Consolidating student loans through sallie mae
As part of the process, you’ll need to provide details about your existing federal student loans, and choose a federal loan servicer and repayment plan for your new consolidation loan.
You have to complete the application in a single session, so do your research before you start.
” but the unfortunate reality about student loans today is, you did.
When you consolidate federal loans, your new fixed interest rate will be the weighted average of your previous rates, rounded up to the next ⅛ of 1%.
What can I do to survive through this debt disaster.
It’s not that I don’t think I shouldn’t have to pay any money back, but I didn’t work hard for 6 years to attain a doctorate and live off ramen noodles! Welcome to the world of private student loans, otherwise known as the education trap.
With some of the interest rates being 10 and 13 percent and of course Sallie Mae refuses to make my monthly payment any less then what it is.
I’ve contacted numerous agencies trying to get consolidated and have had to significantly cut back on monthly utilities, gas, food, etc just to skim by and pay my loan payment.