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Special Direct Consolidation Balling Out of Control
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Date: July 12th, 2012 3:00 PM Author: rusted learning disabled alpha lodge 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: Titillating green state gaming laptop 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: rusted learning disabled alpha lodge 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: Titillating green state gaming laptop 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: mauve stimulating resort 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: rusted learning disabled alpha lodge 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: bateful nudist factory reset button (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: Thriller stage 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) |