STYLETHREAD -- LET'S TALK SHOP!

GucciGal19 · BCBG

Repaying student loan advice needed

Farrah · Marc Jacobs

Have you looked into Sallie Mae or Nelnet? I am not sure if they do private loans, but they are both reputable companies that will really work with you on your repayment. Good luck!!

pollyjean23 · Marc Jacobs

Another vote for Sallie Mae. I think they consolidate private loans. Not sure.

Dizzy · Marc Jacobs

Sallie Mae stopped private loan consolidation last year. I don't know any companies still in it. Be careful with these loans. There really aren't many rules on the private loans, in terms of fees and interest and grace periods. Lenders have become VERY harsh, since most people who went to private loans had poor credit ratings (or in some cases could have qualified for better terms but were steered to the private loans by the schools). There are a number of class action suits. You might want to google your lender AND servicer, to see if there are any suits or protections you qualify for.

Whatever you do, don't fall behind in your payments, because they rolled back bankruptcy protections a couple years ago.

Good luck!