Private student loan consolidation?

My fiance student loans Sallie Mae a big RIP OFF! Is a PRIVATE loan consolidation program of? We 39 t afford to pay 500 a month in loans!

Responses:

I hate them I hate them. big time. Call them up and see if you can make smaller payments for a longer period of time. It might help you out, then cut mine down to 150 a month. Also go on fast web.com and apply for grants and scholarships. That might help. Good luck with sallie mae. They are tough but tell them that you can not do it. They might even cut it down to 300, but it's much better. Good Luck
Go to daveramsey.com You really do not want to do debt CONsolidation
If you are going to consolidate use a FEDERAL consolidation program, try Direct Loans. Private loan consolidators can get you into a world of trouble. Another thing to realize that when you consolidate you reset your payment history, just in case you are planning on applying for any other type of credit. That one bit me in the arse when we went to get pre - approved for a mortgage
To be quite honest, you may have a very hard time finding a private loan consolidation that is available that will not end up costing you more money in the long run. Your very best bet is to pay off your private loans with the Evil Empire as soon as you can. This means making some sacrifices and maybe living without some things you would normally have to pay off your loans. Or getting a second job to help bring in more money to pay them off. Another strategy is to lower your federal loans monthly payment by requesting a repayment option other than "Standard" if you have not already done so. Or you can apply for deferment / forbearance on federal loans for a period of time and use that money you would be paying your federal loans with to get ahead on the private loans. Private loans can really bleed you dry when you leave college and go into repayment. Unfortunately there are not a lot of options to help like the federal loan program. If you do end up finding a private consolidation program please do yourself a favor and read all the FINE PRINT and understand what they are going to charge you. If you are not financially savvy, find a friend or family member who is and have them review the program with you. Sometimes the devil you know is the least of the big evils. Good luck

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Have 109K in private student loan debt. consolidation?

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Knowledge Base: Private Student Loan Consolidation

What is Private student loan consolidation ?

is it realy work ?. a private student loan consolidation is a new loan, from a private lender that puts all of ones loans into one. if you have any student loans you will get letters and phone calls urging you to consolidate them with one company or another. be (private student loan consolidation)

are there any lenders that do federal student loan consolidation? not private loans?

it seems like there are not any lenders that do federal student loan consolidation programs. are there any out there? not private loans. so far it seems like the dept of ed has ended other programs. please help thanks ruth. can you ask your relative if it was a federal (private student loan consolidation)

Private student loan consolidation?

my fiance currently has student loans through sallie mae and they are a big rip off! is there a private loan consolidation program that anyone knows of? we can not afford to pay $500 a month just in loans!. go to daveramsey.com you really do not want to do debt (private student loan consolidation)

What are the best private student loan consolidation companies?

i am getting ready to pay back my sallie mae student loans and they are expecting me to pay approximately $500 per month for my private loan. the only other alternative they gave me for a lower monthly payment was the interest only option, which i have heard is a (private student loan consolidation)

what are student loan consolidation, student loan foregiveness, private student loan consolidation ?

can anyone tell me about this terms?. debt consolidation is a method where the borrower can consolidate his multiple unstructured debts of higher interest rate with a single loan. in cheap debt consolidation, borrower refinances his debts from a new lender or one of the existing lenders who so ever (private student loan consolidation)