A few days ago
marcyp06

Student Loan Consolidation?

Does anyone know of a company that will consolidate government and private loans? I have one through citi bank, and one through sallie mae, and plus government loans. Will any place consolidate all of them?

Top 3 Answers
A few days ago
Anonymous

Favorite Answer

With the changes underway in the student loan industry many companies have backed away from blending loans.

You could consolidate all the federal loans into noe and if you have more than one private loan combine them into one. This would make it a little easier for you to track and pay only two loan payments.

Many companies will do this, you could try Student Loan Advisors at http://www.studentLoanAdvisors.com and do both consolidations at the same time.

But currently, I don’t think, you’ll be able to put private loans together with federal loans.

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A few days ago
Neena T
Student loan consolidation is a very simple and most effective way of lessening debt burden. All you do is take a new loan that is at least equal to the amount you owe to different lenders. With the new loan amount you or your new lender immediately pays off all the previous loans. The student is thus relieved of the previous debts in one go.

There are many advantages in taking student loan consolidation. As the new loan is essentially availed at lower interest rate as compared to the average of interest rates on previous loans, student saves a lot of money in paying interest. While so far student was paying loan installments to different lenders, now he pays installments to just one lender.

There are many payment plans available to a student in repaying student loan consolidation. These repayment plans include standard payment of set monthly payments; graduated payment plan involving low monthly payments initially that gradually increases; variable plan that adjusts amount of payments as per changes in your income and expenses and extended payment plan allowing you to extend the loan pay off period and reduces monthly payments.

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A few days ago
Cool B
Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad creditdepending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.
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A few days ago
Anonymous
I have searched and find a site.http://www.studentloansdebtconsolidation.net/ .Check it if you find any info.
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