Private Loan Consolidation - What are my options?

Talk about various private student loans and how they can assist you.

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Private Loan Consolidation - What are my options?

Postby chatty06 » Mon Jan 18, 2010 12:59 pm

Hello, I have a very large private loan (80,000) that will be finishing the graduated plan this march. The new payments will be almost $800/month! It looks like the only option I have is Wells Fargo. What can I do if Wells Fargo doesn't accept my loan consolidation request? It looks like all other options are not available at this time. These new payments will be to large for me to manage on a monthly basis. I have used all of my deferment and forbearance. What are my options here if Wells Fargo doesn't work out? Thank you for your help
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Re: Private Loan Consolidation - What are my options?

Postby kristinem17 » Tue Jan 19, 2010 2:22 pm

Unfortunately, a lot of lenders have pulled out of the private student loan consolidation market. You are right in that Wells Fargo is one of the only companies doing private student loan consolidations. Unfortunately, I am not really sure what other options you have. I would apply with Wells Fargo first and then see if you need to worry about other options.
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Re: Private Loan Consolidation - What are my options?

Postby Stuartthomas » Fri Aug 13, 2010 12:28 am

i know a few of them but i am not sure they still do a private loan consolidation..just check them out..
Chase Private Consolidation Loan
NextStudent Private Consolidation Loan
Student Loan Network Private Loan Consolidation
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Re: Private Loan Consolidation - What are my options?

Postby ejacobs » Tue Aug 17, 2010 9:56 am

Chase no longer performs consolidations... and the Student Loan Network partners with Wells Fargo for that consolidation product.
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