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Consolidation of Student Loans (private and government)?

private student loan consolidation
JL asked:


Am I allowed to consolidate my Stafford loans with any private loans I have also gotten from lenders?

Posted by cyberandy on Tuesday, April 13th, 2010 at 9:18 pm.

One Response to “Consolidation of Student Loans (private and government)?”

    Some private consolidation lenders will allow you to consolidate federal and private student loans together. Sallie Mae *strongly discourages* you from doing this, as it may result in the loss of subsidies, grace periods, deferments and other benefits.

    It is possible to consolidate your private and federal loans separately but with a single lender so they are easier to manage. Make sure to understand all the pros/cons before you consolidate.

    Good luck!

    Left by Sallie Mae on April 16th, 2010

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