# need to consolidate private student loans.. **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 27, 2006, 9:17am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101 "2006-09-27T09:17:02Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [September 27, 2006, 9:17am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/1 "2006-09-27T09:17:02Z")
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 ---
**Author:** ![jay\_g](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jay_g/32/111288_2.png) [@jay\_g](https://forums.speedlife.net/u/jay_g)\ **Post date:** [September 27, 2006, 9:29am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/2 "2006-09-27T09:29:10Z")
I used citibank, got locked in at 4.25%. Has worked out good for me. [http://www.studentloan.com/](http://www.studentloan.com/) Consolidation Loans are at 5.375% right now ---
**Author:** ![MaximaSE98](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/maximase98/32/7600_2.png) [@MaximaSE98](https://forums.speedlife.net/u/MaximaSE98)\ **Post date:** [September 27, 2006, 9:30am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/3 "2006-09-27T09:30:04Z")
i am in the same boat boss…i hate Sallie Mae…try [acs-education.com](http://acs-education.com) ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [September 27, 2006, 10:01am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/4 "2006-09-27T10:01:27Z")
nelnet \> \* ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [September 27, 2006, 10:05am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/5 "2006-09-27T10:05:42Z")
> [@walter](#): > > nelnet \> \* . 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. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [September 27, 2006, 10:50am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/6 "2006-09-27T10:50:59Z")
Don’t consolidate federal and private loans together unless you want them all bumped up to private loan rates. ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [September 28, 2006, 8:23am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/7 "2006-09-28T08:23:33Z")
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. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [September 28, 2006, 8:39am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/8 "2006-09-28T08:39:47Z")
> [@BikerFry](#): > > Don’t consolidate federal and private loans together unless you want them all bumped up to private loan rates. :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. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [September 28, 2006, 8:41am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/9 "2006-09-28T08:41:27Z")
Where’s the guy who wanted to add on to his student loans to buy a motorcycle? Hopefully he’s reading this thread. ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [September 28, 2006, 8:43am UTC](https://forums.speedlife.net/t/need-to-consolidate-private-student-loans/18101/10 "2006-09-28T08:43:46Z")
> [@JayS](#): > > Where’s the guy who wanted to add on to his student loans to buy a motorcycle? Hopefully he’s reading this thread. :mamoru: