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View Full Version : Money Private and Federal student loan consolidation?


The Bad Guy
08-09-2010, 05:35 PM
My brother is in the process of going through the wonderful world of loan consolidation. Is there a company that will consolidate both? I only have a federal consolidation on my loans.

Any experts in this area that can help me out?

Thanks in advance.

BWillie
08-09-2010, 05:40 PM
Student Assistance Foundation

They've dropped my interest rate as well. It's finally down to like 2.75%. They've dropped it for paying x amount of payments on time, for setting up automatic payment, among some other things.

Pestilence
08-09-2010, 05:47 PM
I was told by my lender that you can't consolidate federal loans and private loans.

BWillie
08-09-2010, 05:52 PM
I was told by my lender that you can't consolidate federal loans and private loans.

Pretty sure I did? Maybe mine were both, I don't know for sure though. I had 3-4 different ones and I got them all consolidated though.

grandllama
08-09-2010, 05:53 PM
I was told by my lender that you can't consolidate federal loans and private loans.

I consolidated two private loans with my federal with the Dept of Education. Unless the laws changed (like they do every 36 hours) it is possible.

Pestilence
08-09-2010, 06:00 PM
What did the consolidation get you guys? Just a better interest rate? Lower payment?