Have 109K in private student loan debt...consolidation?
Question:
I need someone that has consolidated a PRIVATE student loan (mine through aes) and what they did. Any information is helpful because Ive seen alot on here but dont really know if theyre legit... thanks!
Answer:
Private educational loans cannot be consolidated with your federal student loans.
There are a few companies that will consolidate your private alternative loans. Education Finance Partners is one of a very few companies that will consolidate these loans and will do so with a fixed rate. Check with them at www.efp.com. There are others, but I'm not sure about how much it will help you to consolidate the loans if you can't get a fixed rate and an interest rate reduction for autodebit. Do a lot of investigating before you decide to consolidate those loans with anyone and look for these features. Good luck.
If you plan to pay back the money , you can ask for a loan at Prosper. More information at http://www.acreditlibrary.com/prosper.ht... . You can also try your luck at online charities, people may send donations. More information at http://www.laodn.org/
Sallie Mae has a private consolidation loan that offers extended payment plans to bring down your monthly payment.
http://www.salliemae.com/after_graduatio...
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