hi all - this is my very first post here! A friend referred me here and its been a big help! now, on to my question!!

I have no idea what to do... my hubby has a private student loan through acs lenders education finance partners for like, 23k and the interest rate just went up to 15%! The payments are almost 400 a month, which we can't afford, and I want to consolidate it with another company, but I have no idea what to do or where to start. Its currently in hiatus because he's in the military, but the payments are scheduled to start in july. He doesn't have great credit, but we need to find lower payments. Is there anything we can do? Thanks for any help - I am trying to take care of this for him because he isn't able to.

Melissa

Unfortunately consolidation loans for private loans are almost non existant. Even if you found one, your husbands credit could have to be better than when he took the original just to make any difference. Plus there are are origination fees as well.