Consolidating my federal student loans – looking for a fair rate. Help please.?
I currently have 8 federal student loans open through AES. I have been very good at making payments on time, however I realized that many of peers have consolidated these loans. I believe the federal interest rate is around 6.85% fixed. Most loans are higher than that. I am carrying about $29,000 in federal loan debt. GATE 03′: 8.02% STAFFORD 04′: 7.22% GATE 04′: 8.02% GATE 05′: 8.02% STAFFORD 05′: 7.22% STAFFORD 06′: 6.80% GATE 06′: 8.02% I also noticed that current balance on about half loans is higher than original balance, meaning I have been set up to not even cover just interrest accrued. Anyways, I am looking for a fair interest rate to consolidate these loans and equally a reputable company. Are there any things I should be cautious with in deciding to consolidate? Should I wait for the federal rate to go down? Any recommendations of solid loan consolidators would be appreciated. Thank you. Answer: First of all you have to choose the right organisation, who … First of all you
