My fiance has 3 loans through Sallie Mae; 2 Stafford and 1 Career Training. The 2 Staffords are at 4.7% interest but the Career Training is at 17.25% When I try their consolidation calculator it won't include that loan in it. Is there anyway to consolidate this? With that interest rate the final payoff is just under $6000 for a $2625 loan!
threeve
Jan 13 2006, 02:25 PM
The career training loan is probably a private student loan. Federal and private student loans cannot be consolidated together. You might try making extra payments toward that loan to pay it off early, if you can afford to do so.
MrsRNA
Jan 13 2006, 03:06 PM
Thanks Threeve! I just told my fiance as soon as he can to pay as much as possible towards that loan or to see if his mom could loan him the money to pay it off and then pay her back!
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