Question by melby: Is there any way to consolidate federal student loans with a private student loan before the july 1 deadline? I have 3 student loans through the federal gov't (perkins, federal direct and a "GATE" - AES loan). I also have a small private student loan through citibank. I want to consolidate all 4 by the July 1 deadline but no one will combine private and federal. I get ads in the but they all seem like scams to me. Any financial experts have any ideas? Best answer for Is there any way to consolidate federal student loans with a private student loan before the july 1 deadline?:
Answer by ximera
As far as I know consolidation is only on govt loans you cant consolidate a private loan.
Answer by James H
Have a look here.
The Department of Education is known to hire collection agencies in order to collect on defaulted Federal student loans. Since Federal student loans are different from other types of debt it is often misunderstood, and a collector may misrepresent certain solutions by twisting up their language. Debt Collectors still need to follow the FDCPA, as the account is deposit with an SEC Trust. Every Creditor (mis-represent as borrower) should be aware of their rights, and the factors that play a role in their own outcome. Find out the CUSIP and creditor name, SEC Filings by writing a FOIA Request to Dept. of ED www2.ed.gov Write a novation contract and present a settlement offer for the full settlement of the account and order the removal of the account off the credit report. Why is CREO HARMONY releasing this information? 1) Student Loan remedy is not easy to come by 2) Federal student loans are securitized and there is no Holder in Due Course 3) We have seen what student loan troubles can do to a sentient being. Family get torn apart, newly graduates cannot find a job or go back to school which leads to more debt, high school teens are now considering joining the military to obtain a higher education, and the list goes on... Everyone should be able to obtain a higher education Here now today, One prays to the Almighty God that anyone with a student loan be set free of their financial burden. And with love and gratitude, we wish all sentient live beings a life of peace and ...
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It will rebuild the country's roadways, extend the National Flood Insurance Program and maintain student loan interest rates that were set to double. �??This bill will keep thousands of construction workers on the job rebuilding our nation's ... Obama signs bill that creates jobs, halts student loan interest rate rise
We have to admit that everything now comes at high cost. A number of it may seem this really is caused by recession that was happened some years ago. Unhealthy news is the fact that education today can't come in an inexpensive price. If you're a student or parent using the children who are still in school, you might feel what I'm talking about. No matter where you reside, the developing as well as the industrialized countries, you might feel this way. As a human being, we all know that education is the most important thing in our life. The problem occurs at that time we now have no money to go in any school or college to obtain higher education.
Bad, lots of people make use of this reality like a reason not receiving higher education. If you have financial problem also it enables you to can't get higher education, it is time for you to change your mindset. There are plenty of ways you can try to decide to try get a higher education. The main thing you can try gets federal grants for individuals or scholarship. If you cannot get these both, you can try to obtain a education loan
As you know, there are two types of student loans. They're classified based on the party who issued the loan. The main one from the government called federal loans, while one from the non-public party called private loan. Many students who want to get the best feature come to obtain the federal loan. If you wish to have it, you can try to obtain them by calling the Department of Education United states.
Prior to applying for any of this financial aid, you need to be sure about the loan lender you choose. Ensure that it's the best one, or at best it may give you the best benefits. Another thing you should never forget may be the interest rates. If you wish to get federal loan, you will get fixed interest rates. It means that the lender won't improve your interest rates even after many years of your repayment period. If you wish to take the private education loan, you will get various interest rates. In fact, the lending company increases your interest rates based on the global fiscal situation.
It is a fact if you wish to get the best service, it would be better if you visit a federal loan. If you have no clue how to apply this loan, you can try to obtain as many information as possible from the web. In fact you can apply this loan online from the student loans.gov. Just surf onto it and get ready for your higher education. More Get Top Student Loans.gov Issues
