Consolidate student loan
What should I do, is it better to consolidate my private student loan first or my federal student loan? What or who is a good company that can help me do this?
Can I consolidate both loans together?
Sallie Mae is the best company to go with. You can consolidate them both together, of course but if you're looking to go individually, private loans should be paid off first.
OK, so as I understand it it is better to pay off a private student loan before a federal student loan because of a lower interest rate on the federal loan? Is that right?
I'm still a bit confused how student loan consolidation can help me. Is it a better idea to keep them separate and pay off the private loans first?
I would just stick with the private loan. Sallie Mae is a really good company to go with. The rates are great, they're lenient, reputable.
Its better to stick with the federal bank loan because, the private loan offer a very high percentage of interest. It will be difficult once we are continuing the private loan and surely the rate of interest will be much lower in federal bank loan, so go for the federal bank loan and consolidate your private loan.
