{"id":14,"date":"2006-07-21T20:46:15","date_gmt":"2006-07-22T01:46:15","guid":{"rendered":"http:\/\/www.jjmediaoutlet.com\/blog\/?p=14"},"modified":"2006-10-25T19:51:54","modified_gmt":"2006-10-26T00:51:54","slug":"follow-up-to-single-lender-blues","status":"publish","type":"post","link":"http:\/\/www.jjmediaoutlet.com\/?p=14","title":{"rendered":"Follow up to Single Lender Blues"},"content":{"rendered":"<p>Awhile back, I <a href=\"http:\/\/www.jjmediaoutlet.com\/blog\/?p=7\">wrote<\/a> about my lack of ability to conslidate my student loans with a company besides Sallie Mae due to the single lender rule. Congress finally repealed the single lender rule as of June 2006, which should make for a more competative loan market for students. At the time I conslidated my loans, there were some nice offers that I had considered before discovering I couldn&#8217;t easily take advantage of any of them. I can only imagine how the market might change and the deals that could be down the pike if people are freely able to change their lenders.\n<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0My conslidation did go through without a hitch and my bill gets paid to Sallie Mae every month without any problems so far. I&#8217;m locked in at 2.875%, which isn&#8217;t much to complain about espically compared to the 7% and 8% that I&#8217;ve seen other people have. Of course I have many many years of repayment to look forward to, but I got two degrees at least right?<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0But seriously for anyone in college or about to go into college, take a moment to consider some random free off the top of my head advice. <\/p>\n<ul>\n<li> First, find and apply for lots of scholarships even if you think you may not qualify for anything, it doesn&#8217;t cost you anything but some time and the worst they can say is no. But you may get lucky and get a decent amount of college covered through this manner. <\/li>\n<li>Second, don&#8217;t just take out student loans for whatever maximum you can. Take a moment to consider what you <strong>really<\/strong> need and what you can cover through other sources like a job.<\/li>\n<li>Third, once you have that job, live within what you make. You&#8217;ll tell yourself its okay to spend money now because after you graduate you&#8217;ll make lots to make up for it. But make things easy on your future self, work a few extra hours and save a few bucks up.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Awhile back, I wrote about my lack of ability to conslidate my student loans with a company besides Sallie Mae due to the single lender rule. Congress finally repealed the single lender rule as of June 2006, which should make for a more competative loan market for students. At the time I conslidated my loans, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14","post","type-post","status-publish","format-standard","hentry","category-student-loans"],"_links":{"self":[{"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=\/wp\/v2\/posts\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14"}],"version-history":[{"count":0,"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=\/wp\/v2\/posts\/14\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.jjmediaoutlet.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}