I have a loan with citiassist and it was at $57,000 and now its at about $47K, I pay $600 a month for it !!! I cvannot consolidate bc its a private loan and not a federal loan...is there anyway i can get rid of this faster?? or is there some sort of money that i couldve gotten from the gov't and did not know about?
2007-01-18 02:59:11 · 4 answers · asked by NM 3 in Education & Reference ➔ Financial Aid
Check out the following website: http://www.finaid.org/loans/privateconsolidation.phtml. They have an extensive list of private consolidation lenders who are big names in the private loan industry. They offer a variety of programs that may help bring down your student loan payments making your monthly payment easier to handle.
Good luck!
2007-01-18 03:52:38 · answer #1 · answered by Courtney H 2 · 0⤊ 0⤋
Probably could have gotten a different loan, but that's passed now.
Look at refinancing with your bank or other lending company. I paid off my 38k in two years after getting a loan to consolidate my credit cards that I had used to pay tuition and for food.
The prime thing you want to do is lower your interest rate. Elongate the payment plan if you need to, as most plans will let you pay off your loan early to reduce the amount of interest you are paying.
2007-01-18 11:47:45 · answer #2 · answered by MarauderX 4 · 0⤊ 0⤋
My ex consolidated his private loans, I don't know who told you that you can't, any credit based debts should be able to be consolidated. Have you tried contacting a credit counseling agency and see what they say?
2007-01-18 11:42:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋
i used this site to lower my student loans a LOT! highly recommended..
2007-01-18 18:38:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋