Question by snowboarderdude322: 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.

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Answer by fgsdsu
I have the same problem, i don’t know if it will be worth it later

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Question by jdbbussiness: I need help consolidating PRIVATE student loans (NOT FEDERAL)?
I have tried to contact many different consolidation companies but they cannot help me with PRIVATE student loans. My payments are outrageous and I cannot pay them. I have placed them in forbearance many times but all that is doing is making my total owed amount go up since it still accrues interest. Remember these are PRIVATE student loans not federal and right now my interest rate is 14%!! PLEASE SOMEONE HELP ME!!
mrs.izabel,

Thank you but again these are PRIVATE student loans not federal. I have already consolidated my Federal student loans.

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Answer by mrs.izabel
Try this http://www.dlssonline.com/index.asp . To my knowledge, they consolidate any student loans.

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Question by Jessica A: Help in Refinancing Private Student Loans!?
I have four private student loans that have an unsatisfactory interest rate. Can anyone relate any experiences or advice with consolidation of private student loans that would help me in the search to lower my payment and get a satisfactory interest rate? What to stay away from, a company that is particularly helpful, anything! My credit score and future need you!

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Answer by payingcollege
Sallie Mae consolidates private student loans. Private loans, including consolidation loans, are credit-based, so your interest will be based on your credit score. If yours isn’t the best, it can help to have a cosigner with a good credit score. Also, extending your payment term will lower your monthly payments, but keep in mind that means you’ll pay more interest over the life of the loan. Just like a credit card. You can find more info on private student loan consolidation at http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private.htm

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Question by Sophia H: Sallie Mae consolidation of private student loans debt.?
I currently have ,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 0,000 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.

Best answer:

Answer by gabriel s
Bad credit is one of the worst problems to have… however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

http://umgarticles.atspace.com/debt-consolidation.htm

if it helps kindly remember me in your voting!.. cheers!

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Question by Victoria w: Private Student Loan Debt—Can you answer this?
I owe almost 0,000 in student debt, ,000 of it being private. When you add up all my payments, i will have to pay ,300 a month. Someone suggested that I consolidate my loans for a lower interest rate and payment, but no one is offering consolidation because of the economy. I have no idea what to do and know very well that I will not be able to make my loan payments and regular bills when I graduate. I am in big trouble!!!

Best answer:

Answer by \,,/><\,,/ ROCK ON
lots of private loans offer forbearance that are basically free months that you don’t have to pay, and some companies like AES offer a modified repayment schedule that will cut your payments in half for a year. so look into those things.when your done with school don’t dilly dally around,get a job even if it’s at a local coffee shop just to get income,most people get into debt with their loans cuz they cant find a job in the field they went to school for and they think their better than working a part time job, so they just accumulate debt so much that they never get caught up

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