consolidate loans
Wednesday, March 17th, 2010
What does it mean to consolidate student loans?
I took out Stafford subsidized loans each year I was in college through Sallie Mae. Interest rate is now 8%. Is it possible to consolidate?
I already make one payment through Sallie Mae
You’d have to contact a financial institution like CitiBank. That’s who I used to consolidate mine (I had the same two loans too). Consolidating means they contact Sallie Mae and Stafford in order to make one payment a month. It’s quite decent. But like I said, you need to call a financial institution, but have you graduated yet or received notices to consolidate? If you have, see what their rates are.
Debt Consolidation can lower your monthly credit card debt payments