need to consolidate private student loans..

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1

Can anybody tell me of a good company that will consolidate my student loans (private and federal).

I gave a call to the Colligate college company or someplace like that. They do an adjustable rate for prime plus 1 percent.

They said I don’t have the credit to get the loan myself, i need my father to cosign.

This sucks, i’m 24 with excellent credit.

Basically, what I want to do is spread it out for a long time so that I don’t have to pay sallie mae 400 bucks a month like i’m doing now.

So I want a low payment right now, until i get a real job then I just pay the whole loan off.

Plus I think sallie mae is the fucking devil, i need to get away from them.

Thanks,
Justin

2

I used citibank, got locked in at 4.25%. Has worked out good for me.

http://www.studentloan.com/

Consolidation Loans are at 5.375% right now

3

i am in the same boat boss…i hate Sallie Mae…try acs-education.com

4

nelnet > *

5

.

on another note if youre gonna consolidate for a long period of time i would try to get a fixed rate. A lot can happen with the interest rate between now and then and adjustable rate is risky.

6

Don’t consolidate federal and private loans together unless you want them all bumped up to private loan rates.

7

hmm, it seems many places won’t reconsolidate a private loan.

Most of my loan is private, go figure.

Looks like i might need my dad to cosign, go figure. i’m 24 now, and still need daddys help.

8

:word:

Don’t consolidate your private loans with your federal (Stafford) loans. It will only drive up the interest rate on your federal loans. The only option you would have with a private loan is to refinance at a lower rate if you have better credit than you did when you took it out, or if rates have gone down. Neither seems likely in your case.

9

Where’s the guy who wanted to add on to his student loans to buy a motorcycle? Hopefully he’s reading this thread.

10

:mamoru: