Comments on: Pick A Plan, Any Plan

By: Scott

Scott — Tue, 31 Jul 2007 06:18:23 +0000

I was contacted by phone by a company called Educational Direct, which uses (according to their web site) Affinity Direct) to consolidate student loans. First of all, has anybody ever had experience whatsoever with Educational Direct, and if what has been your positive or negative experience. I ask, as I originally filled out a debt consolidation questionnaire and after paying my $23,000+ student loan (currently with Direct Loans) for 36 months at 5.25% with auto checking debit, my loan will then drop to 4.25%!?!! This sounds great as $8,500 of my loans are at 6.8% and my weighted average is 5.5%. Thank you.

By: Jon

Jon — Wed, 21 Mar 2007 05:20:11 +0000

I have a question for you. If I graduated and about to work in a different country, do I still qualify for the Income contingent plan?

By: jrudy

jrudy — Wed, 07 Feb 2007 19:38:43 +0000

Great question! As a Customer Service Representative at the Student Loan Network I hear countless times a day from borrowers that their monthly payments are just not affordable. Your best bet is to contact your current lender and check if they have a different repayment plans for you. Many times companies offer interest only payments. It may cost you more over the life of the loan however it does help reduce your monthly payments for some time. Hope this helps!

By: alicia

alicia — Wed, 07 Feb 2007 17:17:55 +0000

I’am in debt 4,836 I try to borrow money form a bank they turn me down I feel that’s not right! I’am poor I want a to better my and take care of my family university of phoenix in missouri did me worng!