

By: Russ H

Russ H — Sat, 31 May 2008 02:30:54 +0000

Just stopped by to take a look. Good info and great Blog.. Thanks!