School Loans are KILLING ME! Any Advice?

[Richard Villandry]

Hello,

My big goal is to get into REI at some point (sooner than later). Before i do this i want to get all my personal finances in order. I'm currently 27 yrs old and have around 70k in school loans ranging from 4% -12% interest rated fixed and variable. I have great credit and need to find a way to get the interest rates down so i can start putting a dent in these things.

Can anyone offer up some advice who has experience (or not) with refinancing or consolidating school loans? I would really like to have them all rolled into one loan, with one payment, around 4% fixed interest. Is this possible? Which types of banks are best to use for this, credit unions, big banks like BOA or online banks?

Thanks for the help!

[Terry Lewis]

My daughter has $85,000 in student loans. She consolidated her loans from a service that the College she attended has. Now she bought 2 units in the north east with $1000 per month cash flow after all expenses. She borrowed the down payment from us and seller financing yes paying us interest. This $1000 per month will easily pay the debt service on her student loans.

Go to demographia.com and check out all the areas in the Northeast that are ripe for investment.

Terry