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> Consolidating Loans, Confused
ttugurl
post Jan 4 2007, 11:00 PM
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From: San Antonio/ Lubbock
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Ok so I finally consolidated. But I'm confused and I cant find answers anywhere.

It says my principal is 41k and my interest is 47k and total payoff is about 89k...

it says i pay 240something for the first 2 years and and in 2009 like 280 something until 2031.

89K confused the heck outta me because the interest rate im at is 6 point something.

So my online friend was saying if I double up my payments and not pay the minimum... The 89k lowers? Please explain. Thanks!!!! Anyone know of a helpful site.

Are the consolidating companies as bad as the Lenders then????
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Mommy
post Jan 5 2007, 12:13 PM
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New son Donovan Charles Mummert born July 17, 2008


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the going interest rate on student loans is 4%.

I cant imagine her paying almost double what she borrowed, but I dont know shit about loans. I know Im considerably in debt but my parents are paying on them until the end of this month.
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Posts in this topic
- ttugurl   Consolidating Loans   Jan 4 2007, 11:00 PM
- - impala454   it sounds like for some reason your interest was c...   Jan 4 2007, 11:28 PM
|- - pebkac   QUOTE (impala454 @ Jan 4 2007, 11:28 PM) ...   Jan 5 2007, 03:45 AM
|- - impala454   QUOTE (pebkac @ Jan 5 2007, 03:45 AM) Wel...   Jan 5 2007, 11:51 AM
|- - pebkac   QUOTE (impala454 @ Jan 5 2007, 11:51 AM) ...   Jan 6 2007, 09:18 PM
|- - impala454   QUOTE (pebkac @ Jan 6 2007, 09:18 PM) Aft...   Jan 7 2007, 12:33 AM
- - Spectatrix   QUOTE (ttugurl @ Jan 4 2007, 11:00 PM) So...   Jan 5 2007, 01:13 AM
- - woody   QUOTE So my online friend was saying if I double u...   Jan 5 2007, 09:06 AM
- - Jessica   the going interest rate on student loans is 4%. I...   Jan 5 2007, 12:13 PM
- - woody   my interest is at like 3.5%. I pay about 220/month...   Jan 5 2007, 01:29 PM
- - Jessica   ummm of course thats what she meant. what the fuck...   Jan 6 2007, 10:00 PM
- - pebkac   QUOTE (impala454 @ Jan 7 2007, 12:33 AM) ...   Jan 7 2007, 12:25 PM

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