I am trying to learn about the best way and the best lender, if any, with which to consolidate my federal AND private student loans TOGETHER into one, consolidated loan and payment. Any suggestions or experiences would be greatly appreciated.Can anyone offer advice and/or personal experiences regarding consolidating federal AND private student loans?
Not together. You can consolidate federal student loans:
http://salliemae.com/after_graduation/ma鈥?/a>Can anyone offer advice and/or personal experiences regarding consolidating federal AND private student loans?
From my own experience, I have tried to consolidate both federal and private loans, but have not found anyone who can do that. I know that you can consolidate federal loans, but, as far as I know, you cannot consolidate private loans.
Unfortunately you are unable to consolidate your Federal Student Loans with your Private Student Loans through the FFELP Consolidation Program.
I would also advise against consolidating your Federal Student Loans with your Private Student Loans because you lose all your Federal Benefits on your Federal Student Loans if you do consolidate the two types of loans together.
It does seem that you are very interested in Private Loan Consolidation however. I would suggest waiting until July 1st when programs are expected to improve. Hope this helps you out! For more information on Federal vs. Private Student Loan Consolidation please visit the source below.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment