Fed Financial
How can I consolidate private Student loans?
I have allot of private student loans with high interest rates and I would like to have these consolidated into one loan with a low interest rate. I dont qualify for alot of them because my credit score isnt high enough! What can I do?
Public Comments
- I totally empathize - low credit score and high interest rates make a vicious cycle for students. You might want to take a look at http://www.tuitionbids.com, the company I represent. You can actually fill out a single loan consolidation application and have up to six different lenders see it and compete for your business. It's far more efficient than applying to banks one by one and getting turned down again and again. You might even get a decent interest rate. In any case, I hope you figure something out!
- You can apply for private school loans if you are meeting the mentioned criteria: You should be at least half-time enrolled in a degree or technical/diploma program. Has a minimum of $10,000 in private educational loans. Is in repayment status of private education loans at the time of application. Has good credit standing. Has proof of accommodation and present income Learn more on school loan consolidation and log into http://www.4studentloan.net/schoolloantypes/privateschoolloan.html
