Confused about loan consolidation? This film will explain how it all works using Play-Doh (tm). Visit StudentLoanConsolidator.com for more info!
License: Creative Commons Attribution-NonCommercial...
Confused about loan consolidation? This film will explain how it all works using Play-Doh (tm). Visit StudentLoanConsolidator.com for more info!
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What? Do not believe this garbage! Either a) don't borrow or b) just suck it up, and pay under reasonable terms. If you believe this rubbish, you spread out your repayment terms AND the playdough turns into a big fat pile that sits on top of you so you can't move, you pay thousands and thousands more, and you will pay until you are 75 years old. Sallie Mae is your friend but not mine.
But over a longer period of time won't there be more interest than your shorter loans even with money taken off the end...isn't that why they offer that because they get more money because of higher APR's? So you think, "let me stretch this over a longer period of time to try and save money", but in fact you are paying over the longer period of time even with the money off after a set amount of months?
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