Who's the best company to consolidate loans with?

[beezar]

---

Members don't see this ad.

So many different companies/banks to consolidate with...

So who's the best? I know lots of companies offer various benefits such as knocking down the interest rate 1/4% if you have them directly withdraw from your checking account.

I heard collegiate funding services was pretty good, but anyone have any other ideas?

 

[GeneralTso]

Anyone except Sallie Mae

 

[lucas]

whats your beef with SallieMae?

 

[Pureride]

I was wondering what diferrent companies offer consolidation. Can anyone provide a link or some info about different consolidation companies.

Thanks!

Lucas...12:30

 

[rohsik]

Originally posted by GeneralTso
Anyone except Sallie Mae

I was actually thinking of consolidating with them, seeing that all my loans are with them.

Do you mind telling us why you suggest anyone except sallie mae?

 

[R U SED 8]

Originally posted by GeneralTso
Anyone except Sallie Mae

Hey Generaltso,

as one of the many who took loans out with sallie mae, i'm hoping you'll please fill us in.....

BTW, i checked out your (iowa loan) referral from the other thread. turns out that they (and most others) WILL NOT consolidate sallie mae loans unless SM provides authorization/release. and considering most graduating med students have built up a hefty debt, i don't see SM agreeing to release these loans very easily......what a bunch of bureaucratic b.s. red tape!!!! 😡

 

[lucas]

Forget Sallie Mae, go with Federal gov's plan.

 

[R U SED 8]

hey lucas,

not sure exactly what you are referring to by "Federal gov's plan"??? do you have any details or specifics on what their benefit package is?? thanks! 🙂

BTW what d'yall think of the MedLoans program (SallieMae, unfortunately)!? this gives us the 1/4% for automatic payments, 1% after 48 months and even an additional 1% cash back after 33 months. so far this seems like the best thing i've come across....

 

[Axe]

The federal governemtn are run by the DOE I believe and are called Direct loans. Their benefits are nothining special and trail what you can find in the private sector.

I think Citibank or Wells Fargo has a 2% rate reduction after 24 months of timely payments so its better than Sallie Mae.

 

[michigangirl]

Hi, I just checked out www.financialaid.com, they reduce your rate 1% after 36 months, which seems pretty good, and I believe you get the .25% decrease with electronic debit too..