Lower Payments?
Date: Thu, 09/02/2010 - 12:08
Lower Payments?
I've been looking over the different options Sallie Mae provides to lower your monthly payments. I'm trying to determine what it the best option. Here are the ones I'm curious about...
Income-Based Repayment (IBR)
Income Contingent Repayment
Income Sensitive Repayment
Extended Repayment
Can anyone tell me which would be th e best option? I was able to find a calculator for the IBR, but couldn't find one for the other options so I could compare. Any advice would be greatly appreciated!!
I currently owe $7261.20 I have four loans-Two of them have an interest rate of 2.47%, the other two are 6.8%.
Thanks in advance!!
Income-Based Repayment (IBR)
Income Contingent Repayment
Income Sensitive Repayment
Extended Repayment
Can anyone tell me which would be th e best option? I was able to find a calculator for the IBR, but couldn't find one for the other options so I could compare. Any advice would be greatly appreciated!!
I currently owe $7261.20 I have four loans-Two of them have an interest rate of 2.47%, the other two are 6.8%.
Thanks in advance!!
Go to Direct Loans and use their calculators. I would also reco
Go to Direct Loans and use their calculators. I would also recommend you consolidate with Direct Loans and NOT sallie Mae.
Thanks Soaplady- Just to make sure, are you referring to http://
Thanks Soaplady- Just to make sure, are you referring to http://www.loanconsolidation.ed.gov/ ??
Thanks!!
