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[jb]

Can anyone recommend who is the overall best?


I've seen some with cash back.

Is there one consolidator that stands above the rest?

I would like cash back and a low rate, etc. Cash back is very
important me, lower % rate is second....



Thanks again,




Please post reply here.

[Steve Blank]

I don't track the different lenders so can't say who may be offering
deals. Perhaps others can post what they have found.

Every consolidation has to initially meet the same government
requirements, but some lenders do offer promotional incentives such as
reduced interest if paid automatically from a bank account, reduced
interest after payments made on time for a certain period (36-48
months), and some may even offer a cash back rebate sometime down the
payment road. You'll have to shop around to determine which is best for you.

Note however that there is something called the "Single Lender Rule". If
all the Stafford loans that you want to consolidate were made by the
same lender, then you have to consolidate with that lender.

If you do have multiple lenders, or in the unlikely event that your
single lender declines to consolidate, then you may use any other lender
that you wish.

Advice to all: if you want to consolidate before July 1 to lock in the
lowest rates ever, move quickly. Lenders are being swamped with
applications.


Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761


jb wrote: