Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
A young lady I know had to take loans out for school..she has her Masters Degree and is working while trying to get a steady job in her field.
Problem..
She told me her loans are due Nov. 15th all are at 5%( variable I believe)
Stafford Subsidized $30,535.00
Stafford Unsubsidized $13,362.11
Citiassist $24,425.00
Perkins $2,320.00 comes due Feb

This is over $70,000
The monthly payments are more than she can afford. She believes she can afford about $400/month
Q: should she approach each lender individually to extend terms and/or refinance at a lower rate.
Should she combine all with one lender?
The Perkins loan is about $40/month and has some special rules that she may not want to give up. So this posting has mainly to do with the other loans.
If you need more info I can get it.

Thanks

MEG


Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.