Us department education consolidating loans
And these companies might promise you things or advertise some type of help for your student loan debt which might entice you to call or sign up.Before you take any action with these companies, remember this: you don’t ever have to pay someone to get help with your Federal student loans if you don’t want to.
Not that help is not available, but it’s up to you to decide if you want to do it on your own, or hire a professional organization to handle it for you.
The fee can be anywhere from 1-5% of the loan amount.
Sometimes the fee is a flat rate up front (say 00). There are no circumstances in which you should have to pay money to get money.
There are two common fees that will be paid with the loan, but once again, never up front.
Federal student loans charge a 1% default fee, but charge no origination fees.
The direct communication I have had with the CEO has always been very positive and constructive.
After you graduate, it might be a good idea to consolidate your student loans. The most common student loan consolidation scam is one in which the company charges a consolidation fee, but actually does nothing.
Or they may have complex situations and want someone to help them.
Many times the law firm will ask you to make your full student loan payment to the the law firm itself (or whatever amount you can afford to pay).
The law firm says they'll then negotiate a settlement with your lender.
Most private loans charge some type of either disbursement fee or origination fee, but these are usually negotiable and vary widely from lender to lender.
If you are working with a third-party company to help you with your student loan debt, they might take a fee up front.