ak47ing said:I checked out Direct Load servecing (https://www.dlssonline.com/), Found out there are rebates which I need to make first 12 required monthly payments on time to get it back, if I Consolidate Loans with UHEAA, will I get the rebate back?

I just consolidated. You do in fact lose your rebates. Didn't know that before I consolidated.

"I just consolidated. You do in fact lose your rebates. Didn't know that before I consolidated. "


I have $40,000 total in loans.

I am eligible for almost $300 in rebates from the govt. Would it be in my best interest to reconsolidate with UHEAA or stick with the .gov and get the rebates??

thanks

Ilikeyourgf said:"I just consolidated. You do in fact lose your rebates. Didn't know that before I consolidated. "


I have $40,000 total in loans.

I am eligible for almost $300 in rebates from the govt. Would it be in my best interest to reconsolidate with UHEAA or stick with the .gov and get the rebates??

thanks

Use a loan calculator and find out.

Ilikeyourgf said:"I just consolidated. You do in fact lose your rebates. Didn't know that before I consolidated. "


I have $40,000 total in loans.

I am eligible for almost $300 in rebates from the govt. Would it be in my best interest to reconsolidate with UHEAA or stick with the .gov and get the rebates??

thanks

Probably best to consolidate. Stafford loans are going up July 1st to 4.7 for in grace, and 5.3% for out of grace. You can consolidate right now and lock in a 2.77 rate. Will save you a lot of money over the loan period. Better hurry and get that paper work in...only 2 weeks to lock in the low rates. If you do UHEAA you'll only be paying 1.52% interest as long as you sign up for their auto-pay service and get the 1.25% reduction. It is a great deal. I would jump on it if I had not already consolidated.

What is recommended for a current student who wants to lock in the current rates on existing loans? I have about 5 years of grad. school ahead of me and don't want to begin repayment until I finish my graduate degree. I can do this if I leave my loans alone, but I can also do it if I reconsolidate with the Dept. of Education. What benefits are there with consolidating with UHEAA or THE instead of with the Feds? Will I retain all my rights and privileges? Most importantly, will I still be eligible for in-school deferment?

Thanks.

jolivo said: I locked in my rate at 1.875%, but it doesnt really matter because any interest is tax deductible.


You do understand a tax deduction isn't the same as a tax credit, right? So, it does matter.

Hello,

Here is some information for anyone with only Direct Loans. I've called and spoken to two different customer service reps at UHEAA and both of them have told me that I can consolidate my Direct Loans even if those are the only loans I have. In short you do not have to worry about the single lender rule.

Also as long as they get the application by June 30th you should be fine, but please don't be a procastinator like me and wait until the last day

Hope this information helps, have a wonderful weekend.

i just also recently found out about this consolidation!!! I hope I am not too late!

anyways, i went on the UHEAA and found this:

The Utah Higher Education Assistance Authority (UHEAA) will offer in-school borrowers the ability to lock in an historically low interest rate through loan consolidation. To qualify for an in-school consolidation loan from UHEAA, borrowers must meet the following requirements:

* Have at least one loan held or serviced by UHEAA
* Currently be enrolled at least half time in an eligible institution - includes borrowers who were enrolled and attended school winter or spring terms 2005 and are not taking classes summer term, but will attend at least half time in the fall
* Consolidate at least $7,500 of eligible loans


I have never had a loan serviced by UHEAA...how do i get around that? also, when i call the number what kind of info do they ask for? any help is appreciated...thank you!

hewhoroams said:That says for in school consolidation

and i bet if you applied anyway, it would go through.

Just got my first payment letter from them yesterday

they divided my loan into 2 sub loans (one for subbed loans, the other for unsubbed)

and have given me a very generous payment plan
with an interest rate at 2.875%
this should drop 1% after my first 48 payments ( but im going to double check soon on this)

well i am currently attending school...

i just checked and i have about $50g in stafford subsidized, satfford unsubsidized, direct stafford subsidized, and federal perkins.

i still have two more school years to go. i called up the uheaa number and they said i HAVE to do it with sallie mae. is that ture? what are my other options?