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Special Direct Consolidation Balling Out of Control
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Date: July 12th, 2012 3:00 PM Author: Sick ticket booth Locked in my Staffords at 3.55% and GradPlus at 5.75%. Just going to do 30 year repayment on them now. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21069523) |
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Date: July 12th, 2012 3:13 PM Author: Gold Forum I've got a loan that's now at 1.625% on a 25-year repayment plan. With auto-debit, it's 1.375%. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21069598) |
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Date: July 12th, 2012 3:15 PM Author: Sick ticket booth Mad jelly of this. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21069609) |
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Date: July 12th, 2012 3:17 PM Author: Gold Forum Yeah, I'm in no hurry to pay off this one. Let dat inflation ride. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21069613) |
Date: July 12th, 2012 3:12 PM Author: nudist dun therapy friendly grandma What? Are you an old (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21069595) |
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Date: July 12th, 2012 3:15 PM Author: Sick ticket booth No. I just took advantage of the SPECIAL DIRECT CONSOLIDATION offer from the guberment.
I had privately held FEEL loans with a ton of bonus "reduce your interest rate if you do X" things, so when I did special direct consolidation they based it off of the CURRENT interest rate, which was already reduced by like 2.5% from all the random extras. |
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Date: July 12th, 2012 3:30 PM Author: nudist dun therapy friendly grandma Special direct reduces your rate by 0.25%
Auto debit is 0.25%
Explain these "extras" |
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Date: July 12th, 2012 4:47 PM Author: Sick ticket booth The servicer I had before consolidation reduced it for all kinds of random reasons. Autodebit took off .5%. Never made a late payment? .5% reduction! 10 year repayment plan? .5% off! No fucking reason? .5% off!
I really wish NOBAMA hadn't made all loans direct in 2009, because the DIRECT loans I have after that are at the retarded bullshit rate of...whatever the fuck they are? 7%? |
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Date: July 12th, 2012 5:12 PM Author: nudist dun therapy friendly grandma Flame unless you are talking about private loans. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070496) |
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Date: July 12th, 2012 5:28 PM Author: Sick ticket booth As I stated above, I'm talking about FEEL loans. FEEL loans are privately serviced but government backed Stafford and GradPLUS loans. Those are the types of loans that the Special Direct Consolidation program is targeting.
No, it's not a flame. |
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Date: July 12th, 2012 5:30 PM Author: nudist dun therapy friendly grandma There are no interest concessions like this for Staffords and Gradplus. It's fixed by law (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070667) |
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Date: July 12th, 2012 5:31 PM Author: Sick ticket booth Uh, you're fucking wrong. It's capped at how high it can go, not how low it can go. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070680) |
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Date: July 12th, 2012 5:31 PM Author: nudist dun therapy friendly grandma Link or GTFO (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070686) |
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Date: July 12th, 2012 5:32 PM Author: Sick ticket booth You said it's THE LAW. Why don't you link THE LAW that says you can't do that? (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070695) |
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Date: July 12th, 2012 5:33 PM Author: nudist dun therapy friendly grandma Because I am busy. Link where any servicer hands out 2.75% rate decreases (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070703) |
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Date: July 12th, 2012 9:10 PM Author: Sick ticket booth Uh, the loans aren't offered anymore. That's the whole point of special direct consolidation, the government is trying to buy up all the outstanding FEEL loans. There are no more FEEL loans offered because NOBAMA did away with them and now the government just direct loans everything (so they can rape us with 7-8% interest rather than letting private servicers get guaranteed returns without any risk through FEEL loans.) (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21072788) |
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Date: July 12th, 2012 9:11 PM Author: tripping community account prole (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21072797) |
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Date: July 12th, 2012 5:41 PM Author: emerald electric furnace Yeah a couple of my old loans are down to 0.61%. Sadly, new ones are still at 7.75 and 6.05. (http://www.autoadmit.com/thread.php?thread_id=1992165&forum_id=2#21070772) |