[megan_12]

Can you consolidate private student loans? If so what company would be able to help me with this?

[SOAPLADY]

I dont know of any lenders consolidating private loans right now. Have you done a google search to check??

[drjonah]

I don't think there are any right now. Not only that, but if there was one, you would need near perfect credit to even be considered.

Which is better Rehabilitating or Consolidating?

[SOAPLADY]

One is not better than the other...both have advantages and disadvantages.

Read the stickies at the top....it explains both programs.

SOAPLADY --- I have an outsanding $10,000 interest balance on my defaulted 3 Stafford loans. If I consalidate with Direct Loan, are they going to add that to my principle and make me pay capitalized interest. I think right now, on my original 3 defaulted stafford loans, the interest is not capitalized.

[SOAPLADY]

your interest will be capitalized into you new loan.

I have over 100K of student loans, some of which are federal loans and most of it is from Sallie Mae. I have more than 3-4 collection companies who are trying to collect from me. I already studied alot about the rehab program and am ready to do so, however, I am not sure who to contact first?

[SOAPLADY]

Only federal loans are rehabable. Sallie Mae originate both federal and private loans. You need to figure out which loans are what and who are the guarantors. Check NSLDS for your federal loans.

It really doesnt matter who they are from but who they are with now.