Great info! I am glad I found this forum! (newbie here)
I have a rather big amount in private student loan (50+K) that is in repayment status (with Sallie Mae). Paying my monthly due without a problem. The thing is that everytime I hear about interest rates going up and do the math of how much it means to me in terms of interest only I am annoyed.
I have been checking for consolidation offers for private loans and the best/concise one I have found is nextstudent.com
I have read and researched and so far I do not find anything that would put me in a loophole if I consolidate with them. The only benefit I am striving for is the fixed interest rates. I am trying to pay the total as soon as possible anyway. Not taking the full term of 20 years or so. Rather pay it in 5 if possible.
[B]I'm looking for comments/suggestions if any of you have consolidated private loans, if there is anything to really pay attention to.
I went to school in Nashville.
Thanks in advance for any comments.
[No spamming. Thanks, Admin.]