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Does Anyone Know Where I can Consolidate a Private and a Federal Loan?

Does anyone know where I can consolidate private and student loans together or at least lower my private loan?

  • Right now the interest rate is toooo high and Sallie Mae won't consolidate it because I didn't finsh the class.

  • Answer:

    I am quite shocked that they would not consolidate your Student Loans because you didn't finish the class. Where they talking about your Private Student Loans or your Federal Student Loans? I am also concerned that you would be considering combining your Federal Student Loans and your Private Student Loans. Consolidating your Private Student Loans is a good idea, but I would advise against combining Federal and Private. The reason is if you combine your Federal Student Loans and your Private Student Loans together you would lose all your Federal Benefits on your Federal Student Loans. Under the FFELP Consolidation Loan Program you are unable to combine your Federal Student Loans with your Private Student Loans; the Federal Government will not allow this to happen. If you are interested in consolidating your Private Student Loans, which I assume you are, it would be in your best interest to wait until after July 1st of this year when programs are expected to improve when dealing with Private Loan Consolidation. However, I would advise that you consolidate your Federal Student Loans before July 1st as economic indicators are pointing toward an interest rate increase on Federal Student Loans. For more information on Private vs. Federal Student Loan Consolidation as well as what your Federal Benefits are please see the link below.

COJ43ZVTEOCFGHYFO7XKZRF7RY at Yahoo! Answers Visit the source

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try Citibank. i think the site is www.studentloan.com. this is where i consolidated my student loans. i believe they offer options to consolidate your loans. additionally, most banks will offer debt consolidation loans. the interest rate will be higher than a standard loan, and collateral may be required, so this may not work out.

spaz

I consolidated my student loans using National direct student loans. Use this link and it should give you the info you need or at least point you in the right direction. https://www.dlssonline.com/borrower/BorrowerWelcomePage.jsp

Wealth of useless information

What's the point? You'll still owe the same amount of money.

Cyril G

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