Coldbreak Brewing Giveaway - Open to All!

Home Brew Forums > Home Brewing Community > General Chit Chat > Student Loans
Reply
 
Thread Tools
Old 04-27-2007, 09:29 PM   #1
aekdbbop
Feedback Score: 0 reviews
 
aekdbbop's Avatar
Recipes 
 
Join Date: Sep 2006
Location: Nashville, TN
Posts: 2,772
Liked 8 Times on 7 Posts

Default Student Loans

I was just wondering when you guys graduated.. if you consolidated you loans? Is it a good deal?

I do not have any loans, but my wifetobe does, and I just want to make sure we get off on the right foot.. thanks!


aekdbbop is offline
 
Reply With Quote
Old 04-27-2007, 09:35 PM   #2
Beerrific
Feedback Score: 0 reviews
 
Beerrific's Avatar
Recipes 
 
Join Date: Mar 2007
Location: Georgia
Posts: 5,600
Liked 50 Times on 42 Posts
Likes Given: 9

Default

It is not a bad idea, it will lock you into a fixed rate. Most of the government organized ones are variable and it doesn't look like interest rates are going down so . . .


Beerrific is offline
 
Reply With Quote
Old 04-27-2007, 09:53 PM   #3
beeraggie
Feedback Score: 0 reviews
 
beeraggie's Avatar
Recipes 
 
Join Date: Mar 2007
Location: California
Posts: 264
Default

I consolidated mine when I got out of school. It worked out very well for me. The best thing is its only one check a month instead of several!
__________________
Screw styles...brew what you like!!!
beeraggie is offline
 
Reply With Quote
Old 04-30-2007, 11:50 AM   #4
ayrton
Feedback Score: 0 reviews
 
ayrton's Avatar
Recipes 
 
Join Date: Aug 2006
Location: South Jersey
Posts: 809
Liked 2 Times on 2 Posts

Default

I consolidated as well. It's definitely the way to go: you get a lower rate over a longer period, but you still have the option to pay more every month if you want to.
__________________
Primary 1: None
Primary 2: None
Secondary 1: None
Conditioning: None
Drinking: None (!)
Recently Kicked: None
Up Next: Beats me!
ayrton is offline
 
Reply With Quote
Old 04-30-2007, 12:01 PM   #5
zoebisch01
Feedback Score: 0 reviews
 
zoebisch01's Avatar
Recipes 
 
Join Date: Nov 2006
Location: Central PA
Posts: 5,198
Liked 7 Times on 7 Posts

Default

I consolidated at 3.5 % or whatever it was. Definitely do it.
__________________
Event Horizon ~ A tribute to the miracle of fermentation.

Brew what you like. Do this, and you will find your inner brewer.
zoebisch01 is offline
 
Reply With Quote
Old 04-30-2007, 12:37 PM   #6
Ó Flannagáin
Registered User
Feedback Score: 0 reviews
Recipes 
 
Join Date: Jan 2007
Location: Wichita Falls, Tx
Posts: 3,026
Liked 17 Times on 12 Posts

Default

How much do you guys owe? I managed to get away with only $6000 in loans, been out of school for 4 months and down to $5400. Still sucks though, probably could have made it without the loan, but man, it helped.
Ó Flannagáin is offline
 
Reply With Quote
Old 04-30-2007, 01:15 PM   #7
Desert_Sky
Feedback Score: 0 reviews
 
Desert_Sky's Avatar
Recipes 
 
Join Date: Mar 2006
Location: Sierra Vista, AZ
Posts: 4,090
Liked 36 Times on 33 Posts
Likes Given: 2

Default

Im down to 6500 as well......

I only pay 72 bucks a month so its going to be a while more
Desert_Sky is offline
 
Reply With Quote
Old 04-30-2007, 02:50 PM   #8
Evan!
Feedback Score: 0 reviews
 
Evan!'s Avatar
Recipes 
 
Join Date: Aug 2006
Location: Charlottesville, VA
Posts: 11,901
Liked 76 Times on 65 Posts
Likes Given: 1

Default

Yeah, def. consolidate, especially if you have DoE loans. I had a bunch of DoE loans, and not only did consolidation get me a lower, fixed rate, it also made me feel better because I wasn't giving any more of my hard-earned money to the government. They already take way too much every 1st and 15th.
__________________
MOSS HOLLOW BREWING CO.
Aristocratic Ales, Lascivious Lagers


.planned:
•Scottish 80/- •Sweet Stout •Roggenbier
.primary | bright:
98: Moss Hollow Soured '09 72: Oude Kriek 99: B-Weisse 102: Brett'd BDSA 104: Feat of Strength Helles Bock 105: Merkin Brown
.on tap | kegged:
XX: Moss Hollow Springs Sparkling Water 95: Gott Mit Uns German Pils 91b: Brown Willie's Oaked Abbey Ale 103: Merkin Stout
98: Yorkshire Special 100: Maple Porter 89: Cidre Saison 101: Steffiweizen '09 (#3)
Evan! is offline
 
Reply With Quote
Old 04-30-2007, 04:24 PM   #9
uwmgdman
Feedback Score: 0 reviews
 
uwmgdman's Avatar
Recipes 
 
Join Date: Feb 2006
Location: Oregon, WI
Posts: 679
Default

I graduated in spring 2003, perfect time for low interest rates. Consolidated at 2.875% fixed, with my autopay sign up that's down to 2.625%. Definately saving me lots of money and most importantly it is fixed.
__________________
#######################
Coming Up: Pompous Mudblood, Coffee Imperial Stout
Production: 2015 Makers Mark Bourbon Barrel Stout, Thug Life Double IPA

Drinking: 2013 & 2011 Makers Mark Bourbon Barrel Stout, American Barleywine
uwmgdman is offline
 
Reply With Quote
Old 04-30-2007, 05:07 PM   #10
fifelee
HBT_SUPPORTER.png
Feedback Score: 0 reviews
 
fifelee's Avatar
Recipes 
 
Join Date: Dec 2006
Location: Vaughn, MT
Posts: 1,106
Liked 38 Times on 26 Posts
Likes Given: 12

Default

Consolidation is a good idea to get the fixed rate, but it depends on the rate. I heard they are much higher now than a few years ago. It also seem like the rates get lower the closer we get to an election, so it migh be worth waiting a year. My $.02.


fifelee is offline
 
Reply With Quote
Reply


Thread Tools


Similar Threads
Thread Thread Starter Forum Replies Last Post
Local Student is starts Organic Hop farm. Orangevango Hops Growing 6 09-16-2009 07:48 PM
Kegerator or student loans? mosquitocontrol Beginners Beer Brewing Forum 47 09-12-2009 06:30 PM
Student brewer ready to distribute to the masses Unfabled Introductions 5 02-24-2009 11:54 PM
Student charged with making morphine laced homebrew Medo General Beer Discussion 3 10-28-2008 10:21 PM
Student loans Ryanh1801 General Chit Chat 14 08-03-2007 02:42 PM


Forum Jump

Newest Threads

LATEST SPONSOR DEALS