Skip to main content
No. of Recommendations: 1
Thanks for the advice thus far guys!

I'm going to check out the calculator (since I don't have Excel) I'm hoping that it will help me to make a more informed decision about what to do.

Also, I want and am planning to pay off the higher interest loans early, well ultimately I want to pay them all of early, but the higher interest ones go first. Anyways, would having them consolidated work for or against me? (In terms of paying off early.) I'm really not good with figuring out percentages and calculating interest.

Should I consolidate all my loans or a few? Which ones?
Again:
Citibank (Interest rates change, so far they've just gone down)
Loan One $3,000 7.75%
Loan Two $4,000 7.5%
Loan Three $3,500 7.0%
Perkins
Loan One $3,000 5.0%
Direct Loan
$28,500 at 5.99% and 6.79%
(Don't know how much is at 5.99 and how much is at 6.79)
*Guessing that about $8,000 is at 6.79, since most of the loan were after 1998 and therefore get the lower rate of 5.99.

Oh and yes I just listed the amount that I borrowed, the figures do not include interest. There is about $3,000 more in interest, most of that being for the Direct Loans.

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.