Federal loans offer the best terms, lowest interest rates and most attractive repayment policies.
Sallie Mae administers both of the primary Federal loan programs, the Stafford and the Perkins loan programs.
Additionally, Sallie Mae used to offer private loan consolidation but does not offer this option anymore.
I have around 76,000 with private and federal student loans. I had to use my forberences in the past because of no job or not enough money to make payments. If anyone knows or can give any advice please please do.
I am trying and stressing on how to pay my loans and getting my credit back.
If students want to consolidate other federal student loans with Sallie Mae loans, they have to apply directly to the U. Department of Education's Federal Student Aid division.
Sallie Mae used to allow student-borrowers to apply for the consolidation of federal loans directly, but this is no longer the case.
My mother was also the co signer for the loans and she has bad credit. I guess you can say that I dont have another co signer to use.
I have around 76,000 with private and federal student loans. I had to use my forberences in the past because of no job or not enough money to make payments. i now have very bad credit because of the student loans.If this is the case, the consolidated loan and resulting repayment plan are managed by that private institution.If a student wants to lower the monthly payments of a federal loan but does not want to consolidate, he has a few options.We will analyze six of the top student loan servicers and give tips for how to pay off private student loans.Note about the updates: Since we first wrote this post, more information about the top private lenders and their repayment programs has become publicly available.Student loans are tough, and they present borrowers with heavy debt burdens after college.