beejean33 asked:


I have a total of about $27,000 in private student loans through Sallie Mae with a 9% interest rate . Is it possible to find a federal loan to cover the previous amount I’ve borrowed and close my Sallie Mae account? I am still in school (I’m a junior) at the University of Minnesota and will need another year of financial aid..

StudentLoanMonkeyOnMyBack asked:


I have called at least a dozen places whose ads claim that they do private student loan consolidation. But when I called, every single one of them said they had either temporarily suspended or canceled their private student loan consolidation program due to the subprime mortgage crisis. Nearly all of them offered to consolidate my federal loans but I’ve already done that. A few of them actually named other places they thought were still doing it but when I called them, those places had also suspended their programs. So, if anyone out there has had recent success with consolidating their private student loans, please let me know. Thanks.

Secret154888 asked:

CONSOLIDATE PRIVATE STUDENT LOAN NEED CASH? APPLY NOW ONLINE Student cash advance loans are also very popular with school personnel, with record number of them applying for Student advances.Some of the things you should be aware of before applying for a Student advance loan is both the length of the Student loan and also the interest charges as these can build up quickly when talking about interests rates of 14% or more typically. Also make sure that you can extend the Student loan if need be with little or no penalties for at least one additional pay cycle.One Student loan company that I have been found to provide excellent service along with a quick no faxing application is Private Fast Loans. They have been around for quite some time and provide Student loans to $5000 to start off with. visit our website to learn more. Private Fast Loans Dot Com

Brulia asked:


I am in the process of looking for a private student loan to help cover the cost of living and being a student. I’m probably going to apply for an Astrive Student Loan. Are there any other good companies where you don’t need tons of credit? Or do you know anything about the Astrive loans? Thanks.

Student loans often become an important part of a college student’s life in order to get them the continuing education they need. The question always becomes what type of student loan should the person get? You have several options from federal loans, state loans, and private loans. The best loan that you can obtain for the interest rate and repayment is going to be the Stafford loans. These loans are available for undergraduate and graduate students. You will find there are two options for the undergraduate as well.

The subsidized or unsubsidized Stafford loans are available to undergraduate students. The subsidized loan is awarded on financial need. You will never be charged interest until you begin repayment or take a leave of absence of more than six months from school and defer the loan. The unsubsidized loans are not based on need. In other words any student can take out this loan, but you will be charged interest from the loan disbursement date until it has been paid off. You will find that there are also specific amounts for the Stafford loans. You can borrow a maximum of 23,000 or 46,000 depending on how you are borrowing. If you are a dependent of your parents you will only be able to borrow the 23,000. As an independent student borrowing money you are able to double that amount to the 46,000. You will also find that you can only borrow a certain amount per year of the 23,000. It will increase exponentially as you reach the higher levels in college because the classes or tuition tends to cost a little more. Independent students are also considered to need more money as they are not borrowing any from the family, hence the reason the amount you can borrow is a little more.

Again with the graduate loans you will find the subsidized and unsubsidized Stafford loans. You will also find that you are only able to have a maximum debt of 138,500. The subsidized loans will only allow 65,500 of the total amount. This means that once you have reached the 65,500 mark you will have to go for an unsubsidized Stafford loan.

For Stafford loans it can be a little difficult to get money beyond what will pay for the tuition and books, especially if you live in off campus housing. The FAFSA report is going to tell the college what your expenses are and what you need. Keep in mind that you don’t always qualify for the entire amount that can be given to you. In some cases they may only give you a partial amount based on what they see your needs as. Stafford loans typically don’t like to pay for off campus housing and therefore treat that expense as something you have to pay.

If you have any questions regarding the Federal loans you should speak with your financial aid officers at the college. They can help you find the answers you need or put you in touch with the company dealing with your loans.

By: Jim Power

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nana asked:


I have a couple of private loans that I need to consolidate so can someone please tell me of any company that I can use to consolidate the loans. Please I only want well known companies like chase, citibank, etc.

westofvideo asked:

Calculations show how a traditional private student loan works and payments calculated

winbest9@sbcglobal.net asked:


I have 42,000 in private student loans that I am trying to consolidate. I was rejected by Bank of America, Wells Fargo, Citi Bank etc. I do not know where to whom to turn. Does anyone have any suggestions?

chrissy asked:


it seems like there aren’t 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 loan?
New question, is it possible to debt consolidate federal student loans?? so there’s debt and then student loan consolidation.

larsonface asked:


I can find plenty of banks that offer private student loan consolidations loans, but often, many places seem “gimicky.” Any help appreciated!