Existing Consolidated Loans

Questions about student loans for graduate school, including medical school, law school, business school, etc?

Moderator: Financial Aid Guru

Existing Consolidated Loans

Postby Manarolla » Wed Jan 20, 2010 6:26 pm

I currently have an existing student loan from graduate school in 2004 - 2005. I consolidated with ACS several years ago and am looking to get a lower interest rate. It's currently fixed at 5.25% w/ ACS. I believe the loans were originally federal loans but are they still considered federal or are they now private? Also, in looking at my account my loan is referred to as an FFEL loan if that helps. thanks for any advice you can give on how i might be able to reduce my interest rate.
Manarolla
New
 
Posts: 1
Joined: Wed Jan 20, 2010 6:22 pm

Re: Existing Consolidated Loans

Postby kristinem17 » Fri Jan 22, 2010 1:09 pm

Yes your loans are federal loan. Unfortunately, once you have consolidated a loan it can not be consolidated again.
kristinem17
Student Advocate
 
Posts: 250
Joined: Mon Sep 28, 2009 9:34 am


Return to Graduate Loans

Who is online

Users browsing this forum: No registered users and 1 guest