Private College Student Loan

What is a good company to consolidate private student loans with? I would like to consolidate my private student loans but don't want to be subject to the pitfalls of those attractive offers like "Consolidate now and get a check fo $1000.00." I read the fine print of all the mail offers I receive but I don't trust any of them enough to persue them. I have about 40k to consolidate and will be returning to school in January to add a few more thousand. Has anyone already consolidated and had a good experience? I would be moving from Sallie Mae as my servicer. Please note, these are for private loans, not federal. Thanks in advance! I would prefer not to consolidate with Sallie Mae. I had a rather awful experience with them recently and partly look to reconsolidate so that they are no longer my loan servicer .

Best way to pay a mixture of student loans and private loans? In order for me to go to college, I had to use both Stafford loans and Private Student Loans. My grace period ends in about a month, and there just has to be a better way for me to make payments on everything. So, what are my options? Should I just pay them all separately? There are I believe 4 stafford loans and 2 private loans. Is there some form of consolidation I can do? Thanks.

Why are private student loans only loan protected? In Feb 2008 the financial companies sent lobbyist to say that it would make it extremely hard to get a private loan if this was enacted. Nobody is giving private student loans anymore anyways. So that argument doesn't work. Why are private student loans not allowed to be written off in chapter 7 bankruptcy? It seems to be the only loan type that isn't. Also, it's the only one without statue of limitations. Seems to be alot of protection for these companies.

Are private student loans risky and are the interest rates really high? I'm thinking of borrowing $20,000 under a student private loan company. Is that too risky and how high are the interest rates usually nowadays for private education loans? Also, if anyone knows of any companies or banks that are safe for private loans...

When should I consolidate my federal and private student loans? I have a few different student loans out; 3 private and 1 federal. Should I wait until I graduate to consolidate or should I do it now. I'm currently paying $500 on one private loan. The other loans have a 7.62% interest rate. Any suggestions?

Does anyone have any suggestions for a good company to consolidate private student loans? Our kids have private student loans with Citibank. They had the best consolidation options when the loans were obtained and now they won't consolidate their OWN loans. Can anyone recommend a reputable company. I know Wells Fargo will consolidate private loans from other places, but I don't know anything about them.

Does the military pay back private student loans? The best information I can find says that the military offers college loan repayment for "qualified loans." Does this refer to only federal student loans or do private loans qualify as well? Also, has anyone enlisted in Active Duty or Reserve Duty and received tuition repayment?

Where is the best place to go to get private student loans? I, unfortunately, am required to get private student loans to fund the rest of my education. I'm going to do a little bit of research on my own and try to find someone with less fine print and better interest rates, but for any of you that have experience with private loans or maybe even work for a financial aid center and could help me narrow my search down to a few select places that would be great.

can private student loans be wiped out in bankruptcy court? I have so many student loans some of them private and my monthly payment is half my monthly income. I have applied for deferment and should be eligible for it based on the 20% rule but the private loans want me to pay for deferment. I a going to be declaring bankruptcy later on this year and wanted to ask if private student loans can be discharged in bankruptcy as they wont reduce the interest rate nor work with me to accept a lower monthly payment.

When I can I apply for private student loans? I start fall 2009? I have tried to apply for a private loan, this is after I did the FAFSA, but I can never find the Fall 2009 option in any of the applications for student loans, am I too late to apply for one?

What are the better private student loans offered? I am a 2nd year college student looking for a private loan but I have no idea where to start looking. Thanks for the responses... If any one has taken out a private student loan, I would like to here from you.

Do you know of any fixed interest private student loans? My husband is in college and we are looking for a private student loan to help pay for some of our living expenses while he is in school. We are looking for a private student loan with fixed interest, but I can't seem to find anything. The only loan that we are remotely interested in is a private loan by Chase bank which is a little more lenient on how the money can be spent, but it has a variable interest rate. Do you know of any similar loans with a fixed interest rate?

Can federal and private student loans be consolidated? I have recently heard that private student loans cannot be consolidated, only federal student loans. Is this true? I just graduated from college and I mainly have federal student loans, but I also have one private student loan. I have always assumed that student loan consolidation meant consolidating all of your student loans. Can anyone help me out on this or does anyone know if some places consolidate both?

Is it possible to transfer private student loans into a federal student loan? I have about 50,000 in private student loans and it todays economic environment, no one will consolidate or refinance my loans. I was wondering if its possible to "roll them over" into a federal student loan. Any help is appreciated!

What kind of loan can I get to consolidate private student loans? I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments-- is there something similar I could get for a personal loan? THANKS!

What is a good loan consolidation program for Federal and Private student loans? I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don't bother answering the question as I will mark it as Spam. Thanks.

What are some good companies to get private student loans? I am in the process of looking for a private student loan to help cover the cost of living and being a student. I'm probably going to apply for an Astrive Student Loan. Are there any other good companies where you don't need tons of credit? Or do you know anything about the Astrive loans? Thanks.

How do I consolidate private student loans with bad credit? I have about 32000 +- in private student loans. I need to consolidate them as soon as possible so I can get them into my name only and get rid of the co-signer. This is a dire situation im in. Oh and my score is horrible.... Help?

How easy is it to get private student loans right now? I have no credit, nobody to co-sign, I'm 25 this month with only 14 community college credits. Does anybody on here have a similar situation as mine and has been approved for private student loans? If so, for how long will the loan sustain your education and what kind of interest rate is the loan?

How many times can you consolidation Private student loans? Does anybody know how many times you can consolidate private student loans? Right now I have approx $26K in student loans consolidated with Sallie Mae at about 10% interest rate. I would like to get a better one, but have already consolidated. If I can only do it once, do loan companies actually lower the rate based on credit and payment history?

What options are available to people who hold private student loans as a way to lower payments? It seems as though the only programs available to student debt holders only apply to Federal Loans. Just wandering if there is anything available to private student loan holders.

What are the credit factors for private student loans? I am trying to accumulate financial aid for this upcomin fall semester and it is a lot harder than it was a year ago. I've tried applying to 3 different institutions for private student loans and we keep getting denied. And I also have a cosigner. My cosigner has the same credit score that she did a year ago (when she cosigned on my loan for last year) and she isn't getting approved other.....so what else factors into the loan decision? What makes this year different from last year? Also, what other sources of financial aid can I try...private student loans were my last resort.

How can I find out how many private student loans I have taken out? It's about that time for me to start paying back my loans! I'm not at home (michigan) where all of my info and records are- and frankly it might not all be in one spot. I need to know if there is a number I can call to see how many private (ex: discover, or education one) student loans I have taken out in the past 4 years... Any ideas? THANKS!

How does the current financial crisis affect private student loans? With everything that is going on right now in the economy, with the financial bailout being turned down, etc. How is all of that affecting the private student loans? I have a loan through SallieMae.

Maximum amount of private student loans you can borrow a year? I was just wondering what the maximum amount of money you can borrow from lenders in private student loans is estimated to be. I know it depends on credit, etc, and if you've exhausted your federal loan options. For example, would I be able to borrow around 20,000 for one year if credit history allowed it?

What should I know about private student loans? What are the basic facts? How do I repay the loan? What are goos private student loans? I'm ineligible for Federal loans so what should I know about private ones. Are online sites reliable? Thanks in advance.

What's a good lender for consolidating private student loans? I'm trying to consolidate my private student loans, and a lot of lenders I've contacted are not currently offering this service because of the current credit crisis... Anyone know of a reputable company that is still offering student loan consolidations?

Why are private student loans not allowed to be written off? Why are private student loans not allowed to be written off in chapter 7 bankruptcy? It seems to be the only loan type that isn't. Also, it's the only one without statue of limitations. Seems to be alot of protection for these companies.

How to be approved for Private Student Loans? I am trying to attend a 4 year university in california. I am 17 years old and the only co-signer I can use is my mother. We applied for various private student loans online and were denied from all of them? Is there any hope? I would like $15,000 loan and our annual income is 47k. What could be the problem?

Who offers the best private student loans? I'm looking for a private student loan because I need more money for school in the fall and I have maxed out my federal loans. Any suggestions on some banks or credit unions that have been known to offer very good private student loans?

Is there any way to consolidate federal student loans with a private student loan before the july 1 deadline? I have 3 student loans through the federal gov't (perkins, federal direct and a "GATE" - AES loan). I also have a small private student loan through citibank. I want to consolidate all 4 by the July 1 deadline but no one will combine private and federal. I get ads in the but they all seem like scams to me. Any financial experts have any ideas?

Can you file bankruptcy on private student loans? My husband and I have a large amount of debt due to student loans. However, only a couple of thousand are through the government. The rest are through private companies. If we were to file bankruptcy I know that the federal student loans would still have to be repaid. But what about the private student loans? Would those be charged off or would we still have to repay those as well?

How can I consolidate private Student loans? I have allot of private student loans with high interest rates and I would like to have these consolidated into one loan with a low interest rate. I dont qualify for alot of them because my credit score isnt high enough! What can I do?

Can I use private student loans to pay off credit cards and bills? I am going to start a second bachelors program next month and I need funding. I owe $1200/month in credit and bills. The school is in rural nowhereville so I won't be able to get a job to pay down those bills. What options do I have? Can I take out a lump 30k to pay off those bills from private school loans? And when I apply for a private loan, do I have to reapply every year?

Where can i find a good private student loan? What are your experiences with private loans? I want to attend Seattle community college but they do not accept federal loans so i am looking at private loans. I don't have good credit but I also don't have bad credit. I have about 10,000 in collections. I want to find a loan that I can wait till I'm out of school then i can start paying on. Please let me know any experiences you have had with private loans also. Thanks

Can I consolidate both Federal and private student loans? I have about $23k in student loans with a little more than half being federal. I am not too familiar with consolidation so I am wondering if this is something I should do? And the companies that consolidate both federal and private?

What private Student Loans can I get if my parents have declared Bankruptcy and they are my only Co-Signers? Alright, I am sitting here with 4,989 in Finacial Aid from my FASA and now I need to turn to private loans. The problem is my only Co-Signer's (my parents) declare Bankruptcy about 6 years ago. Does anyone know of any loan service that will give us a loan so I can go to college?

Which bank is the best for private student loans? I am trying to apply for a private student loan because my Stafford loan won't cover my entire semester. Which bank has the best fixed interest rate, and highest turn-over rate for accepting loans? Thanks for any input! I have a ready and willing co-signer that has a fantastic credit score and very stable employment, so getting a loan is not a problem. I would just like to know what bank is the best to go with for such a costly decision. Thanks again for helping!

What is the Law on Defaulted Private Student Loans in the State of Pennsylvania? I have defaulted on four private student loans in the state of Pennsylvania. I wanted to know what the law was surrounding these loans. I have been paying on them since May 2005 and now they are saying we never had a payment arrangement and they want the payments to be higher. What can I do legally?

Are private institution student loans guarenteed in the same way as public/government student loans? I have public student loans, and I have a private student loan to repay. Is it the same situation with the private/institutional loan that I can't get out of it, no matter what? thanks for any input.

Are defaulted private student loans sold back to the government? A friend told me that they defaulted on their private loans and the government bought them, no longer making them private and easier to consolidate. Is that true?

Is there any possible way to combine federal and private student loans? I wish to God they told me in college that I wouldn't be able to consolidate them all down the road. I have federal through ACS at a total balance of 20K- fixed rate of 7.25% with monthly payments of $130 (But scheduled to go up again soon). I have private through AES at a total balance of 34K-variable rate of 9.97 (which seems really high) with monthly payments of $285 (Not scheduled to go up for another year now). I pay $400/mo in just student loans and with my car payments, credit cards, and rent- it's not cutting it. Everyone I've talked to said there's nothing you can do. Fannie Mae said they can consolidate them but only to make it once monthly payment of the total I'm paying now. How can I consolidate the two into one lower longer term payment? Or if I absolutely cannot- should I reconsolidate my 9.97% Variable rate loan? Note: I'm on that plan where they assume you'll have a good job over time and the payments gradually step up. But I still don't have that good a job!

Is it true that taking out a private student loan decreases the amount of federal loans you can take? I am starting a very intense degree program where they reccommend we don't work for the last 12-15 months of our schooling. For this reason, I am planning on utilizing federal loans and private lender loans. This morning, I spoke with the financial aid office at my school. They told me not to take out a private loan because it will reduce the amount I can get from the federal loan. What's up with that?

Did housing market affect private student loans? I saw that many private student loan compaies stopped offering student loans to 2 year colleges and some got out of the market all together. Is this directly related to the housing crisis? If so, then why not also bail people out of their massive student loan debt if they're gonna help people with their houses? I don't see how it's anyone elses fault other than the people who got the housing loans. I couldn't figure out what section this question belonged in so I made an educated guess.

What is the current prime rate for private student loans? What is the prime interest rate currently for private student loans? Can someone give me a link?

Should I take out a Home Equity loan to pay off my private Student loans? I heard that taking out a Home Equity loans to pay off my private student loans is an option. They are several loans through Sallie May resulting in $79,000 including interest, but are not consolidated. What are your opinions?

How do I switch lenders with my private student loans? I just found out that Chase isn't consolidating private student loans at this time, and the payments are too high. I would love to find another lender that does offer consolidation. thanks

Do private student loans only cover the school tuition, what about living expenses? I'm not talking about stafford loans because its a very small amount of money. Private loans only please. How would I qualify for them. Can I only take out for the amount of the school cost? Can I take out more than the school tuition to cover living expenses?

How to consolidate my private student loans with bad credit.? I have student loans with sallie mae. I have around 76,000 with private and federal student loans. I have ran out of forberence. I had to use my forberences in the past because of no job or not enough money to make payments. Well...now my payments is over 1500 a month. I will be starting a new job next monday. I will be making around 2000 dollars a month. My wife and I and my mother have a house together and our morgage is 1775 and i also have a son. As you can see theres no way I can make that high of a payment. i now have very bad credit because of the student loans. My mother was also the co signer for the loans and she has bad credit. My wife dosnt have very good credit also. I guess you can say that I dont have another co signer to use. I am trying and stressing on how to pay my loans and getting my credit back. If anyone knows or can give any advice please please do.

Smart idea to pay off private student loans with federal loans? I'm a sophomore in college, and as of now, I have $20,000 in private loans. Now, once I become a junior/senior, I will get up to $10,500 each year in federal loans. Should I just use the federal loans to start paying off my ridiculously high interest rate private loans? After all, most of the federal loans will be subsidized, and by the time I graduate, I will have about $27,000 in federal loans, and maybe only a couple of thousand in private loans if I use this method of paying them off. I'll consolidate the federal loans together, and pay off the private loans ASAP(again, should only be $2000-$3500 if my calculations are correct. Note:I have the ability to start paying off the private loans while still in school through sallie mae. The interest on 3 of these loans is 14.25%!! And one with 11.25%. Federal loans are less than half of this.

How do I get private student loans? I've applied for private student loans but I don't have any credit and my parents' just as bad (they have a recent bankruptcy in their credit history). I've already gotten federal and state grants, and the stafford loans, but I'm still $3500 short. What can I do to be approved for a loan? What other options are there?

what is the best private student loans to get for college with a low interest rate? Im about to be a sophomore in school this fall but my school needs more money before it starts. What are the best private student loans a person like me can get with little or no interest?

Can I use Student Stafford Loans to pay on private student loans? I am in the US Army Reserve, as a benefit I am afforded Student Loan Repayment Program (SLRP). However it only pays for federal insured loans so I need a way to convert my private loans to federal. Please only answer if you are sure and can give reputable advice.

Is it possible to lower interest rates on private student loans? I got in a pickle while in college and had to take out $10,000 in private student loans....now it is kickin my butt! I can manage the monthly payment its just that 90% of the payment goes to interest. How do I go about going to another company? anything to lower this rate!! and Wells Fargo is not budging on the rate...its soooo high like over a 16%....any suggestions, advice?

How do i consolidate private student loans? A few years ago i racked up about 30000 with adjustable interest rates on 4 different private student loans (very bad decision) and id like to begin paying them off. Does anyone know how i go about consolidating them into one low monthly payment with a fixed interest rate? Thank you in advance for any input.

Which lender is the best for private student loans? I'm needing a student loan that can cover tuition and also RENT! I'm aware of Wells Fargo loans, however, the interest rates are outrageous. I've also heard of Sallie Mae, but I'm not sure if they offer a private student loan for rent. Along with the lenders listed above, are there any other good private student loans?

Can you consolidate private student loans? I have consolidated my non private loans. Is there a way to consolidate private student loans? If there is, do they base it entirely on your credit?

What is the best option for consolidating private student loans? I have both federal and private loans that need consolidation, I'll take any advice I can get. Thanks so much

What are the best private student loans? Who are the best lenders for private student loans? I already have information for federal loans and scholarships.

Who is the best bank or business to consolidate private student loans? My grace period is coming to an end for my loans. They are too high that even with the job I have, I can not afford to pay them all. I have two private loans that I am looking to consolidate. Actually I went through Key Bank to get the loan 4 years ago but for some reason they are split up between 2 different lenders now. I do not understand all the stuff they tell me over the phone when I call places to check on consolidating. Please HELP!!!

Are there any private student loans I can get for more than the cost of attendance? I'm going to a really expensive school and my parents can't help me out at all. I figured out how much I would need and then compared it to their calculated cost of attendance and it's in excess. Are there any private student loans I can get for more then the cost of attendance?

Is prime interest rate or Laibor interest rate better when colsolidating private student loans? I am consolidating my private student loans and some places have prime interest rate and others have Laibor inerest rate. Which is a better choice?

When should I apply for private student loans? I have scholarships and federal loans but I still need a little bit of private money to fill the gap for the 08-09 school year. When should I begin to apply for private loans.

What private student loans are still available? I need a private student loan that is disbursed directly to me, NOT the school. SallieMae no longer does this and most other institutions have stopped as well. So what is left? And DO NOT say Wells Fargo, Chase, or Citi.

what do you think of private student loans vs government student loans? what about the subsities for private student loans that cost the tax payer 4 time more than the goverment loans? oh dear i hope i didn't just kill all the republicans that read this, a goverment program that works better than a private one. how many republicans brains just exploded? student loans are not coverd under bankruptcy

What is a good loan consolidation program for Federal and Private student loans? I am looking for a good student loan consolidation program that will take on both my Federal and Private student loans from Sallie Mae. If you know of any good ones that you have heard of or used in the past, please leave a description or website so I can look into it. If you are a loan company, don't bother answering the question as I will mark it as Spam. Thanks.

Liklihood of chapter 7 bankruptcy for students with private student loans? I'm not asking for your opinion on wether or not private student loans should be allowed to be written off in chapter 7 bankruptcy. I'm asking what is the liklihood that it will be an amendment anytime soon? I'm curious because the democrats voted for that very amendment in Februrary 2008. Republicans voted against it overwhelmingly and were the majority so it was removed.

What private student loans should I beware of ? (What loans shouldn't I take out and why?)? I'm not eligible for federal loans so my only options are private loans I just want to pick the best private loans possible. Any suggestions ?

Should I get a house, pay off credit debt or pay off private student loans? I have about 30k in cash laying about in a low interest account (3%). I could use this to pay off my credit card debt of about 5k or pay down my student loans (40k - private@8%). Additionally, since prices in my area have come down I could use this to pay into a mortgage (no greater than 200k). With so many options which way should I go?

Is it wise to take out private student loans for cost of living? I'm moving out of my parents next semeester due to unfortunate circumstances. I want to still attend school at the rate of 12 credits. I already have federal loans that cover my education, is it wise to seek private loans for cost of living, or to risk my grades and work the extra hours at work?(I'll be working 32 hours a week)

What is the best lender to get private student loans from? Contact information? I will be starting school at Auburn University in Alabama. I need to get a private student loan for the purchase of a Mobil home near the university. This means that I need the entire amount in bulk and can't have a lender that disperses the loan through the school, bit by bit, as some lenders do. I have a great credit score and I need about $15,000. What lender will be the best as far as interest rates (LOW AS POSSIBLE) and will work the best for my needs? If its not to much trouble, please give contact information.

Are private student loans a good idea for my situation? Hey guys, . I filed my FAFSA and I am ineligible for any federal loans, so I would have to take out private student loans. I have a co-signer with pretty good credit (credit score over 700) and, here's the kicker, I actually do have the money to pay it, but it's in in the stock market (it would be at a higher interest rate though). However, I was thinking of taking out a student loan since you can make small payments over a long period of time. Nevertheless, it seems like many people regret taking out these loans in the first place. So, a few questions: 1. Is it a good idea to take out a student loan? 2. Which lender do you recommend (so far I"m looking at Sallie Mae, Citibank and Access)? 3. Is there an option for automatic bill payment with these student loan lenders and would this prevent me from having the interest rate increase? 4. About what interest rates can I expect for a private student loan? Thanks so much for all your help.

Who can I consolidate my PRIVATE Sallie Mae student loans with? Please provide any info on student loans. I have federal student loans with Suntrust and private student loans with Sallie Mae.

what bank are good for private student loans covering living expenses? i'm going to college next month and i need a private student loan that can cover my living expenses. i live in new york and it is much easier winning the lottery than getting a part-time job. what bank would you recommend for this type of loan.

Are private student loans relatively easy to get as long as you are enrolled? Since the repayment doesnt start till 6 months after graduation, I would assume it's easy to get the loan, am I right on this? My worst nightmare is to get accepted into a school and not have the private student loan accepted.

How can I transfer my private student loans to a credit card when my lender does not accept credit payments? I have about $46,000 in private student loan debt at ~ 9%. I want to transfer as much as I can to a low fixed interest credit card, such as the Blue Cash American Express card (4.99% fixed APR for the life of the balance). My lender does not accept credit card payments.

does private student loans effect the future financial aid of students for college? i just want to know if state and federal grants for college will be effected by the private student loans. for example, if private student loan is taken to consolidate credit debt in addition to college semester bill.

How does the IRS handle Private Student Loans? I am a college student and have $50,000 in private student loan debt. I recieved this money in a one year span and it came directly to me and then into my bank account. I use it for extra tuition fees, books,room & board, food, etc.. How does this effect me filing my taxes? Im still a dependent as Im 21 years old. But will this have any effect on me owing money (I filed for a tax extension by the way)? Thanks for the help!

How can I figure my student loan interest deduction on my private student loans? It was not included-1098!? Received a 1098 from Sallie Mae for my student loan interest deduction. It did not include the interest paid on my private student loans. The Sallie Mae website provided information that all of my student loans may not be eligible for the interest deduction. My interest was over $4,000.00. During a divorce ,while in college, I took student loans for living expenses, transportation, books, supplies and tuition. How do I determine the total deduction allowed? The 1098 reflects that $632.00 was reported to IRS. How do I determine if I qualify for the maximum deduction of $2500.00?

Are private student loans relatively easy to get as long as you are enrolled/accepted at a college? Since the repayment doesnt start till 6 months after graduation, I would assume it's easy to get the loan, am I right on this? My worst nightmare is to get accepted into a school and not have the private student loan accepted.