Private College Student Loan

CURIOUS: What are your chances of getting approved for Federal student loan consolidation? Also, Do debt consolidation companies include federal educational loans into the consolidation? If you have a federal student loan, and the loan company offered a 1800 # for a consolidation company to take the loan and pay it?

are there any lenders that do federal student loan consolidation? not private loans? it seems like there aren't any lenders that do federal student loan consolidation programs. Are there any out there? not private loans.so far it seems like the dept of ed has ended other programs. please help thanks Ruth. Can you ask your relative if it was a federal loan? New question, is it possible to debt consolidate federal student loans?? so there's debt and then student loan consolidation.

Can I withdraw an online federal direct student loan consolidation application.? I filled out an online federal student loan consolidation application, and decided against going that route. I filled out the application and promissory note on Friday. Will the DOE allow me to withdraw the application on Monday? The site: https://loanconsolidation.ed.gov/appentry/appindex.html

How difficult is it to get approved for Federal student loan consolidation? I completed an application already and am told it takes 30-45 days to hear back. As I'm waiting, I'm getting anxious as to whether or not I will be approved b/c I def cant afford the payments on the loans now. They are all federal stafford loans and in grace period. Is credit history a factor for approval? My credit isnt that good either. Thanks!

What questions do I need to ask to get the best rates and terms on a Federal Student Loan consolidation? Interest rates (Sallie Mae) will most likely be going up on July 1. I have received many, many offers in the mail to consolidate my school loans (these are similar to credit card offers). I do want to lock in at a fixed lower rate before rates increase. Currently, rates vary from 2.75% to 4.75%. What do I need to know to not get screwed? Are some companies more reputable than others? How would I find out? Are there hidden fees to be worried about? I graduate this June.

Where can I find information on the current federal student loan consolidation rate??? I see various rates online. Some as low as 4.7% but is there a government or official site with the information?

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 company offers the best discount incentives on federal student loan consolidation?

What discounts/incentives do you get on your federal student loan consolidation?

How does student loan consolidation affect the federal student loan interest tax deduction? Ok, some details: 1) I have a federal Stafford loan and several Wells Fargo loans which I'm looking to consolidate all into one Wells Fargo loan. 2) Before you begin, I couldn't care less about all these "benefits" that come with the federal loan. The only benefit I care about is the Federal Student Loan Interest Deduction. 3) I know for a fact that all interest accrued (and paid) on the consolidated loan WILL BE deductible according to the FSLI deduction, AFTER consolidation takes place. 4) What I don't know, is this: Currently, my unconsolidated student loans have accrued about $7000 of interest thus far. I know that if I don't consolidate, all of this $7000 will be tax-deductible when I pay it (up to $2500 a year). However, the big question in my mind is, will this $7000 STILL be tax-deductible AFTER I consolidate? Or, will only NEW interest acquired AFTER the point of consolidation be considered tax-deductible? Chapter 4 of Form 970 doesn't have this example anywhere. I tried calling the IRS directly to get a straight answer on this. The representative I talked to didn't know and said they'd do some research and get back to me. After three weeks, an extremely formal gentleman from the IRS called me and gave me an extremely vague and confusing answer. He said that it all comes down to the verbiage of the specific consolidation contract. If the contract states that the consolidation "combines the original principle and the original interest", then, that $7000 will not be tax-deductible. If the contract states that it "keeps separate the original principle and the original interest", then, that $7000 all still falls under the deduction. Unfortunately, that answer doesn't seem to jive with common sense based on what form 970 says, nor did I think to ask the representative, "what if the contract doesn't specify either of the conditions you gave?" Does the categorization of the interest default to one condition or the other? I don't know. The IRS rep referenced U.S. Code 26 section 126 in response to how his answer was formed. I looked through that code and despite the fact that it's written like trash I couldn't formulate any language which would stipulate that my $7000 would no longer be tax deductible after consolidation, but then again I'm not a lawyer. What I'm looking for here is somebody with real-world experience with this, and KNOWS whether or not this interest is still tax-deductible after consolidation. You would think this would be a fairly common answer, but yet I cannot seem to find anyone who actually knows. EDIT: tro, your information is incorrect. If the consolidation is only for qualified student loans, what you are saying does not apply. This stuff is all in form 970. This is what my consolidation contract states: "By placing an X here and signing below, I am certifying to the Internal Revenue Service that all of the proceeds of this Credit agreement will be used solely to pay off prior debt incurred solely for the payment or refinancing of qualified higher education expenses" Bobbie: I still WOULD be reciving form 1098-E from Wells Fargo after the consolidation. My questions do not surround this. My questions surround the $7000 of student loan interest that I've already accrued....

What is the difference between a student federal consolidation loan and a stud. private cons. loan? Is one a better option than the other?

what corp. has the best student federal loan consolidation plan? i am looking to consolidate my student loans, none are private and unfortunately i am yrs behind in this and my balance has increased a lot. any suggestions ???

Who should I use for Federal Student Loan Consolidation? I am looking to consolidate my Federal Student Loans in an effort to reduce my monthly payment (I am in the process of being approved for my first mortgage). Until recently, this wasn't something I was considering, but now having a lower monthly payment would be great. Any advice on a good company to go through for consolidation? How long does the process typically take? Anything else I should be aware of? I currently have about $41,000.00 in Federal Student loans (but also have private student loans) so...the lower the payments, the better off we will be. Thanks for your help!

Federal student loan consolidation scam? Alright, so this is my 4th question on the same topic and I hope that this time I will get a legit response. That means no advertisements of any sort. This question is basically a yes or no question. So here's the question: Does student loan consolidation requires 2 references? That means if someone wants to consolidate his/her student loan, are the consolidators going to ask for 2 references? The reason I asked is because one of my friends is asking me as his referencer for his loan consolidation and I am hesitate to do so because from what I know is that only entrance counseling have it.

What to do about student loan consolidation? Hi all. I graduated college last May and will begin repayment on my loans starting in November. I have 7 federal student loans, totaling about $62,000 and 1 private student loan totaling about $8,000. Many places are not offering federal student loan consolidation any more, and I only have one private student loan so it doesn't make sense to take out a private consolidation loan. As of right now, my payments are going to be about $800 monthly starting in November. I can't afford that! What can I do?

Where can I find information on student loan consolidation, both private and federal? I have about $50,000 in student loan debt multiple student loans. About half of my debt comes from federal loans (both subsidized and unsubsidized), and the other half is from two separate, private lenders. I graduate in May, but I can't find information on consolidation. I already have a full time job after I graduate, but making multiple minimum payments to different lenders seems a little ridiculous. Does anybody have information on how I can consolidate my loans into one loan? Most consolidation programs only let you consolidate your federal loans. Like most recent college graduates, I won't have any collateral to take out a "conventional" loan from a local bank. Also, I would like to do this from a company that will keep the loan classified as "student loan debt" to take advantage of the tax benefits. Thanks for any advice you can offer. ** I am aware of the pros and cons of loan consolidation. I would like to explore this option for having the convenience of one payment as well as having the option of a lower monthly payment

Is it possible to postpone student loan consolidation to wait for lower interest rates rates? I graduated 6 months ago with several federal student loans combining more than 40K. Is it better for me to consolidate now or stay put? Will the fed cutting lending rates (now 3%) affect the interest rates that loan consolidators offer? Will i be offered either variable or fixed rates if i consolidate?

Good student loan consolidation lenders? I am looking to consolidate my student loans with a federal consolidation loan. I know the interest rates are based on federal regulation, but I'm wondering about the other offers/benefits. If you have consolidated loans with a company, can you share personal experience about your lender--customer service, helpful website, quick loan processing, etc etc? Why did you chose your lender? Thanks!

Tackling Private/Federal Student Loan debt consolidation with 100% income? I have a plan this school year, to take out federal student loans, collect whatever grants and scholarships I can, and handle the remaining expenses with a private student loan from who I bank with (Wells Fargo). Then, consolidate those loans, and throw 90%-100% of my income at it automatically for the whole school year. All things considered, dorm, declining meal balance plan, tuition, and books. I'm looking at total expenditures amounting to over $18,000 USD I earn approx $15,000 USD per year at my current job. Living on campus would be cheaper for me than to continue staying in my own apartment. I figured that if I have things like living expenses already covered by the loans (food, dorm), and I only get like $50 for myself out of my paycheck, and the remainder of the money gets funneled at the debt... that would put my credit in a good spot to repeat the process for the next school year. In turn, if I do this all 4 years, and get my Bachelors in Biology, Id only end up owing about $16,000 after 4 years instead of nearly $100,000 like many students. The only thing Id need a little cash for, is transportation (I use my bicycle, and public transportation... car insurance is too expensive), and money for laundry, and a little pocket change to go to the movies with some friends on occasion. Thats why I would want about $50 from my paycheck or so. I think this plan can work, and I'd like any helpful input that everyone might have. Long-term, I intend to go to medical school and study to be a doctor (GP and cardiologist). I'm not interested in money. I want to do this, because I seriously believe that our government will NOT take the necessary steps to save itself from the "economic globalization efforts" that threaten the U.S. Dollar as our global reserve currency. I sincerely believe that we will find ourselves under the banner of the "Bancor" one day. If that happens, things are going to change in the U.S. I believe the welfare aspect of our country will be totally shot. No more "helpful handouts" for Medicare, Medicaid, etc. So I want to be a doctor in order to VOLUNTEER to help the population when those hard times come. People understand that doctors should be paid, even if they are so poor that all they can afford is to bake you a cake and give you their love. I'm attending Nova Southeastern University. Though I am considering going to a UNCF (United ***** College Fund(ed)) school (Bethune-Cookman?), after I finish my first year at NSU, to get access to more scholarships. I plan to get married. My girlfriend is still living with her parents in Richmond, VA. So maybe not till I complete my Bio major. Anyway, does anyone have any advice on my plan? To answer Mr. Buresh: Uh, thanks. I'm not actually in an "adverse" situation. I'm just looking for a few quick 2nd and 3rd opinions on my plan, and any extra ideas if someone has any.

What happens after you consolidate a federal student loan? When you include a Federal student loan into debt consolidation? What is the benefit of doing this?

What's the best student loan consolidation company? I'm looking to consolidate a bunch of my federal student loans. I get tons of offers in the mail, but what's the best company to consolidate with? (Or, on the flipside, which companies are horrible?) Looking for tips, advice, anecdotes, etc., etc.

What is the benefit of consolidating a federal student loan? What happens after you consolidate a federal student loan? When you include a Federal student loan into debt consolidation?

Student loan consolidation? How? When? I am due to start paying lmy federal student loans back in September. How do I even begin the consolidation process, or possibly deferrment of my loan payments for another six months. Any help would be great.

Help! What are my private student loan consolidation options? I have significant student loan debt. While I am currently awaiting approval for my federal student loan consolidation through a good company, my private student loan debt is just slowly multiplying. For the past few months, I have searched high and low for private student loan consolidation options, but apparently NOBODY offers private consolidation due to the "failing economy", as some Web sites put it. For the past 60 days, I have spoken to Salle Mae dozens of times, attempting to get them to help me with some sort of payment plan that I am able to afford, but they refuse to make my monthly payments any less than 1/3 of my monthly income. While I wish I made enough money to pay that much alone with rent, utilities, and food, I unfortunately don't I feel lucky to even have a job in this economy right now. Sallie Mae has been harassing me for the past 30 days to pay my now-overdue loan, still refusing to make payments even remotely affordable for me. I receive from them 5-10 phone calls as well as 4-8 e-mails daily, and each time I have told them if I pay what they are forcing from me, I woudln't have a place to live or food to eat, but their general reply is, "I'm sorry, then don't pay." This is my last resort, hoping somebody out there knows good ideas that would be willing to share them with me. If I don't make a move soon, they are going to start garnishing what little wages I have. Does anybody have any useful information that could help me out? I've tried private student loan consolidation with Sallie Mae, AES, and multiple companies, but nobody seems to be doing it anymore.

How do student loan consolidation programs work? Are they backed by the federal government?

Can I put private education loans in my federal consolidation loan? I was just called by Sally Mae; the very rude collection agent was demanding that I make payment immediately for my loan that is 60 days overdue. I am currently doing the paperwork for a William D. Ford Federal Direct Loan to consolidate all of my student loans together. The agent told me that would not take care of this loan because it is a private student loan not a federal. Is this true? What options do I have if any to get all of my loans consolidated together?

federal loan consolidation recomendations??? I need to consolidate my federal student loans. I have private loans out through sallie mae, but do not want to use them to consolidate my federal loans due to their poor customer service. Does anyone have any suggestions of consolidation companies in which they have been satisfied with?

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?

Recommendations for student loan consolidation? I have some private (none Federal student loans) that I am looking to consolidate. My original lender was Sallie Mae, but their consolidation program is on hold citing the economy as the reason. The only lender I can find still giving consolidation loans is Wells Fargo, but they require a co-signer, which I do not have. Has anyone else recently consolidated some private (non-federal) loans? I have a good credit score, I just can't find a lender that has not put their program on pause. thanks I am looking for reputable lenders, its so hard to tell what reviews out there are fake and which are real. Pope, whoever you are do not bother replying with that link you keep posting. Nothing about that website looks reputable. Please stop trying to take advantage of people. Reading through a lot of similar questions I see that there are lots of scam artists out there trying to push their sketchy sites on people. Please don't be an asshole and only respond if you are an impartial party.

will getting a federal consolidation loan affect your chances of getting graduate school loans? I have two jobs and still struggle to pay my student loans and for this reaosn I am considering a consolidation loan. Eventaully I owul dlike to go to graduate school. If I were to get a consolidation loan would that affect my eligibility for grad school loans in the future?

Are there federal consolidations loans that can be used for private student loans? When I joined the military I got as a benefit $20,000 to put towards my existing students loans. When I applied for it I found out that my private student loan was not eligible since it wasn't a federal loan. Are there are federal loans or consolidation loans that I can use to payoff sallie mae and then use the military money?

Student Loan Consolidation? Hey, I am wondering if I can do a federal and a private student loan consolidation because I have the federal loans which can be consolidated together, but I have a couple of private loans that cannot be joined in with those. So, can I consolidate the federal loans together and then do a private loan consolidation for my private loans, or Can I just do one consolidation?

need a good student loan consolidation company. any ideas? I need to consolidate my private student loans quickly. And possibly my federal loans as well. Need help finding an appropriate company.

Are there any third parties that can help with student loan consolidation? I have been using the online services of the federal student loan database as well as my various student loan servicing departments and am coming up with confusing and contradictory information from the various official and private websites, making it so that I am unable to enter the right info on my consolidation application. Is there anyone I can pay to help me make sense of it all? I know new laws about 3rd parties have come into effect, but I do not know what they are or how I can make sense of the incomplete info I find on the supposedly comprehensive student loan database (missing account #'s, interest rates, loan servicing phone number and addresses, etc.). Please advise.

are there any student loan consolidation plans that include perkins loans? Any plans/options out there for me to consolidate ALL of my federal student loans? Stafford, perkins, etc. I don't have any private just federal. Likewise what of the options would qualify later for income sensitive and/or income contingent repayment terms. I'm desperately trying to reduce my payment amount, currently $610 per month, in preparation to move into the industry I actully have a degree in. The base pay for someone with no experience like me is too low to afford rent + that payment + food. I'm paid sufficiently to almost cover all my expenses but my job is just that a job. I've worked here prior to graduating and now for a year post graduation. I hate dealing with the patronizing clients that assume I'm just dumb labor, ill never get a raise or promotion, it has nothing to do with my education r desires in life, I'm not even gaining experience sufficien to move on outside of this company, its basically pergatory. Anyways besides a million other problems I have with this employement it has boiled down to me taking drastic measures and between a 25-50% pay cut but moving to a more challenging and engaging industry that actually has room to grow and promote myself. But alas the education I pursued to gt me out of labor work has stuck me here forever because of the assocated debt. Anyways, the payments are my biggest budget item. If I can get those down I can maybe make the switch. Again I'm looking for a consolidation option that will inclue the perkins loans that I can later file for income sensitive or contingent payment options.

Where do I consolidation my high student loans? Recently my student loan was out of default and then transferred to another bank where it shows a double increase to my monthly payments. How should I go to consolidate them to a lower payment (Lower than 800 per month!! for 50 grand). Should I go Private or Federal Loan Consolidation? Any trusted places to contact and consolidate them? Much appreciated.

Federal Direct Loan Consolidation? I have recently signed up for a Rehabilitation program with the debt collector of my Federal Student Loan which is defaulted. I was told to contact the TSAC hot-line to determine if my taxes would be taken and applied to my balance...and it will be. I was referred to do a loan consolidation and instructed to file my taxes after the loan is consolidated. The loan is supposed to be bought by the loan consolidation company an will no longer be in TSAC's possession and I will have to make scheduled payments to the loan consolidation company. Therefore, the loan will no longer be in defaulted status and the government will have no means to take my income taxes. Am I missing something in this process (besides the interest, etc.)? Is this all the way true? I have been doing research and am a little confused. Please help. **No smart-aleck comments please...this is serious. Thank you***

student loan consolidation? I just exited my grace period and received my first student loan bills. I have a lot of student loan debt (all federal loans), and my goal is to pay them back as quickly as possible - hopefully within 10 years or so. Is student loan consolidation right for me? I'd like a lower interest rate, but I don't necessarily want to lower my monthly payments if that means I'll be paying my loans back 2 or 3 times over due to interest over 25 years. Thanks!

Companies that still do federal consolidation loans? I've heard that one of the things in the stimulus plan allowed for recent college graduates who are still in the grace period of their student loans (like me) to consolidate at a rate of 2%. I've tried to look into this more, but I can't even find a bank that still does federal loan consolidation. Do you know of any banks that still do this type of loan? I have good credit scores (756-789) if it helps/matters. Thanks.

Terrible Student Loan Consolidation Rates.? Calling All Finance Majors....... I have 6 student loans (federal) for about $60K total balance. One of my loans has an interest rate of 2.8% FIXED. Everything else is a variable rate, presently at ~6.8%. If I consolidate all loans, I'll end up with about a 5.875% fixed rate. If I don't include the 2.8% loan in the consolidation, I'll end up with two loans, the one at 2.8% fixed rate and the consolidated loan which will become a fixed rate at ~6.8%. The question - I want to preserve the 2.8% part of my student loan with a separate payment BUT I don't like the 6.8% consolidated fixed loan rate. Are there other alternatives to the rates offered by loan consolidation companies that offer less than a 6.8% rate? What have you smart gals/guys done to beat these over inflated rates??? Thanks for all advice.

Private Student Loan Consolidation? I have a Private Student Loan from a bank with a Variable Interest Rate. Since the rates are low now, I want to convert it to a Fixed Interest Rate. Is that a considered Loan Consolidation? What companies help with this and who do you think is best? I have found info for Federal Loans, but not for Private Loans which is what I need.

Private student loan consolidation help? I'm looking into consolidating my federal loans. If I submit an application to find out if I am approved, I will have to give the ok before the consolidation goes through, correct? I just want to make sure that by submitting this application they won't automatically approve me and then I'll be screwed if the interest rate sucks. I would just call the company, but I am at work right now and can't use the phone. Any ideas? I'm going through citibank.

Is there a way that I can consolidate a private student loan with a federal loan? I have a Signature Student Loan with Sallie Mae. When I joined the army part of the enlistment bonus I received was that the military would pay up to $20,000 toward my loan. When I tried to apply for the payments I was denied because my loan is a private loan through Sallie Mae and the army will only pay federal loans. I then tried to get a federal consolidation loan through the US Dept. of Education but that was denied for the same reason. Does anyone know of any way I can get a way I can get a federal consolidation loan for this?

Student Loan Consolidation...Help!? My husband is graduating from law school- Needless to say we've got some debt to repay soon. What companies consolidate federal student loans? What are the benefits to using these companies over just repaying FAFSA? Any advise is greatly appreciated.

what are the requirements for loan consolidation for student? If student has taken private or federal loan and unable to repay.

Can you use a student debt consolidation loan for personal use? I have researched online and am still not clear on how this works. I really need a personal loan to help out with some other bills and am no longer able to take my classes. I am now in deferrment on my federal loan and they don't do credit checks or anything for a consolidation loan. Just curious.

federal student loans? federal student loan consolidation

Student Loan Consolidation Companies? I am looking into consolidating my Private, Alternative student loans. I've already consolidated my Federal Loans. Aside from Citibank and SallieMae, what are some other loan companies?

Can I claim student loan interest paid by a consolidation company on my taxes? I recently consolidated my student loans through the US Department of Education. I got a letter (1098-E form) from Sallie Mae. They are one of the organizations that I consolidated money from. It shows $2000 in the student loan interest received by lender. I did not personally pay the interest, the federal consolidation did. Do I still get to claim it on my taxes?

Student Loan Consolidation Help Please!? I am a May 2008 graduate with a significant amount of debt. Because I transferred, I have over $50,000 in a number of private and federal loans from different companies in two different states. I just have a few questions about consolidation. 1. Can you consolidate both federal and private loans into one? 2. I just started working, so I don't make that much, do you think consolidation is a good option? I can make the payments, but it makes everything else a lot tighter. 3. If I consolidate, what companies can I trust? 4. What companies are best? 5. What if I go back to grad school later and need to take out loans again? Can I add to the consolidation? Or does something else happen? Any information will help. I am trying to be responsible and budget, but having a number of student loans is making things pretty difficult. Thanks in advance!

Federal Student Consolidation Loans and Credit Check? When you apply for a federal student consolidation loan, will they run a credit report?

Is federal student loan consolidation a good idea?

Student Loan consolidation help? I am going to be going into a two year paralegal program starting in the fall and I am pretty sure that I got the Stafford Loan for $3,500 and I got a grant for about $900. The Paralegal program will end up costing about $11,000 so I'll need to take out a private student loan. I find all of the financial aid and loans to be very confusing but I was looking at a private loan through Chase Manhattan bank that didn't seem so bad. I was wondering about loan consolidation. Are there any banks that will consolidate federal stafford loans and a private loan together to help you have a lower monthly payment? Chase Manhattan said you cannot consolidate a federal and private loan but I was wondering if maybe another bank would do that? Or is there another smart way to go about handling your loans after graduation? I'm just trying to think of the whole picture and plan for graduating. Also, when you take out a private loan it seems like they all have the variable thing going on..why don't they offer a fixed rate? Do you try to consolidate and get a fixed rate when you're done school? Like I said before...financial aid is very confusing to me. Any help would be greatly appreciated. Thanks!

Which banks refinance FEDERAL student loans? I have a federal consolidation student loan that is in good standing (not in default), but the interest rate is very high at 7.5%, which is much higher than private loans are offering right now. I've read on several loans that refinancing to get a lower rate is possible (not the same as consolidation), but I haven't found any banks that do this. I am not, I repeat NOT looking for a re-consolidation. A consolidation does not change your interest rate; it just takes a weighted average of the interest rates of your separate loans. I am not looking to consolidate separate loans. I'm looking for a bank that will pay off my single loan and give me a better interest rate, which is refinancing. Please do not respond with an answer explaining how consolidation works or saying that I'm not eligible for consolidation, because that is not what I'm looking for.

best student loan consolidation? who to contact to make minimum payments on outstanding federal student loans or forgiveness of loans?

What are some good Student Loan Consolidation Companies? I have $40,000-ish in student loans both Fed and private. I have Sallie Mae (shudder) and can not afford to pay $700-ish a month. Can anyone give me some info on where to get my loans consolidated please!?!?!

Can anyone get a student loan consolidation? If so, where? I have to start paying my student loans in November. Honestly, my credit is not good at all but figure it would not matter since these loans are guaranteed by the government. Please let me know where I can get a consolidation where credit doesnt matter!! Thanks :) For clarification, all of my loans are federal subsidized and unsubsidized stafford loans...

Private and Federal student loan consolidation? I have one more semester left before i get my Bachelors. I have both private and federal student loans from many different lender...i think four in all for the private ones. Ive been looking around for companies who consolidate private student loans. Does anybody have any advice for me about where to go to do this? Both private and federal. I know they have to be consolidated separately. Also, i heard that you may not want to consolidate as you forfeit certain borrower benefits such as forbearance, ect. Does anyone have any advice?

Private Student Loan Consolidation? So I am going to be going to school to be a helicopter pilot and there are only two companies that I can get student loans through (Federal Loans are not available to this school). I was originally approved for 75k with Penn Security (Through TERI) with Prime+0 interest. TERI filed for Chapter 11 and will no longer fund my loan. Wells Fargo has given me an interest rate of 7.99+Prime on 25k per year. I will need this loan plus a loan from Sallie Mae for 20k as well. My question is can I consolidate after I'm done with school so that my interest rate isn't as high, because that's outrageous. I can't afford to go to school with that high of an interest rate. Please only answer my question and don't tell me to go to a different school or try another lender. I only have two lending options and I just moved 300 miles to go to this school because I was already approved with Penn.

Are there any companies still doing PRIVATE student loan consolidation? If so, any recommendations? I have called at least a dozen places whose ads claim that they do private student loan consolidation. But when I called, every single one of them said they had either temporarily suspended or canceled their private student loan consolidation program due to the subprime mortgage crisis. Nearly all of them offered to consolidate my federal loans but I've already done that. A few of them actually named other places they thought were still doing it but when I called them, those places had also suspended their programs. So, if anyone out there has had recent success with consolidating their private student loans, please let me know. Thanks.

Is 9.5% ridiculously high for a student loan consolidation...should I take it? I am paying one consolidated federal loan, and I have 4 alternative loans about to begin. The only interest rate I can get (without a cosigner) is 9.5%...Should I just do 5 payments a month? That's a lot of $$$ for a recent grad! What would you do? If I take the 9.5%, over 20 years I will be paying about 35,000 in interest. That just seems ridiculous to me...

What are the current student loan consolidation rates? What are the current rates, and with the fed cutting rates, what are the chances the student loan rates will decrease as well? And if so, when?

whats the best way to go about student loan consolidation? I have a bunch of student loans and i get a lot of junk mail about consolidating. Who is the best to use for consolidating? What type of payments and interest rates can i expect. I have about 8 different student loans out there, from 4 years of school. Some are private, some are federal.

My student loans are 70% federal/30% private. How should I consolidate? Since I can't consolidate my private loans under the a federal consolidation loan, should I take out one big private loan? Or should I consolidate my federal loans under one loan, and consolidate my private under another? Also, am I able to take out more than I need on a consol. loan and pay off my credit cards with it? Can it technically be done?

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.

No more consolidation for student loans? So, I just graduated and found out that my lender no longer does federal consolidation loans and my payments are outrageous. Of course, bad investements on my part long ago. Are there any other options? I could use the graduated repayment plan but that is still pretty high and can go up after two years. I'm worried that with the current job situation, I may not have a job in those next two years. Any advice? Any lenders still doing this? Help! Btw my lender is citibank.

Federal consolidation loans? Hi, I'd like to know if anyone knows about federal consolidation for student loans. Could someone please tell me exactly what a consolidation loan consists of, and how you know if you're eligible? How recent of a college grad do you have to be? If you can help me, thank you!!

Is it possible to consolidate both federal and private student loans into one consolidation, or do I have to? do it separately?

I am being constantly harrassed by Student Loan Consolidation outfits. What is the ripoff or horror of this? How can a person consolidate their loans clear down cheaper than the federal government originally offers it for? There must be a catch for these companies to make money, right? Are these set up like credit cards, where you have to pay on time everytime and if you miss a payment and try to make up for it by sending extra, they'll add on their fee and raise your interest to whatever they want to charge? Does it lock up everything you own as well?

Should I consolidate my federal student loans? I have undergraduate and graduate loans with interest rates over 8.02%. The amount of the loans are also significant. I know I missed the deadline for the rates at the end of June. But should I consolidate at this time? I am having a difficult time finding permanent employemnt also. Are there deferments/forbearrances with consolidation? Also, which are the best consolidation loan bearers (hope that's the correct term) to choose.? Thanks all for any assistance provided.

Student Loan Consolidation- benefits and good companies to do it through? I have roughly $68,000 in private loans at a variable rate (currently 6.15%) and an extra $15,000 in federal loans at a rate of 4.15%. Right now my monthly payment is about $800. I'm able to pay it, but obviously it's very high and would like to decrease it if possible. I see a ton of places offering to consolidate, but don't know of one that won't try to screw you over. Also, is a good time to do it now, wait a little bit or what?

Student loan consolidation question...? I have a government loan (the Ford Subsidized Loan) and a private loan (the SELF loan). I was told that I couldn't consolidate with a federal and a private loan. Is this true? Can anyone give me any insight to student loan consolidation? My loan payments will be starting in early December for the Ford loan, so I would like to figure it out ASAP. I have an excellent credit rating and I have always made my loan interest payments on time. I don't know if that helps or makes a difference. Thanks!!

When is default status removed after consolidation? I recently consolidated old federal student loans. The consolidation is official and completed tommorrow. How long does it take before the default status comes off your financial aid record and does the consolidation company remove it or does the loan guaranteur that the consolidation company bought it from?

student loan debt consolidation? i need advice! can i consolidate my federal loan debt with my husbands? can we consolidate our private loans? we're making student loan payments each month that add up to about $600 on five different loans: my federal, his federal, a parent plus loan, a private for him, and a private for me. its too much! i'm not sure what to do, but i'm worried that some day it will be too much and we'll be broke. (yes, i know i need a second job, i'm working on that)

How could I achieve student loan forgiveness? I am graduating with a master's degree in civil engineering in May 09 and I owe $50,000 in student loans. They are all Federal Staford loans; half unsubsidized and half subsidized. I've seen partial loan forgiveness programs for the state of Missouri. However, I live in Texas so this doesn't help my situation at all. Any thoughts (excluding loan consolidation)?

What is the best way to manage multiple student loans? I need to find someone to talk to about student loan consolidation, for both federal and private loans. What would be a good resource? I inquired at my bank but they don't handle this. I should add that I'm trying to get away from Sallie Mae, I heard a report on NPR about how much money they make from interest rates and I don't want a financial relationship with them anymore.

Question about student loan repayments? What options do u have if u cannot afford to make student loan payments? Would consolidation be a wise thing with 3 seperate student loans? Plus they are not federal student loans, my mistake there. I really need some good advice, I worry myself almost everyday. Payments don't start till after Christmas. Before any goes and tells me to get a job again. I work over 40 hours a week. I do have a job. I worked while going to school too. I am just looking for a way to not mess up my credit and be able to pay my loans.

Looking for Student Loan Consolidation now that Sallie Mae isn't offering it anymore.? I consolidated my student loans through Sallie Mae a few years ago, and I recently convinced my roommate that this was the right thing for him to do, too. The only problem is that Sallie Mae is no longer approving consolidation of student loans. I was wondering if anybody knew of another well known company that would consolidate both federal and private loans. I'd prefer that these not be any sort of sketchy or unknown companies, and would rather not sign up for one of those services that distributes your information to different companies - I want to be able to go directly to the source. I was thinking that perhaps Citibank or Chase would have an option like this. Anybody know of a great company for consolidating these loans? Thanks.