Search
Calendar
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Dec | ||||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | ||||
Recent Posts
- How do you feel about “Forgiving Student Loan Debt” as a stimulus package?
- One last time, can student loan debt be forgiven / removed by leaving the country ?
- Credit Score of 531 – Delinquent Accounts – $25,000 unsecured debt – $12,000 Student Loans – Bankruptcy?
- How do you feel about “Forgiving Student Loan Debt” as a stimulus package?
- Family member who is disabled.w/ student loan debt – Just asked this but needed to expand on my question:?
Recent Comments
- Student Loan Debt Consolidation on How do you feel about “Forgiving Student Loan Debt” as a stimulus package?
- Private School Loan Consolidation on How do you feel about “Forgiving Student Loan Debt” as a stimulus package?
- School Loans Consolidation on Credit Score of 531 – Delinquent Accounts – $25,000 unsecured debt – $12,000 Student Loans – Bankruptcy?
- Consolidate Student Loans on Credit Score of 531 – Delinquent Accounts – $25,000 unsecured debt – $12,000 Student Loans – Bankruptcy?
- Debt Loan Consolidation on How do you feel about “Forgiving Student Loan Debt” as a stimulus package?
Tags
Banks
Consolidate Debt
Consolidate Loans
Consolidation
Consolidation Company
Consolidation Loan
Consolidation Loans
Co Signer
Credit Card Debt
Credit Cards
Credit Debt
Credit Report
Credit Score
Debt Consolidation
Debt Consolidation Company
Debt Loan
Debt Loans
Debts
Economy
Federal Loan
Federal Loans
Federal Student Loans
Full Time
Grad School
Graduation
Interest Rates
Job
Lenders
Loan Company
Loans
Loans Student
Lot
Money
Parents
People
Private Loans
Private Student
Sallie Mae
School Consolidation
School Loans
Student Debt
Student Loan
Student Loan Consolidation
Student Loan Debt
Student Loans
Other Pages
- Article Index
- Dealing With Student Debt in America – Federal Student Loan Consolidation and Other Tales
- Direct Student Loan Consolidation Programs
- How to Get the Best Student Loan Rate Possible
- Learn How to Obtain a Student Loan
- No Credit Check Student Loan Help
- School Loan Consolidation For College Students
- Student Loan Debt Relief – School Loan Consolidation
- Taking Advantage of the Best Student Loan Consolidation Rates
- The Efficiency Of Student Loan Consolidation
- Tips For Acquiring A Student Loan Debt Consolidation
- What You Need to Know About Student Loans
- When To Consider School Loan Consolidation
- Contact Us
- Disclaimer
- Disclosure
- Privacy Policy
I'll Catch You if You Spam!
how does student loan consolidation work?
February 9th, 2010 | 
Author: 
blueyedwoman2006 asked:
I am wondering how student loan consolidation works,,, once i consloidate my loans do i get a sum of cash? i know i have gotten offers that say up to $2000 now if you consolidate. does that mean i get $2000 for myself, or do they take that off the ammount of the loan.
Credit Card Loan Consolidation
I am wondering how student loan consolidation works,,, once i consloidate my loans do i get a sum of cash? i know i have gotten offers that say up to $2000 now if you consolidate. does that mean i get $2000 for myself, or do they take that off the ammount of the loan.
Credit Card Loan Consolidation
Posted in 
Tags:
Personal Debt Consolidation
You don’t get $2000 off, you probably just save that much in interest by consolidating. You are basically consolidating to get a lower fixed rate on your loan, that’s the benefit.
Student Loan Consolidation Program
Generally, a consolidation loan lumps all your student loans into a new loan, with up to 30 years to pay back and a fixed interest rate. It really makes it easy if you have student loans scattered across different lenders/servicers.
The key word in your statement is ‘up to $2000′, if you have a lower balance, you probably will not get that much as a credit. Yes, you would get a credit, not cash back.
And if you do get ‘up to $2000′, believe me, you will pay for it eventually. There’s no such thing as a free lunch (imo).