Friday, October 24, 2008

Loan Consolidation

Hey everyone,

Not sure if anyone still needs this kind of information, but in case you are interested in consolidating your student loans you can go to this website: http://loanconsolidation.ed.gov/. You can fill out an application online or you can call (800) 557-7392 to have an application mailed to you (I also called and asked some questions).

I hadn't realized it, but apparently no other lenders are consolidating loans due to some legislation that went into place last October I believe.

1 comment:

Katie said...

Thanks for posting this! I had gone on that website too but had not gotten around to calling. I called citybank and they did tell my that all loan consolidation is on freeze right now. I put my loans into the calculator and it looks like it will take my interest rate down a tad but I'm not sure if it would be better to get the citibank interest reductions for automatic monthly pay and for paying on time for the first 6 months.... I will post when I figure it out:)