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RocketSquid's avatar

What's a good way to get student loans organized?

Asked by RocketSquid (3465 points ) November 17th, 2009

I have a couple of different companies that my student loans are going through. The primary is Sallie Mae, although I guess there’s a difference between private and federal loans (both through Sallie Mae), plus a third through Chase. The problem I’m running into is that not only Sallie Mae is incredibly uncooperative with consolidations and most debt relief companies, but have a tendency to tell me one thing and and do another.

Does anyone know of any debt relief companies, consolidation techniques or anything at all that can help me get this under control?

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3 Answers

dpworkin's avatar

See if you can get the Federal Student Loan Program to take over your debt.

DrasticDreamer's avatar

If you haven’t done so already, I suggest opting for the income-based repayment plan on all of your federal loans. Anyone with federal loans is eligible.

This site has a lot of advice. It also lists the best companies to go through, if you should decide to consolidate private loans. It tells you the good and the bad – particularly what to watch out for: http://www.forbes.com/2009/04/15/student-loans-moneybuilder-personal-finance-consolidate.html

PandoraBoxx's avatar

@DrasticDreamer, great article, thanks!

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