Student Loan Consolidation

[remus777]

Quick question. I am graduating from law school this May. I have a TON of student loans from several different banks. I want to consolidate all of them (separating the federal from the private of course) which is the best bank to do this with? I am thinking that Citibank is the most favorable. Does anyone know of anyway I can defer these payments for a while? What is the best advice for tackling student loans upon graduation? Can I get them off my personal credit report and put them under my business credit report? That would be GREAT!

[LynnInMN]

Quick question. I am graduating from law school this May. I have a TON of student loans from several different banks. I want to consolidate all of them (separating the federal from the private of course) which is the best bank to do this with? I am thinking that Citibank is the most favorable.

When it comes to federal loans, the terms will be the same regardless of who you consolidate with. Some companies do offer backend perks for ontime payments, auto drafts etc....but be careful of the secondary lenders....they then resell the loans and you loose the perks.

Federal loans are easily defered....read your lenders website.

 

Consolidation for private loans is a crapshoot. You really have to have better credit than when you borrowed for any interest rate reduction and then most times you have to deal with origination fees which can be hefty.

 

Private loans offer very little in terms of deferent. Each lender is different so read your lenders website. Also deferring them continues to increase your balance as the interest continues to accrue.

 

 

Does anyone know of anyway I can defer these payments for a while? What is the best advice for tackling student loans upon graduation? Can I get them off my personal credit report and put them under my business credit report?

Nope...won't happen. They are consumer credit.

 

That would be GREAT!