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Posner
Posts: 139
Joined: Sun May 10, 2009 1:13 pm

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Postby Posner » Sun Jan 10, 2010 5:30 pm

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Last edited by Posner on Sun Apr 11, 2010 9:21 pm, edited 1 time in total.

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tstyler98
Posts: 495
Joined: Tue Jun 24, 2008 11:21 am

Re: Law school Loan Consolidation

Postby tstyler98 » Sun Jan 10, 2010 9:51 pm

A lot of banks/lenders aren't offering consolidation anymore, due to the economy. But you can go directly to Department of Education's loan consolidation website (http://www.loanconsolidation.ed.gov/). They have lots of information about consolidation, a calculator for figuring out how much you'll pay monthly, and you can consolidate directly through them.

I graduated with my M.A. in 2004, and consolidated my loans from undergrad and grad then (fortunately back when interest was low, 2.625%). It was a really easy process (although I did mine through Citiassist, which is who my loans were with). I plan to keep my previous loans separate from my new loans so I don't lose the great interest rate if I consolidate my loans for law school.

UCInfo
Posts: 54
Joined: Thu May 07, 2009 9:01 pm

Re: Law school Loan Consolidation

Postby UCInfo » Sun Jan 10, 2010 10:22 pm

Which types of loans are you talking about consolidating? If they are federal loans (Stafford, Perkins, PLUS, etc.), you can do so through the federal Direct Loan consolidation program, as the previous poster mentioned. If you have private loans, you will have to consolidate them through a private lender.

Posner
Posts: 139
Joined: Sun May 10, 2009 1:13 pm

Re: Law school Loan Consolidation

Postby Posner » Sun Jan 10, 2010 11:11 pm

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Last edited by Posner on Sun Apr 11, 2010 9:22 pm, edited 1 time in total.

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theavrock
Posts: 601
Joined: Mon Feb 23, 2009 10:52 pm

Re: Law school Loan Consolidation

Postby theavrock » Sun Jan 10, 2010 11:27 pm

I can only speak to my undergrad but I went through wells Fargo to consolidate my private loans. Super easy process.

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cconnoll
Posts: 50
Joined: Wed Mar 18, 2009 11:51 pm

Re: Law school Loan Consolidation

Postby cconnoll » Mon Jan 11, 2010 1:48 am

Any particular benefits or negatives to consolidating ones law school loans that I may not be considering?!?

linquest
Posts: 143
Joined: Sat Apr 12, 2008 11:06 am

Re: Law school Loan Consolidation

Postby linquest » Mon Jan 11, 2010 11:50 am

I posted some tips re: federal loan consolidation here-
viewtopic.php?f=15&t=100075

Am also interested in finding out about private loan consolidation companies.

theavrock- did you get a interest rate deduction as a result of consolidating thru Wells Fargo? Are you paying much less than if you had not consolidated?




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