Wednesday, May 23rd, 2012

What is the best way to get the LOWEST possible monthly re-payment on a Direct Loan student loan?

October 17, 2010 by  
Filed under Student loans

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3 Responses to “What is the best way to get the LOWEST possible monthly re-payment on a Direct Loan student loan?”

  1. paige l says:

    1110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . litle pennies !! they dont get a lot

  2. payingcollege says:

    Best way to get the lowest monthly payment is to consolidate your loan (you can consolidate even one loan) and get the longest repayment term available, which depends on how much you owe.

    Remember, if you do this, and pay only the monthly minimum, you will end up paying more interest over the life of a loan (just like a credit card).

    Sallie Mae is the largest consolidator of loans (including direct loans). Their site has a lot of good info, including an FAQ and a calculator so you can see what your monthly payment might be.

    http://www. salliemae. com/after_graduation/manage_your_loans/consolidate_student_loans/student_loan_consolidation. htm

  3. pete09301971 says:

    This site should help you http://www. studentfinancialadvisors. com

    They give the best deal out there.