Consolidating Student Loans???

3 Comments

I’m looking into consolidating my student loans that I have accumulated over the past 5 years. I have a mix of private as well as federal loans. Is there any company that will allow me to combine all of them into say, a 15 year loan. My private lenders are requiring me to repay within 4 years. So my payments are like 0/month! …on top of my federal loan payments.
Any advise would be great.

Related posts:

  1. I made a mistake consolidating my student loans. What can I do? I had several student loans from various lenders for my undergraduate and masters studies. Because I was tired of paying many payments each month to different lenders, I rushed into consolidating without knowing the facts. Now I am stuck at a much higher interest rate and will end up paying 30-40% more in the end!! [...]...
  2. Consolidating private student loans? I graduate December 2010. So in 1 1/2 years. I’m praying & hoping that things get better, so my student loan repayment options are better. I will have k in federal & another k in private loans. I checked my credit & all accounts are in good standing (not sure of my score). I have [...]...
  3. Need Help with Consolidating Private Student Loans!? Okay, so, I have tried getting help with consolidating Pirivate Student Loans (,000) (there were seven different increments that I took this loan out in) and have found out that: NextStudent-No Longer does biz for private student loans now PAL Student Loans-No Longer accepts apps either WellsFargo-Almost got in here, but when my mom tried [...]...
  4. Does anyone have any advice on consolidating PRIVATE student loans? I'm having bad luck and need some advice! Just to clarify, I have already taken out the private student loans and am looking to consolidate them. I’m not looking for a way to fund my education as I have already completed school. Thanks for the website. It is comforting to know that I’m not the only one in this situation!! My payments right [...]...
  5. STUDENT LOANS: Consolidating Fed. Loans with Sallie Mae Loans? I am currently paying too much for student loans! I just graduated college about a year ago and consolidated my federal student loans (subsudized and unsubsidized) with Brazos (referred by AES). What I would like to do is consolidate my fed. student loans with my student loan I received from Sallie Mae so that I [...]...
  6. Is there any benefit to not consolidating student loans? I graduated from college two years ago, and never consolidated my student loans. I believed (possibly wrongly) that consolidating was only important if I wanted to lower my monthly rates but it wouldn’t have made a difference in the total cost of my student loan. My plan was to pay off large chunks of the [...]...
  7. I need help consolidating PRIVATE student loans (NOT FEDERAL)? I have tried to contact many different consolidation companies but they cannot help me with PRIVATE student loans. My payments are outrageous and I cannot pay them. I have placed them in forbearance many times but all that is doing is making my total owed amount go up since it still accrues interest. Remember these [...]...
  8. Is anyone consolidating student loans now? I just got my first bill from my 3 student loan lenders, and my monthly payments equal about 0 a month. I called each company to see if I could consolidate but there is a freeze on consolidation. Even Sallie Mae wont consolidate the 6 loans I have with their company alone. Do you have [...]...
  9. Consolidating student loans. What is the best service to use? The one site I found was http://www.loanconsolidation.ed.gov Has anyone ever tried that site for their loan consolidation? I didn’t know if I could get away with paying much lower, but I had calculated that my total student loans would be 6 and using that service I would save almost a month and my monthly payments [...]...
  10. Advice on consolidating Student Loans? I graduate this upcoming May from college and I’ve been told by numerous people to consolidate 5-6 months before you graduate but I’ve never heard a reason as to why. I currently have four loans (3 private and 1 federal) and the total balance for all of them is roughly ,000 which has payed for [...]...

3 Comments (+add yours?)

  1. Rony
    Dec 13, 2009 @ 04:41:22

    Hello, You can not consolidate your private loans with your federal loans. But I found interesting information about your answer, college loans, scholarships, college grants & partime works here.http://all-student-loan-consolidation.blogspot.com/2007/07/college-loan-consolidation.htmlGood luck!

  2. JRM
    Dec 13, 2009 @ 04:41:23

    You can not consolidate your private loans with your federal loans, but you can do two consolidation loans…one for your private loans and one for your federal loans. There are a number of lenders that offer consolidation loans. You’ll just need to research who will offer you the best deal and who offers good service and go with them. You don’t have to use the same lender for both loans…one lender can consolidate your private loans and a different lender to consolidate your federal loans.

  3. Manny
    Dec 13, 2009 @ 04:41:23

    Private loans cannot consolidate, at least that’s what my research has indicated. Most likely whomever you borrowed your federal loans through will allow you to consolidate and you can consolidate through the gov’t as well. You can list your private loans in when you list consolidate able loans and then they will at least taken into account.

Leave a Reply