CURIOUS: What are your chances of getting approved for Federal student loan consolidation?
Also, Do debt consolidation companies include federal educational loans into the consolidation?
If you have a federal student loan, and the loan company offered a 1800 # for a consolidation company to take the loan and pay it?
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Your chances are prob pretty good to consolidate federal student loans. Don’t consolidate federal student loans in any non-student loan consolidation loans, your interest rate will likely be higher and the interest you pay would no longer be tax deduct able.
i think anyone can consolidate their federal loans THROUGH the federal loan company (direct loans). the government works with students to allow them to pay what they can if you are having problems paying your loans off. i would not have another company pay off your federal loans and consolidate through them. your interest rates will end up WAY higher. call direct loans and ask someone what your options are there. that would be your best choice.