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College loans?
I am currently planning on going to Case Western Reserve, and I have been accepted. As I see it now tuition will cost $185000 and Case has given me, via grants and work study, what looks to be about $113000. In addition, the financial aid office has offered $6000 in total loans (Perkins and Stafford). Obviously I need a big loan, but what is the best way to go about getting that? I don't know what I'm doing and my parents won't help, so I'd like to know which direction to go. Any help will be greatly appreciated. I live in Ohio, and Case required that I fill out and submit the FAFSA to them for Financial aid. Can I get aid from the FAFSA apart from Case or something? I will be a freshman, and the $185,000 is the total cost of attendance for all four years.

You didnt say which state you live in . I think all states have some kind of loan programs. In Vermont its VSAC = Vermont Student Assistance Corp., I am sure your state has one too.They will guide you through the process, its alot easier than you think

Is it possible to combine all my college loans, even from different lenders, into one monthly payment?
I have college loans from about 5 different lenders, and I want to combined them into one payment, is it possible? Is it normal to borrow from different lenders?

Yes you can. Start by calling the lenders you have your loans with and ask questions. ALL the interest rates will be the same. Its a weighted average. You need to look at your borrower benefits. Everyone will offer you the .25% at repayment for auto debit. Look for the best reduction with the least amount of on time payments. Stick with the big boys in the game and DO NOT go with someone that will consolidate federal with private loans. The federal consolidation plan in NOT a good one. Also try to pay it off in ten years, no more than that. Good luck.

Site updated : November 20, 2009

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