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Messages - jmaxsteel

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I have 2 student loans . One is with Nelnet ( formerly with Greatlakes ) . Due to some family situations, I been putting it on foreberance for years and years and over a decade to be honest. Now that I have come to by senses I am seeing that my loans have ballooned up to 59k and that's just with Nelnet. What's really getting on my nerves is the interest rate is $10/month. Don't get me wrong- This is all my fault. I should have taken responsibility , but I didn't . But I want to make it right , now. Do the right thing..

I have my 2nd loan with Navient. This one is not that horrific. It's about 7k at 11% int. rate.

I was just speaking with a Nelnet customer service rep and she recommended that I put my account on a 3 month forbearance. I have used up ALL my forbearance so she was helping me out with a 3 months discretionary forbearance. I am thankful, but the interest rate is murder at this point. $10 / day = $300 / mo.
My monthly due for Nelnet is $433 and Navient is $100.


Now she advised that I consolidate my debt, but I don't want to consolidate my Navient with Nelnet because Navient has as cosigner and I don't want her on my loan. So I am trying to get her off my loan first of all.
I guess my question is, is consolidation a good idea ? Will it help with interest rate or just with the monthly payment part? Also, would it be a good idea to consolidate both Nelnet ( 59k) and Navient ( 7k) or should I pay off Navient first and then tackle Nelnet with a passion? Can someone with experience let me know? I am sick of having this student loan hanging over my head.


I make around 85k per annum and I live in a $500 room so I can save money. But it's not really helping when I have $300 /mo adding up just in interest alone.