Private College Student Loan - Sallie Mae Student Loan Consolidation Knowledge Base

Sallie Mae Student Loan Consolidation Knowledge Base

Looking for a student loan consolidation with excellent customer service. Any recs? I hate Sallie Mae.? My student loans got sold to Sallie Mae. I hate their terrible customer service and the fact that their customer service people barely speak English. Has anyone had really great luck with another big company?

Sallie Mae consolidation of private student loans debt.? I currently have $73,000 in student loan debt from undergrad/grad through Sallie Mae. The interest rate is 9%, and my montly payments are outrageous. After the capitolized interest, I will be paying close to $140,000 after 12 years. My great grandchildren will be paying this debt long after I am gone. What is the best way to consolidate this debt and get a lower interest rate and better monthly payments. I am living in hell right now. Any advice would be greatly appreciated. Thank you.

What are the best private student loan consolidation companies? I am getting ready to pay back my Sallie Mae student loans and they are expecting me to pay approximately $500 per month for my private loan. The only other alternative they gave me for a lower monthly payment was the Interest Only option, which I have heard is a horrible choice. Given today's economic condition and the difficulty of college graduates finding jobs, I don't know how they can expect people like myself to pay $500 per month. Are there any private consolidation companies out there right now that can significantly lower my monthly payment? Thank you!

Why does Sallie Mae require a cosigner for private student loan consolidation even with good credit? It absolutely makes no sense. Even with superior credit you are still paying through the roof! "If you have a superior credit history and a cosigner on your Private Consolidation Loan (or a cosigner with a superior credit history), your interest rate could be as low as Prime – 0.50% (6.75% APR) with no origination or disbursement fees. If you have fair credit history and no cosigner, your Private Consolidation Loan interest rate could be Prime + 6.5% (13.75% APR)." I worked so hard to build up a good FICO score and need a good consolidation rate. My parents have awful FICO scores. What should I do?

Can someone give me advice about private student loan consolidation? I currently have Sallie Mae loans. As many of you know they will take you to the bank on interest and other fees. Does anyone have any advice on who might be willing to consolidate these god awful private loans. I don't want to be in debt forever! Any great advice is greatly appreciated!

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 to do with Sallie Mae student loans? I just recently graduate, I have about 70k in Sallie Mae loans and about 25k in interest so far. My monthly payment will be 1013. I can afford this, but would like to lower my monthly payments to have some more wiggle room in my budget. Sallie Mae does not offer student loan consolidation, and any questions I've asked of them are never answered, they just try to sell me on the 'interest only payments' options instead of helping me figure out how to pay off my entire school bill with a lower monthly payment. I work in the telecommunications industry and got a great job with a starting salary of 55k. My rent is 1200 a month, including utilities. I have to pay my credit card bill with a minimum of $500 a month so I can pay it off in 14 months (if I don't use it.) Any financial advisors out there? Please help!

Why are Sallie Mae Tuition Answer loans ineligible for consolidation with Direct Loans? I have several student loans that I used to pay my way through a BA degree and an MA degree. My BA degree was paid with Tuition Answer loans from Sallie Mae and my MA degree was paid with Direct Loans (W.D. Ford Federal Direct loans). I'm wanting to consolidate all of my loans so that I only have ONE payment to make a month and ONE interest rate to contend with. I started the consolidation process with Direct Loans because they are the easiest to deal with; however, I received an e-mail today stating that my application has been canceled because Sallie Mae Tuition Answer loans are ineligible for consolidation through the Direct Loan program. Why? They didn't give me a reason. Before I started the consolidation process with Direct Loans, I had inquired whether or not Sallie Mae would pick up and consolidate my Direct Loan so that Sallie Mae would then be the overall loan "god", and they said no (again, no reason provided), which is then why I started the process with Direct Loans. Direct Loans consolidates with other Sallie Mae loans, why not Tuition Answer? Are there loan companies out there that will consolidate BOTH loans? This is getting ridiculous. All I'm getting is the runaround from both companies and no one can seem to answer my questions, and of course, neither company is willing to give up their "rights" to the loan payments, so they're not giving me information on other loan companies that WILL consolidate both my Direct Loans and my Sallie Mae Tuition Answer loans. Has anyone else had this problem? Were you able to fix it so that you could consolidate ALL of your loans? What company did you use and are you satisfied? Any help that anyone can provide would be greatly appreciate it. Thanks! ~Megan P.S. I would appreciate it that if you do not know the answer to ANY of my questions that you wouldn't post a bunch of nonsense that in no way pertains to my questions. I'm tired of people just posting on here in order to get more "points" and whatnot. If you don't know the answer, please do not waste your time and my time and just DON'T post on here. Thank you. Is there a way to change a private loan into a public/federal loan that will then allow it to be consolidated?

Student loan consolidation? I applied for a private student loan consolidation from Sallie Mae but they said I didnt meet their credit requirements. Which is weird because I have a cosigner who has great credit. I do not know where to turn next or who is a good company to consolidate my loans. I know that I need this to get done ASAP because I have already started making payments of almost $400 a month!! Any advice?

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.

student loan consolidation? I ‘m writing because my wife and I need to know the best way to consolidate her college loans. My wife graduated in Dec. and its time to pay the piper. She has some low interest Sallie Mae loans but the problem is the remainders of the loans are unsubsidized Stafford loans with Citibank. $26,000.00 at an average 6.8%. The monthly payment will be difficult for us to make. We’d like to consolidate but don’t know where to look for the lowest rate. I know some bills in congress are aimed at lowering these rates. We have received solicitations from different loan brokers but they don’t leave me feeling like they're looking out for us. Is it worth it to consolidate now if we'll only be switching lenders when (if) the bill in congress is past? Where can we find information on student loan consolidation rates in an unbiased, consumer advocate atmosphere? Thanks for your help

What are some student loan consolidation companies for me to try? I have student loans I need to consolidate? My student loans are through Sallie Mae and they charge 100 dollars to get a forbearance on the loans so I need to consolidate with a different company.

Private student loan consolidation? My fiance currently has student loans through Sallie Mae and they are a big RIP OFF!! Is there a PRIVATE loan consolidation program that anyone knows of? We can't afford to pay $500 a month just in loans!

What is the Best Student Loan Consolidation and possible incentives to sign up? I have a series of student loans - a few from Direct Loan Servicing Center, Nelnet and Sallie Mae. How can I get these consolidated with the best rate and are there any cash back perks or other incentives for consolidating these loans?

What are some good Student Loan Consolidation Companies? These crooks known as Sallie Mae have screwed me. Two years ago I started receiving my student loans, and the interest rate at the time was only 2%. I even have a sheet of paper stating that. My total in loans was $42,000. I get my statement in the mail last week and suddenly I owe them $57,000 and they jacked up my interest rate to nearly 18%. I nearly cried. I called Sallie Mae right away stating, I cannot pay $688.00 a month it is just ludicrous. I only have a couple more weeks to find a cheap, but very respectable loan consolidation company. My sister uses Nelnet, but they haven't gotten back to me yet. For all of you college graduates what is a cheap, but VERY respectable and honest Student Loan Consolidation company? You can email me with details if you'd like. Thank You.

Trying to be supportive BF: How can my GF find out about all her student loans, and a consolidation option? My girlfriend just graduated and is stressing out about her loans. I don't know much about the details of her loan situation, and she isn't 100% positive about it either. She has a number of loans (let's say 7) out: 2 Federal Stafford loans 2 Great Lakes Loans 3 Michigan Mi-Loans Now, looking at Sallie Mae's loan consolidation application I don't see an option for "Great Lakes" or "Mi-Loan", only Stafford loans. So does that mean that a company such as Sally Mae can't/won't consolidate these "mi-loan" and "great lakes" loans? If not, how should she go about consolidating her loans? Also, on the "Great Lakes" website along with the two loans she has, there are two other loans for 2750 each that say, "Not yet disbursed". Disbursed = payed out or distributed, so I assume that this means she perhaps applied for the loan, but never actually took the loan? Thanks for any help, sorry for being totally ignorent. I was spoiled (and then got a great paying coop!).

ADVICE needed: A LOT of Student LOAN CONSOLIDATION...........? Hi everyone. I have loans from college and 3 years worth of medical school (I did not finish). Most college loans were Direct Loans or Stafford Loans I think, and almost all my med school loans were from Sallie Mae. I also have a few private loans that helped pay for school. I know next to nothing about student loan consolidation, so can anyone explain how it works and/or give some wise counsel and advice? I'd greatly appreciate it!!

I have a student loan in my dads name b/c I wasn't able borrow enough. He consolidated w/ sallie mae. HELP!? the interest rate is pretty high 7.5% as compared to my other loans I was able to get 6.0% rate. What's the best way to get rid of sallie mae? Sallie Mae no longer allows consolidation and I want to put that loan in my name so at least I can write off the interest on my taxes. It is pretty frustrating at this point because I can't come up with a good alternative on my own. Any suggestions?

I need a fixed rate private student loan consolidation company ...? I know this topic has been beaten to death, but I can't really find the best answer. I have about $65K in private student loans from Sallie Mae. I am looking to consolidate them in a fixed rate. I am getting concerned that rates will soon be on the rise and into double digits to curb the coming inflation. My credit score is around 780. I do not own a home so I can not use a home equity line to pay them off. Any suggestions or does anyone know of a bank or other financial institution that offers fixed consolidation? Thanks in advance!

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.

What's the difference between student loan consolidation companies? The guy on the phone is telling me that they all offer the same deal and the same services, but I don't believe him. Does it matter if I go with Academic Financial Services (AFS) or Sallie Mae or any other company, or are they really all the same?

Student Loan Consolidation? I'm just about to graduate from a private college and have a good amount of debt (private and federal). I have been looking into consolidating with Sallie Mae (most of my loans are through them) and it seems like a good deal. However, I also get consolidation mailings from companies like NelNet and Student Loan Xpress and was wondering if anyone has dealt with them before. SM and the other companies all compute your interest as a weighted average so they seem pretty similar. Specifically, StudentLoan Express (a CIT company) says I can get a rebate AND deductions off of my interest rate when I do an automatic payment. I'm just wondering if anyone has used these companies and/or places with rebates. I don't need too much detail with interest rates and such because I understand all of those things (finance major) but anything else would really help. 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.

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.

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?

Consolidation loan for student loans? I have bad/fair credit. I'm sorta on the boarderline score wise. Where can I get a consolidation loan so I only have to make one monthly payment instead of 3? I owe Sallie Mae, Wachovia, and a balance with my school. Will a consolidation loan take in the balance I owe the school?

Old Student Loan; Old Consolidation; High Interest; High Payment; No OUT? I consolidated my student loans through sallie mae several years ago (before the great interest rate reduction). i can't reconsolidate. is there anything else i can do to lower my payments?

Consolidating more than $100,000 student loan debt...? Like a fool, I went to a very expensive school that I could not afford, but got the tuition from Sallie Mae. They are a terrible company and I do not want to work with them anymore. My question is: What would be a good company to go through in consolidation all my Sallie Mae loans? I know I would most likely need a co-signer, which I don't have. I didn't know I cout try to re-negotiate the interest rate. They haven't been the nicest company. After my co-signer forgot about approving one of the loans, he had me (sort of unintentionally) accused of identity theft. It wasn't the kind of thing that involved law enforcement, it was just with Sallie Mae. I explained the situation to them and they always flat out refuse to work with me on any issue. I was just on the phone with a rep a little while ago and she asked me why I'm having trouble paying the bill. I explained to her how difficult it is to pay more than a thousand dollars per month while working part-time. She just paused for a second and then asked for the money.

My student loan interest rates are killing me! Are there any options to lower my interest rate? After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private. Unfortunately, I did this at the exact wrong time and my federal loans are locked in at an interest rate of 6.65%! And without my parents' credit history, the best interest rate I qualified for on the private consolidation loan was 9.75%! Do I have any options for lowering the rate on either loan?

Is it wise to consolidate student loans thru sallie mae when you took them out with them in the first place? I understand all consolidation rates are set by the gov. so it shouldn't make any difference who you use to consolidate with.

How can i deal with these sallie mae student loans? I have some private student loans through sallie mae a total close to $140,000.00 they have gone into default and ive tried to contact them to try and come up with a solution for repayment but they want $1900 a month regardless....needless to say I have never had a job where i could even spare close to that amount of money per month me and my wife have 6 kids and I recently lost my job so what do I do to get this resolved...consolidation wouldnt help me since i still probably couldnt afford the payment and these guys dont seem to want to work with me on anything, i even offered $50 a month just to show im willing to try and they still told me no, anyone have any suggestions?

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?

About student loan consolidation? I have 2 student loans. One of them is through American Educations Services, and the other one is through Sallie Mae. I'm having a hard time keeping up with both of them along with my other bills (rent, car, insurance, etc.) What is the best way to go about consolidating them together, or is that even possible? Thanks in advance.

Student Loan Consolidation--can you switch companies after consolidating? I consolidated with Sallie Mae last year. They suck. Late charges for no reason, web site not updated, have to apply for deferment over and over again ... can I leave them and switch to another company?? Thanks for any help.

Can you help me with my student loan payments? I seem to have 3 payments coming up Jan 22 Feb 14 April 04 Now I dnt mind paying them back , But the interest rates are way High . I dn't know what was going on , because i don't know how to put this , but I was going thru a rough time during college. I had no friends , no social life and isolated. I was going through depression . Good thing I found out a year ago what had happened to me , So now I am trying to get my life straight starting with my credit/a job/ moving out and finally being debt free and following my intuitions. The student loan thing doesn't seem to be helping much in my "being free" idea , because I called every one of these corporations ( Citi bank , Sallie Mae , and my federal loan consolidation company ) On average I would have to pay for 15-25 years before all this debt is being paid off. Do you have a similar situation or is mine really unique . I am trying to get a clearer picture because most of my papers and applications were filled out by my parents_ and brother , which I hated , because they controlled my life , I was clueless of what was going on which now I am trying to get out of..

What is the best way to consolidate my student loans? So I have a bunch of federal loans through Sallie Mae and two small private loans, and they want me to pay X amount each month for each loan. What is the best way to consolidate these so I am only paying one payment a month? Go through a bank? Can Sallie Mae do a consolidation?

Removing Yourself as Cosigner to Child's Student Loan? My neighbor signed as a cosigner to her son's student loan. The son has graduated (nearly 1 year ago) and has moved away. He is now not paying his student loans on time and the creditor, Sallie Mae, is now threatening to report negative payment information to the parent's credit file at the bureaus. Is there any way of removing yourself as a cosigner to a child's student loans ? Can the son do a student loan consolidation and drop his parent as a cosigner ?

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?

How does dept consolidation work? My friend is being harassed from creditors for 16 student loans that he has.? He is being harrassed for student loans that he needs to pay........but he cant because as many other Americans, he is currently unemployed. He was given 16 individual loans from Sallie Mae in order to complete the money he needed to pay his classes. Usually this does not happen, but in his case, he has 16 individual accounts he has to deal with. He already qualified for defferment, but is there anything he can do?

Is it wise to "waive my grace period" for SallieMae? By submitting this form, you are formally authorizing that Sallie Mae take the following actions* on your behalf: Place your eligible federal education loans that are owned by Sallie Mae into repayment status, contingent upon your receiving a Sallie Mae Consolidation Loan, and send you a repayment schedule. You understand that you are waiving the grace period that was available on your federal student loans that you intend to consolidate.

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?

Is anyone consolidating student loans now? I just got my first bill from my 3 student loan lenders, and my monthly payments equal about $800 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 ANY suggestions on what I could do to prevent defaulting on my loans?

How can I use my Army Student Loan Repayment Program money? So when I joined the Army, one of the benefits I was given was $20,000 for student loan repayment. When I applied to use the money for my outstanding loans, my request was denied because the loans were through Sallie Mae and were private loans and The SLRP is only for federal loans. This was not mentioned when I was enlisting. So I went online and applied for a federal consolidation loan through Federal Direct Loans and then I planned on using the SLRP money to pay the consolidation loan since it's federal. Then that was denied, also because my original loan was private. I'm not in dire need to use the SLRP money and I have no problem making the monthly payments but if I was given this money to use I figure I might as well use it right? Does anyone know of any other way I can use the money or change the type of loan I have? Any help would be greatly appreciated. Thanks.

who can help me fight my student loan issues? the sallie mae people totally lied and ended up doubling my loan due to consolidation. I was told about loan forgiveness and then after I worked in a critically shortage area I was told my loans were taken out in the wrong year. Now they want to garnish my wages. What can I do?

What should I do with my student loan? I just graduated back in May with total student loan debt of around $35,000. Of the two loans, one is a direct student loan and I am able to make those monthly payments because they are affordable. The second is a Sallie Mae private student loan and has ridiculously high monthly payments. I have looked into consolidation through the Dept. of Education, but they do not offer consolidation to private loans. I have contacted Sallie Mae on multiple account via phone and mailing letters. They are not working with me. They refuse to lower my payments. What Do I do? Is there another company that could consolidate both my loans and help to lower my payments? I truly have no idea what to do! Any information would help ;)

what is a student consolidation? I have a student loan out with sallie mae and I owe about 5 thousands dollars because I graduated and now I am attending a community college and I was wondering can I consolidate my student loan. I need some information on consolidating a student loan and what really is a student consolidation? And I am a month late on paying back my student loan with sallie mae its not in default. any advice

Student Loan Repayment and Consolidation? Hello everyone! I just graduated and have about $100,000.00 in total student loans including Govt. subsidized / unsubsidized Stafford Loans and Private loans. About $50,000 is in Stafford loans with an interest rate of 6.8% and $50,000 in "Signature Private Loans" at about 10%. They are all with Sallie Mae. I'm in the 6 month "grace period" now. I'll be going to graduate school starting this spring (in seven months) Any advice on if/how/with who I should consolidate my loans with and how do my interest rates look. Any ways to get them lower? I have great credit, a co-signer with great credit and a full time job. Any help on figuring out the best way to pay this stuff back/make my payments lower, would be great. Any other advice is also welcome /and/or personal stories from those who have gone through this process. Thanks!

Consolidate Private Student Loans with Bad Credit? I have 2 private student loans totaling around 23k with interest around 16%. They are currently with Sallie Mae (ugh) and they don't offer consolidation anymore. Are there any other places I can go for private student loan consolidation? I have a credit score of 570 (I know it sucks). I've done searches forever and seem to find places that are scammers or for good credit.

Sallie Mae has f*cked me over!!!? I've sent letters, called, etc., I'm being ignored because they f*cked something up my student loan consolidation big time!! I actually have 2 questions regarding this student loan wh*re: 1) can someone help me find a phone number for a complaint department? every time I call the regular customer service number I get someone in India giving me the total run-around. 2) once they figure out how to fix what they f*cked, can I transfer my loans to a regular bank or credit union, or does it have to be with a "student loan provider"? Thanks! And tell your friends, Sallie Mae is EVIL!!! Thanks for the help so far everyone! But the problem is more complicated than I let on, I suppose, because there's actually another provider involved, and so the supervisors have been useless as well... I'll try to be brief: when I got my masters degree i tried to consolidate those loans with my undergrad (2 different companies), sallie mae says they made all the payments to the other place, other place says they didn't, so now other place expects me to pay off the remaining $9,000!!! so how do i end the he-said-she-said kind of crap and get someone to help me? thank you everyone, I'm so glad I'm not alone.

Are there experts that can help you with and negotiate with a student loan? I have a student loan that is in default. I have 2 loans and am paying on the other. That loan is a payment of $87 a month. If i were to pay on the other, that payment would be $210 for 10 years. That would be $297 a month. My income is as such that i cannot do both. The collector wants me to sign a promissory note and do a consolidation of the 4 loans. Who does this benefit? They said the consolidation helps on your income taxes so they do not garnish your wages. Currently I have no income and will not file next year. I have been unemployed since 2005 and I did not ever complete a deferment/forbearance so the interest has just kept piling up. There are 4 separate loans for the same college: $3,500 $4,000 $3,500 $4,000 $15,000 total $17,579.45 is the Principle Balance Outstanding $22,441.23 is the total debt including Collection fees. 2.48% interest (at $1.20 a day) The original loan provider Sallie Mae said they will not nogotiate with me and to only deal with the debt collector. The debt collector told me to talk to Sallie Mae about reducing some of the collection costs. Are their experts in this area that can help handle and or give advice on this?

Does anyone know of a grant program for student loans? Not debt consolidation, but debt repayment.? Like most people, i didnt read the fine print and now sallie mae has my balls in a vice. I need to know if anyone knows of a federal grant program that will pay off my debt to sallie mae? This question has been posted before, but it seems everyone always points you in the direction of "debt consolidation". My goal is a program that will fully pay off the loan. Any one got some wisdom?

Defaulted Student Loans - Consolidation (Long Question)? I've been in default on a few federal Stafford loans for a few years that were originally through Sallie Mae, but for the last 11 months I've been making payments to a company called GC Services which is listed as the company that Sallie Mae sends defaulted accounts to. I've rehabilitated my loans through GC Services and now they want me to consolidate these two loans, but are asking me to pay an 18.5% collection costs along with my consolidation. I've looked into a Federal Direct Consolidation loan through https://loanconsolidation.ed.gov, and it appears as though they offer everything GC Services does, but without the extra collection cost. The only issue is that I might have to rehabilitate through them (?) but they say I can do that in only 3 payments. So I've got a few questions: A) Is there any reason that I would be forced to go through GC Services rather than through a Federal Direct Consolidation loan? B) If I can get a Federal Direct Consolidation loan, what happens to the payments that I have made to GC Services over the last year? C) In order to fill out an application for a Federal Direct Consolidation loan I need to have my account number and my "Loan Holder/Servicer Name", but I can't contact Sallie Mae for that information because according to them GC Services has all of my accounts, but they list my account number as my social security number. How do I get this information or is my Social Security number good enough? D) On the NSLDS website ( https://www.nslds.ed.gov/nslds_SA/ ) when I look at my loans, it lists information for a "Current Servicer" which is ACS, a "Current Lender" which is Bank of America, and a "Current Guaranty Agency" which is Northwest Education Loan Association, which of these should be listed on my application as "Loan Holder/Servicer" under "Loans I want to consolidate"? There is a reason I have been ignoring this problem for so long, I just don't know how to handle it! Any help would be greatly appreciated, and if there's any other general information regarding this please let me know. Thanks! I asked if there was any reason I would be forced to go through GC Services, but I should also ask if I am right in thinking that they are the same thing but with an extra 18.5% collection cost. Is it smart to try to go through the Federal Direct Consolidation loan instead or should I just stick with this company?

My student loans have already been consolidated, but I want to reduce my interest rate? Any options? My student loan was consolidated in 1998-1999. They are stafford loans, used to pay for my law school education. My interest rate is at 8.25%, and apart from decreasing the interest rate by .25% with online payment, Sallie Mae/Bank One has offered me no other options, since my loans are already consolidated. Any options, other than to take out a new private loan for consolidation?

Should I consoidate these student loans? I currently have about $30,000 in federal student loans consolidated w/Sallie Mae at an intereste rate of 4.5%. I have another loan not w/Sallie Mae for a little under $6000 at a rate of 6.8%. SallieMae is trying to get me to reconsolidate my loans and add this loan into it, and lock me into a rate of 5.25%. My questions is, is it worth it to raise the rate on the 30K by 3/4% just to get a better rate on the smaller loan? Should I do this consolidation?

want to consolidation student loans? I am a co-signer on my husbands student loan her has 2 with sallie Mae"hate them" The interest rate is crazy and basically we just want to be done with them. I have read about consolidation student loans and it sound like it would be a great fit for us. my question is what are some companies that do consolidation and since i am the cosigner and my name be taken of if he consulate's

Loan consolidation question? I have student loans but not federal ones that I'm paying back. I was wondering were I can go to consolidate them. Is Sallie Mae the best choice?

Student Loan Consolidations..... please help?!?!?!? Hello, I know there are a lot of questions about consolidations, but I also know that things are always changing, and I have zero knowledge about consolidations. I have about 50k worth of loans including stafford, and private (mostly private). I know sallie mae used to consolidate but are not anymore, I've heard wachovia is good. Please any info will help: which banks or lenders, etc are good, which should I stay away from, what should i look for, pretty much any information you could give me on the whole process, I would greatly GREATLy appreciate it. Thank you so much in advance!!!

Switching lenders? Student loan repayment....? Hi, back in 06, I was mislead by Sallie Mae through the consolidation process (another story all together) and long story short, I have did not consolidated my stafford loans. It equals to about 22k. My question is, since I am extremely dissatified with Sallie Mae's service and dishonesty so far - can I switch to another company now and maybe consolidate at a later time?

student laons/sallie mae? Hi ive recently started paying on my student loans but the minimum payment is like $550 a month after consolidation and everything and I can only pay like $350 a month but dont want to do any interest only or any other type of plans. There getting that much a month i think its plenty. is there anything they can do to me even though i am paying them money and is there anyway to get them off of my back?

Consolidating SallieMae Student loans? Is there anyone that will consolidate sallie mae student loans? Also who is the best provider of consolidation for private student loans?

A confusing student loan situation? I am trying to help my neighbor figure out what is going on with her student loans. A bit of history she had defaulted a few years back and very recently completed a loan rehab program. Right before compleation of the program she was offered the chance to participate in the William D Ford Program (what ever that is) She filled out all the paperwork and sent it back. She selected the Income Contingent Repayment plan. Soon after that she is sent notice that Sallie Mae is the new lender (before finishing rehab it was GRC) and that her new payments would be $50.08 instead of the $58.00 she was sending to GRC. The new payments were to begin Feb 24, 2009. (she even has a payment coupon book) She called GRC to see if she still had to pay them in January and was told that she did not. Then In January she receives some paperwork from Direct Loans (the same paperwork she had just submitted to GRC) She contacted direct loans and told them she had already sent the info to GRC Direct Loans told her that she would need to send the paperwork to them anyways. Before she could even send it in she gets another letter from direct loans confirming that she has elected to participate in the income contingent repayment program and that her payments would be $0.00 and that there is $0.00 owed. She calls direct loans to verify who and what she is supposed to pay. She is told that until consolidation is finalized to pay sallie mae the $50.08. When consolidation is finalized her payments would go to $0.00. Thing is every income contingent calculator she and I have been too her payment does not come out to $0.00 it comes out to anywhere between $25 and $140. Can some one shed some light on the real deal here? Thanks.

consolidating student loans? Hi, I am just wondering If I could consolidate all of my student loans into one loan, I have 3 subsidized stafford loans, 2 unsub stafford loans, and 2 sallie mae tuition answer loans....I don't know how consolidation works...but I'm just over 35,000 dollars in student loan debt and I want to make sure I can afford to pay it over 30 years time

What company can I consolidate me 3 private Student Loans? I have 2 student loans with Sallie Mae that total $25,000 and an ACS loan that is about $20,000. Total I have about $45,000 dollars in PRIVATE student loans. I have about 10 thousand in federal but the Navy is going to pay them. Currently I am paying $300 a month to Sallie Mae, and beginning next month $200 to ACS. I would like to consolidate these loans to get a smaller monthly payment. I already called Sallie Mae and they no longer consolidate student loans. Who do you suggest I go through to get a consolidation? I'm almost 23 and have enlisted in the Navy so I will have good job security. I do not know my credit score but I have gotten a credit report and everything was in good standing, nothing ever late or defaulted. I MUST get a consolidation without a co-signer. Any info would be appreciated. Thanks

I have federal student loans with AES but have experienced problems with their service.? I thought about consolidating with a different lender...any recommendations? Sallie Mae is no longer offering consolidations. Thanks for your help!

What can I do to pay off my student loans? Sallie Mae ( a student loan provider) wants over 500 dollars a month to pay off my student loans. I can't pay that at all. I was thinking that maybe I can just give them what I have like $200 a month but they won't accept it. I was going to file for bankruptcy but when I consulted a lawyer, he told me that private student loans are not eligible for dismissal. I've tried to ask them if they can lower the balance but they refused and I'm not eligible for consolidation because of my credit. What can I do?" p.s. I have a job. What Im saying is that my monthly income cannot support the $500 they're asking for. I prefer someone who actually is quite familiar with loans/student loans to answer. Thanks

the July 1st deadline for student loans??? I've sent in my consolidation loan application on May 30th. I've checked several times online before June 30th, it saids it's processing. One June 30th, I called, the automated system told me that money is expected to go to my account on July 14th. I've checked today and, it made me fill out the same info that I've filled out in May. Then all of a sudden my application date is July 8th, my interest rate is 7.25%. Am I the only being cheated by Sallie Mae? or did they delay the application process for other poor students like me? Just wanted to know, and liked to spread the word out-- that they cheat on students. I didn't re-do my application when I sign in. I went to their 'check status' webpage and signed in, before july, it had said the same thing over and over, never changed, ' date applied, may 30th; disbursement date: tbd; processing' then today I checked, instead of displaying the same info, it asked me the questions that I've answered months ago.

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.

Looking for serious financial/student loan advice? Anyone with advice on student loans from personal experience would be appreciated. Briefly, I owe $67,000 to Sallie Mae ($490/month extended 25 yr payment plan) and $8,000 to Nelnet ($87/month 10 yr plan). Obviously I went to a pricey private college, and the funding for the schooling fell through at about my 3rd year. Personally, the only other debt I have is a credit card ($1,500), I make $37,000/year (I come away with about ($1,780 after taxes, 401K,medical and dental/month), I have a company car paid for as well as car insurance paid for, and my credit score is pretty good (735). I have been living rent free with a friend, but she is moving so I have to start paying rent, bills, etc. I did purchase a $3,000 motorcycle a little while back, but am looking to hand over the note to someone as we speak. Because of this, I wanted to know a little bit about student loan consolidation from someone with experience. Will it decrease my student loan payment monthly? Is it a good thing in the long AND short run? Would you recommend someone with my sort of financial situation to consolidate? I just feel like right now I'm living okay given the circumstances (free car, insurance, no rent, etc), but once I have to start paying for rent and the bills that come along with it, I want to know if consolidating will help. Thanks

I am unable to find a consolidator for my private student loans and the payments are too high? I recently joined the military and I will be leaving in July, I will be paying about $200 dollars a month for my federal student loans until I am done with boot camp and tech school, then the govt will take them over. As for my private student loans, I pay one company (Sallie Mae) $300 a month and cannot lower it. I pay another company (ACS) $200 dollars a month. This alone is $500 dollars a month and right now I make about $700 to $800 a month. When I leave for boot camp in July I will be making about $1,200 a month after taxes. I can only find one company that is even doing consolidations anymore, and they want me to have a co-signer because I don't make enough money CURRENTLY. Having a co-signer is not an option, what can I do in this situation? Do I just tough it out until I ship to basic and after basic reapply since I will then have a higher income? Any info would be great. I know Sallie Mae and many other companies no longer do consolidations. I have defered them once, the large Sallie Mae loan is non deferable, but the rest are defered until May and June. I don't believe I can defer them again for at least a year or two... but I'm looking into a military deferment.

Who should I talk to about Financial Difficulties? The short version: I've got considerable student load debt that I simply cannot afford the monthly payments on. I've tried all the usual ideas for fixing this, ie. forbearance, consolidation, etc. The bulk of my loans are through Sallie Mae and anytime you try calling them you talk to 15 different people who barely speak English and tell you 15 different things. I am very willing to repay these I simply can't afford it along with my consumer debt (which is in a debt management program), rent, other bills, etc. What kind of professional should I talk to? An accountant? A banker? A lawyer? I need help and don't know where to turn.

Private student loan consolidation? My husband and I have a sizable amount of student loans (almost $100,000 combined) that are in private loans through Sallie Mae. My interest rates are outrageous, some are 7% to as high as 15%. Are there any good options for private student loan consolidation? If not, what other options are there to refinance these loans (would a home equity line of credit be better)? We are both looking to lower the payments and get a fixed interest rate while the prime is low. Thank you in advance for your advice and assistance.

Student loan consolidation? I have a few loans from Sallie Mae. I would like to consolidate them into one loan, hopefully at a lower interest rate. Does anyone have any suggested companies that you have dealt with for student loan consolidation?