can i consolidate my signature student loans?
Dec 1st, 2008 by admin
I have a bunch of signature student loans from sallie mae, is there a way to consolidate those as one lump sum? I have already consolidated my federal. Any feedback much appreciated..
Eligibility
You must be a U.S. citizen or eligible permanent resident.
You must have good credit or apply with a creditworthy cosigner
You must have reached the age of majority in your state of residence.
Student for whom the loans will be consolidated must have completed or will complete his/her course of study within 30 days. (May be required to provide proof of graduation.)
Features
Consolidate private education loans from $5,000 up to $275,000 (without a cosigner).
Combined billing with one convenient monthly payment. (Sallie Mae customers can enjoy combined billing on any Sallie Mae-serviced loan.)
Extended repayment terms—up to 30 years (depending on balance).
Sallie Mae’s Private Consolidation Loan offers flexible repayment terms including the option to defer payments if you return to school.
There is no prepayment penalty.
No application deadlines.
Yes, Sallie Mae consolidates both federal and private student loans.