http://000loan.com/posts/how-does-student-loan-consolidation-work you need loans, you have come to the right place Thu, 19 Aug 2010 15:39:50 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://000loan.com/posts/how-does-student-loan-consolidation-work/comment-page-1#comment-4921 Veritas et Aequitas () Wed, 25 Nov 2009 02:37:21 +0000 http://000loan.com/posts/how-does-student-loan-consolidation-work#comment-4921 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. 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.

]]> http://000loan.com/posts/how-does-student-loan-consolidation-work/comment-page-1#comment-4920 greentad Wed, 25 Nov 2009 02:04:22 +0000 http://000loan.com/posts/how-does-student-loan-consolidation-work#comment-4920 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). 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).

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