Some please help me

[pymintz1]

Hello I received my paperwork to consolidate my loans I'm so confused on this I have 2 loans 1). Stafford subsidized total amount owing is 2,546.00 the other loan had been consolidated FFEL Consolidated total owing is 12,262.00 both of these loans are at the collection agency GC Services they want me to put the loans together but I'm trying my hardest to understand if this is the best move I could pay off the 2546.00 in about 2 months. What does Total Education indebtedness mean?? Also what does it mean when it says "Your Other Eligible Education Loans" I'm so confused right now.

The collection agency is in a rush for me to sign this. I want to know if I'm making the right decision. I hope someone will have pity on me and help me out with this one. Also if I sign this they get 18.5% added to the principal (sigh) I know I did this I'm just trying to make the right decisions to fix it.

Thanks in advance

DesMoines

[LynnInMN]

Couple of things...who is currently holding these loans??   DOE or FFELP guarantor?  

If your loans are DOE,  rehabbing may be the better opinion.  The 18 .5% collection fees are waived for DOE loans.  Rehab is also the better opinion creditwise

Who is the consolidating lender?    My preference is always for Direct Loans.

[pymintz1]

Hello no mine are FFEL the first loans were already consolidated the other loan is stafford subsidized. And yes Direct Loan has my account I'm confused on which way to go since they want my tax paperwork to do the income contingent. my other choices are the standard, or extended I believe. Once put together the amount I will owe is 17, 637.11. I also noticed something else when I checked my records the school they listed that I went to I did not go to that school, the school I attended went bankrupt does this change anything. I was told back then that I could have got out of it since the school went bankrupt. Any ideas on this thanks in advance.