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Is it possible to consolidate student loans that come from different banks? And how would I do that?

By admin | March 28, 2009

KristenM asked:


I have undergrad student loans from one bank that I consolidated, and then graduate student loans from another bank. I am graduating in August and at that point I would like to have them all consolidated so I am not paying 3 different people each month.

Raul
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    • Topics: student loans |

    No Responses to “Is it possible to consolidate student loans that come from different banks? And how would I do that?”

    1. Sgt_ducky Says:
      March 30th, 2009 at 9:18 am

      It is possible but, be careful about it. I could jack up your interest rates. Just talk to your loan officer at either bank and explain your situation and they should be able to help you.

    2. Shyanne Says:
      April 1st, 2009 at 3:07 pm

      Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.