Student loan reporting?

[Anonymous]

Yes, to all three.

[Anonymous]

Thanks for clarifying that. Sounds like I may need to have a talk with Sallie Mae.

[remethy]

my consolidated loan shows as two tradelines - one for the subsidized portion of the consolidated loan and one for the unsubsidized portion.  And then my old loans still show as 6 or 7 separate tradelines, which show zero balance and say something like paid/closed/transferred to another lender.  Hope that helps!

[Kixforpa]

Please pardon my "thickness", but I want to ensure I am understanding this correctly:

1. All six of my loans should report transfered / closed, along with a $0 balance, after the date of consolidation. My loans do report closed.

2. Repayment history for each loan prior to consolidation will be reported, but not after? This is also my case.

3. Should the consolidated loans be reported under a totally separate tradeline? I have 4 Sallie Mae and 4 USA Funds and they are reflecting baddies and killing me. I have contacted Sallie Mae like crazy and they will not budge!

[Anonymous]

Yeah, my problem is that my loans are reporting as if they were never consolidated - each tradeline is reflected as open, with a balance. The challenge is going to be getting Sallie Mae to properly update the reporting - I am thinking that since I consolidated prior to the late payments in 2010, those late marks should be removed from the six tradelines, but report on the "new" consolidated tradeline... this is so confusing 

[Anonymous]

Thanks everyone for your responses. I did some more digging, and was bummed to discover that my student loans were never actually consolidated. Sallie Mae denied my application, but sent the denial letter to an old address. Nevertheless, it is my own epic fail for not following up. Needless to say, I am applying for consolidation through Direct Loans ASAP. I suppose my only recourse now is to send a GW to good ole Sallie and pray that she has mercy on this pitiful soul.