Danielle asked:


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?

Malcolm asked:


I have no credit, nobody to co-sign, I’m 25 this month with only 14 community college credits. Does anybody on here have a similar situation as mine and has been approved for private student loans? If so, for how long will the loan sustain your education and what kind of interest rate is the loan?

Jonathan E asked:


It seems as though the only programs available to student debt holders only apply to Federal Loans. Just wandering if there is anything available to private student loan holders.

toneykuhnz asked:


I have about 50,000 in private student loans and it todays economic environment, no one will consolidate or refinance my loans. I was wondering if its possible to “roll them over” into a federal student loan. Any help is appreciated!

n23papp asked:


I am going to start a second bachelors program next month and I need funding. I owe $1200/month in credit and bills. The school is in rural nowhereville so I won’t be able to get a job to pay down those bills. What options do I have? Can I take out a lump 30k to pay off those bills from private school loans? And when I apply for a private loan, do I have to reapply every year?

redsoxchick asked:


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?

Shawna asked:


It’s about that time for me to start paying back my loans! I’m not at home (michigan) where all of my info and records are- and frankly it might not all be in one spot.

I need to know if there is a number I can call to see how many private (ex: discover, or education one) student loans I have taken out in the past 4 years…

Any ideas? THANKS!

bbrrpf asked:


I have $100,000 in private student loans from two lenders. The interest rate is over 10%. Is there a way to get another loan to pay this off at a lower interest rate? What kind of debt consolidation program should I consult? Most student loan companies only deal with Federal loans it seems. I keep seeing ads for mortgage loans with low monthly payments– is there something similar I could get for a personal loan? THANKS!