Sallie mae not consolidating loans

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If they are government subsidized loans, as some Sallie Mae loans are, then you have some good options for dealing with the debt.See The Ultimate Guide to Dealing With Student Loans You Can’t Afford. Lenders require a cosigner to go after when the primary borrower can't afford the payments.And student loans have the fewest solutions and options to deal with the debt.People who took out student loans, especially private student loans, are essentially financial slaves until Congress changes the laws.You’re generally eligible once you graduate, leave school or drop below half-time enrollment.Consolidating your federal loans through the Department of Education is free; steer clear of companies that charge fees to consolidate them for you.You’ll save money if your new loan has a lower interest rate.» MORE: Best student loan refinance companies Your financial history — including your credit score, income, job history and educational background — will dictate your new interest rate when you refinance.

I have looked online to see that everyone is having issues with this company because they make it absolutely impossible to pay off your student loans!!! I have tried consolidating and no one will touch it because I do not have a co-signer.

But it’s only for federal loans, and it won’t cut your interest rate.

Consider federal consolidation if you: When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.

Those include the option to tie payments to income and opportunities for loan forgiveness.

» MORE: Should you refinance federal student loans Like the federal government, private companies offer the option to consolidate multiple student loans into one.

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