Quantcast

Loan Consolidation

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.

Lefty

Senior Member
7+ Year Member
15+ Year Member
Joined
Nov 11, 2003
Messages
146
Reaction score
1

Members don't see this ad.
I am an MS4 currently. At this point in my education I have taken out my last student loan. However, I am about to start residency for 4 yrs during which time I most likely will not be paying back any money (I will defer my loans) like most residents. Does anyone know if I can consolidate my loans right now since I won't be taking any more out? Or do I have to actually be paying back my loans to be able to consolidate?

My loans are through Sallie May. Does anyone know where I could go for more info about consolidating my loans?

Thanks,

Lefty
 

mpp

SDN Moderator
Moderator Emeritus
15+ Year Member
Joined
Jan 18, 2001
Messages
3,403
Reaction score
27
If all your loans are with Sallie Mae then you are required to consolidate with Sallie Mae www.salliemae.com . Your loans must be in repayment or in their grace period to consolidate them. I do not think you can consolidate your loans until after you graduate.
 

Lefty

Senior Member
7+ Year Member
15+ Year Member
Joined
Nov 11, 2003
Messages
146
Reaction score
1
Thanks for the guidance. Sallie Mae's site is actually pretty useful. Now I can log on anytime I want from anywhere and just stare at how many thousands of dollars I am in debt!!!
 

GeneGoddess

Senior Member
10+ Year Member
5+ Year Member
Joined
Jul 2, 2004
Messages
495
Reaction score
4
You CAN consolidate your loans while still in school, but it must be done through the US Gov't (DIrect Loans). Not sure about the other thing (Sallie Mae only loans).
 

mpp

SDN Moderator
Moderator Emeritus
15+ Year Member
Joined
Jan 18, 2001
Messages
3,403
Reaction score
27
Yes, you are absolutely correct. You can consolidate while in school only if you have a Direct Loan. If you have even one Direct Loan (certain institutions are Direct Lending institutions where you don't go to a lender to get your money) you can consolidate while in school provided you include at least one Direct Loan in the consolidation.
 
Top