It’s a good thing that you’re thinking about consolidation because it’s a great way to lower your interest rates and to make monthly payments easier.

Unfortunately you can’t consolidate your parent PLUS loan with your other loans because your parent must pay it. And you can’t consolidate federal loans with private loans. But you can consolidate any federal loans together and any private loans together.

You can read more about student loan consolidation here:

http://www.studentfinancedomain.com/student_loans/college_student_loan_consolidation.aspx

Good luck!

unfortunately that’s true. my father made sure i was the primary name on all my loans but that he was also listed so that we could both make payments. he paid while i was in school and then once i graduated i took over the rest of the payments…after the grace period and getting a full time job of course. this allowed me to consolidate all my loans except for the private one. for some reason, private loans dont allow consolidation but fortunately that was my smallest one so now i just make 2 payments for 3 loans (2 public and 1 private). however, even though i’m not making one payment, i found out the company i consolidated with allowed me to make all payments to them only and not 2 seperate institutions which helps a lot with keeping track of everything.

my advice is:

see if you can get all the loans put in your name since you will be paying on them. most companies have no problem changing information for the person they’ll be getting money from as opposed to the person they’ll be giving it to.

find out which ones can be consolidated and then find a company that will take all of them, including the ones that cant (which will probably be the private one), so that no matter how many payments you have to make it will only be to one place.

if you still cant get a consolidation then see if your parents can since it’s already in their name. then see if they can add you to it as another person allowed to make payments. even though they wont be paying anything, at least you will be able to as if you were the primary person. if you cant do that, then send your parents the money to pay it off and at least it will still be consolidated.

good luck! if i hadnt consolidated my loans, the payments would have already gone up twice in the past 3 years since i’ve been paying it off. thank goodness for that because i’m stuck with them for the next 10-15 years and i’ve already got enough bills.

You may be able to consolidate you private loans with a private lender, but you will not be able to consolidate them with the federal government (Direct Loans), you will probably have to consolidate them with the bank with whom you originally took them out with. Hope that helps you and best of luck.

the plus loan will be in your parents name, so no, but there are companies that will consolidate you private and federal loan separately, but still give you one payment.

i work at nelnet, but there is also citibank, sallie mae, cfs, acs, etc… i cant speak for anyone, but we have no fees or prepayment penalties.

shop around to get the best deal. your parents can also sign with the company you choose, and have statements sent to you. that is about the closest you can get with the current federal regulations.

good luck.

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