Vincent Said:

I have consolidated my student loans but forgot to consolidate another loan, is it too late to add?

We Answered:

You have 180 days after you have consolidated your Federal Student Loans in which you can roll in any additional loans that may have been left out or you had trouble including in your original consolidation.

Simply contact your Servicer of your consolidation loan by phone and inform them that you have an additional loan that you would like to have included in your consolidation with them.

If you would like more information please visit the link below. Hope this helps you out!

Mae Said:

can you consolidate your student loans if your loan amount is under $10,000?

We Answered:

Consolidate Student Loans Under $10,000

If you have a federal student loan then you can consolidate your loan starting from $7,500.

You can use http://www.scholarpoint.com to consolidate your loan. There are calculators to tell you how much you're paying each month before you consolidate your loan. However if you're studying again don't you need to get another loan?

Visit http://www.consolidatestudentloanscritic.com for a quick introduction to how loan consolidation works. Well if you're getting another loan then before you consolidate get, a new federal loan and then consolidate both loans.

This is the best way to go. Because $8,000 is not a lot to consolidate so if you need the money you might as well borrow more.

However if you consolidate your current loan of $8,000 there is a way to re-consolidate your loan again. Here's a brief outline.

1. Get a new federal loan for let's say $10,000 at 6.5%.
2. Then, talk with your current loan consolidator and tell them you want to combine a new loan with your current consolidated loan. Some lenders will allow you to do this but before you consolidate ask them first!

Hope this helps and good luck with your new grad course!

Deanna Said:

Can I consolidate my student loan right before the grace period ends?

We Answered:

Yes, it's a good idea to consolidate right before grace ends, that way you can get all the benefits of your grace period (such as not paying!) yet still get the interest rate reduction of consolidating during grace. If you ask them, you can apply now and Sallie Mae will hold your consolidation application during your grace period and complete your application just before grace ends.

Be careful whom you consolidate with. Borrowers should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender.

Glen Said:

rehab or consolidate student loan?

We Answered:

Rehabbing it. Rehab is the only way to get it out of default, even if you consolidate it.I believe that consolidating only means all your loans go into one payment, but you're still in default.After 9 monthly payments your loan will come out of default status.If you're worried about this tax refund, maybe if u go into rehab right away they'll remove the offset by april 15th.Good luck.You really should try and get it rehabbed before they start garnishing his paycheck, because then you have to make 9 voluntary payments in addition to the wage garnishment.