Sallie mae not consolidating loans
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.If you'd like to stay posted on all the latest get out of debt news and scam alerts, subscribe to my free newsletter.I'd love to meet you at the next local Raleigh meeting of the Get Out of Debt Guy Support Group.
These processes are often confused, but they’re very different. refinancing Private student loan consolidation, or refinancing, means replacing multiple student loans — private, federal or a combination of the two — with a single, new, private loan.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.Up until 2005 private student loans were able to be discharged in bankruptcy.Once that was eliminated by Congress the private student loans lenders starting pouring out loans like water without regard to affordability or repayment.
Search for sallie mae not consolidating loans:
Student loans are an exploding crisis, and I mean a massively exploding crisis.