Private College Student Loan

how do I consoldidate my private student loans with bad credit?

I don't know what to do. I have 78k in combined federal and private student loans. I have already graduated and have had to put my loans in to forbearance because I cannot afford the monthly payment that is due. I have loans through the evil corporation of Sallie mae. Recently, I found out that they no longer consolidate period and that there is really no way to lower my monthly payment. I found a company that will take over my federal loans, but not my Private loans. They want $430 just for my private loans. I just can only pay them about two hundred of that hoping my account wont default. But that is it! I am up to my neck in bills. I am on the verge of getting a second job. I tried calling d ford and direct loan, but they can't do the private loans. Is there any legit company that can consolidate my private student loans. I just need to lower the monthly payment. Sallie Mae is not working with me. Help!

Public Comments

1. I hate to be the bearer of bad news, but your private student loans are the equivalent to a signature loan... I've never heard of a legitimate place that will combine the two. I hate that it may be inevitable, but a second job is your best bet. You'll be in control, and tackle the debt head on, therefore solving your problem. The looming debt. Consolidation makes the payment feel better, but it ends up costing SO much more.
2. I agree. Get a second job and a third if you must. Sell Avon, whatever you need to do. Cut down expenses to a bare minimum. Hint: internet access, cable, cell phone, even a land line at home is not a necessity. Consider moving back in with your parents or another relative.
3. There's a free download on Student Loan Consolidation on this site: http://www.studentloans.yourinfostation.com You might find the info and other resources useful.
4. For more info visit: http://student-loan-consolidationrebate.blogspot.com/