USA congressional bill HR5 is being discussed today, but it only lowers interest rates on some college loans, and only saves a person $6.42 per month over 6 months yet 225 representatives are in favor of that bill. Please suggest better ways of saving money with regard to college education since our reps don’t seem to understand the situation. emails accepted so that I can submit those to congress.
actually I was looking for answers like: schooling and working at the same time; going to community college for two years and then going to a senior college to finish your education; getting grants; like telling colleges to cut their bills and not charge so much……so what are YOUR ideas so we can submit them to congress.

Tonisha

I have a friend who is going ot have to borrow $60,000 at 6.25% for college. If she is wise with her money (no credit card debt, strong saver, not too much spending), then will she go through a lot crap paying that back? Has anyone here who is a good saver paid off college loans? I’m just worried because I hear so many stories of people having so much trouble with loans. Thanks for your help.

Melia

I need some help shopping for loans so I can continue class fall semester.

My mother really don’t want to pay my plus loan(can afford an extra bill). So I have to go another route, getting a personal loan. Financial aid is not paying for everything.

I can’t get scholarships because my grades are at the bear minimal of passing (struggling with foreign language).

I need an educational loan instead just a personal loan. I wan to pay after I graduate.

Alpha

I’m a college student looking for a small college loan to help with expenses. What are the websites, places to go, and information on getting the best rate ect…. Can I use the money to pay off a credit card with a high interest rate? Where do you go to get college loans? The bank? Do you have to payments while your in college? What can I spend the money on? I’ve never taken out a loan. Thank you for the help.

Lina

I recieved all my loans from one lender for 2 years. Do you think it is necessary or better to consolidate my loans?

Raylene

I’m starting college full-time in the fall and I need student loans, there are so many types and options I need help!

Carmelia

I have college loans from about 5 different lenders, and I want to combined them into one payment, is it possible? Is it normal to borrow from different lenders?

Jill

I have Stafford college loans in a few places, and I remember seeing a website that listed who owned those loans, the amount and interest rates. Can anyone remember or tell me what that site is?

Christene

My parents are encouraging me to go somewhere very close to our house, but i have my heart set on going somewhere else. They are trying to sell me the idea that i may never pay off my college loans.

Lenore

I am currently looking for a college loan and have applied for an Education One Loan through Chase. The terms are full deferral with 4.5 Deferment Period Margin. 4.5 Repayment Period Margin and a 7.50 Loan Origination Fee Percentage.
Interest is Accrual beginning on Disbursment date on each day divided by number of days at the Variable Rate. The Variable Rate is the Current Index plus a margin.

Does this mean my interest is 7.95 (market) and 4.5 Margin..eg. 12.5% from the origination fee of 7.5%? I need help understanding how much this is going to cost after college. Regards, Bryan
agreed. i dont want to get anally ***** either. it seems like 12.5% yearly rate and a 7.5% charge on the front end. Seems high..although it is a private long term loan. I figure 14% a year in the stock market..with a trust fund building. I dont want to pay 200% in 5 years. That would be extremely high. I need this in a quick figure so I can figure out my best option. Not worrying about it…is why im getting the college loan.
obiously…im looking for a private loan. i dont want to have the restrictions of a federal loan. im a rich kid. i dont live cheap.

Shenika