Consolidating loans with salli mae
If you're blessed, you find one but you're living paycheck to paycheck especially after those 6 month.Minimum payment may be 0 a month (like mine especially if you were a stupid high school kid like me thinking you have to go out of state and one of the "better schools". Anyways you may be paying for a while, but it won't be easy.And while you are in that period, your total balance keeps going higher.I have three loans with them and each loan has a 12% interest rate.
I should be done with one loan by the time the grace period starts and will repeat for the other loan.When we were ready to make the next disbursement for his Fall Senior year we were told that since the University did not disburse the amount after Spring Junior year the loan was closed.After speaking with 5 different Sallie Mae representatives, who I will add all have the same scripted response; we were told that an application would need to be completed again.If you will be hard on cash after graduation, please pay interest asap. Take a part time job, internship or whatever to pay these interests while still in school!Hell even flip items on Facebook market like I did if you have a tough major (be careful with this though).