? regarding student loans.

[floridafam]

Okay. DH has student loans. A few years back we consolidated all of them and pay one payment to the Direct Loan Servicing Center.

We got a call today from Sallie Mae saying that we could consolidate again at a lower interest rate.

So, what's the catch? I thought you could only consolidate one time.

I doubt he's going to call them back as we are more than happy with the arrangement we have now.

Any advice?

 

[DVCLiz]

I don't know anything about student loans, but if someone I owed money to called and told me I could pay them back less than I thought, I believe I'd return the call!

 

[Microcell]

Okay. DH has student loans. A few years back we consolidated all of them and pay one payment to the Direct Loan Servicing Center.

We got a call today from Sallie Mae saying that we could consolidate again at a lower interest rate.

So, what's the catch? I thought you could only consolidate one time.

I doubt he's going to call them back as we are more than happy with the arrangement we have now.

Any advice?

I was under the same impression as you. I don't like my terms, so i may call Sallie Mae myself!

 

[floridafam]

I just talked to the DLSS.

We can't consolidate again with them but she said we are free to shop around.

Maybe we'll give them a call. We get mail almost daily about consolidating and I always shred it because I thought we could only do it once.

We'll have to check it out.

 

[rt2dz]

You are only supposed to consolidate once.

Have gone through this with DH's student loans.

We have discovered that they get the names of people who have student loans and offer the consolidation process to each of them, without knowing anything more than that they have a student loan. When you contact them they tell you that not only do you have to wait until you are done with school (DH just finished MBA), but you can only consolidate once unless you take on more loans.

 

[floridafam]

I always thought you could only consolidate once. too.

Both the DLSS and the people who called said that you can consolidate more than once.



DH is done with school. I'll see what they say when we call.