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Personal Finances / Paying Back Student Loans

URL:  https://boards.fool.com/forgive-me-are-any-of-these-fixed-rate-or-do-31582561.aspx

Subject:  Re: 45K in Student Loans - How can I save intere Date:  1/14/2015  11:41 PM
Author:  danbobtx Number:  4821 of 4848

Forgive me - are any of these fixed rate or do they all current;y float?
Will you be taking on more loans for the last year or are you potentially eligible?

In my last year of grad school, I took a sub loan and used it to cover expenses while I paid off an unsub loan with less favorable terms.

You'll need to talk with your lender(s) to get an idea of the options available to you. At one time, if all loans were from a single lender, they got first crack at your consolidation. Some repayment plan options (e.g. very extended) may require you consolidate a minimum amount (e.g. 30k)

You might also want to look at running a "debt snowball" with extended repayment plans on the loans you are putting off, and making larger payments on the ones you want to kill sooner. There is probably a trade-off here, but you might be able to assert more control on cash flow.
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