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Student Loan consolidation

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DSmithLV
New Member

Student Loan consolidation

Who do you recommend as an online lender for consolidating student loans?
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SCF
Valued Contributor

Re: Student Loan consolidation

Are they federal or private loans?

 

If they are federal, go through Direct Loans (I don't even know if anyone else is doing federal consolidations anymore).  Having your loans through them will give you access to all the usual federal benefits, and the ability to start working toward the public service forgiveness if you work in a qualifying position.

 

If they are private, I would shop around for the best terms and interest rate.  Start with your current lenders and any other institutions you have a relationship with.  Not many lenders are doing private consolidation loans anymore, and if you don't have good credit, you may struggle to get good terms.

Message 2 of 3
DSmithLV
New Member

Re: Student Loan consolidation

They are federal student loans...so is Direct Loans www.directloans.com ?? My current credit score is 647 and it will get better now that I've discovered Philip Tirone's suggestions
Message 3 of 3
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