Anyone know of a best place for private student loan consolidation?
May 7, 2010 by admin
Filed under Student loans
Hey there, I am looking to consolidate my private Student loans, I have a total of about $30k. Anyone know of a place that offers the best interest rate?
Thanks for any help.
Try Sallie Mae
Ditto what Bob K said. It’s what I plan to do with my private loans – but here’s more information for you:
The Sallie Mae private loan consolidation program started at the end of April. They do a credit check, and depending on your FICO score you can get a rate that starts at prime and then moves up from there if your score is less than perfect. *But*, you can get a cosigner with excellent credit and get a rate closer to prime, and after two years of repayment you can remove the cosigner completely from the loan. The best part is that repayment can be for up to a 30 year term (maybe not for smaller balances, but ask anyway).
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