I am wanted to consolidate my student loans, but I do not know who I should consolidate with; and suggestions?

Answers:3   |   LastUpdateAt:2012-08-14 05:13:03  

Question
guzy
Asked at 2012-08-10 04:04:02
I want to consolidate my student loans, but I do not know who should be consolidated with and suggestions?
Answer1engAnswered at 2012-08-10 06:41:03
If they are federal loans that can probably be consolidated with your lender. Mine was Sallie Mae and go with the federal rate increases each July i beleive . If they are private loans can be best kept at bay. I have also private loans and the rate for consolidation at this time are almost 10 %, which is crazy. Once the consolidation can not do it again, you are stuck with the fee to be paid. Do a lot of research before consolidation.
Answer2MarryAnswered at 2012-08-11 09:18:03
Choose an institution that has been around for a while. Some of these lesser-known companies end up selling to larger companies ( usually the I knew that I wanted to do business with) .
Answer3BioBabeAnswered at 2012-08-14 05:13:03
Sallie Mae is the largest consolidator of student loans in the country. As one of the other answerers mentioned many of the smaller lenders just sold your loan as soon as they get . Some even just sell the application before it is processed ! A good tip to go with a lender that you have, if you have been happy with them. You can find more information about federal student loan consolidation in < / a> and private student loan consolidation http://www.salliemae.com/consolidate . < / A>

For federal loans, all lenders have the same interest rate , which was decided by the government. If you have private loans, the interest rate on your credit history (as he did when he received the loans).

Good luck, and do not be tempted by all the hype out there .
Related Questions
1
  • Answer This Question:I am wanted to consolidate my student loans, but I do not know who I should consolidate with; and suggestions?