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Posted: Sun Jan 10, 2010 5:30 pm
by Posner
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Re: Law school Loan Consolidation

Posted: Sun Jan 10, 2010 9:51 pm
by tstyler98
A lot of banks/lenders aren't offering consolidation anymore, due to the economy. But you can go directly to Department of Education's loan consolidation website (http://www.loanconsolidation.ed.gov/). They have lots of information about consolidation, a calculator for figuring out how much you'll pay monthly, and you can consolidate directly through them.

I graduated with my M.A. in 2004, and consolidated my loans from undergrad and grad then (fortunately back when interest was low, 2.625%). It was a really easy process (although I did mine through Citiassist, which is who my loans were with). I plan to keep my previous loans separate from my new loans so I don't lose the great interest rate if I consolidate my loans for law school.

Re: Law school Loan Consolidation

Posted: Sun Jan 10, 2010 10:22 pm
by UCInfo
Which types of loans are you talking about consolidating? If they are federal loans (Stafford, Perkins, PLUS, etc.), you can do so through the federal Direct Loan consolidation program, as the previous poster mentioned. If you have private loans, you will have to consolidate them through a private lender.

Re: Law school Loan Consolidation

Posted: Sun Jan 10, 2010 11:11 pm
by Posner
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Re: Law school Loan Consolidation

Posted: Sun Jan 10, 2010 11:27 pm
by theavrock
I can only speak to my undergrad but I went through wells Fargo to consolidate my private loans. Super easy process.

Re: Law school Loan Consolidation

Posted: Mon Jan 11, 2010 1:48 am
by cconnoll
Any particular benefits or negatives to consolidating ones law school loans that I may not be considering?!?

Re: Law school Loan Consolidation

Posted: Mon Jan 11, 2010 11:50 am
by linquest
I posted some tips re: federal loan consolidation here-
http://www.top-law-schools.com/forums/v ... 5&t=100075

Am also interested in finding out about private loan consolidation companies.

theavrock- did you get a interest rate deduction as a result of consolidating thru Wells Fargo? Are you paying much less than if you had not consolidated?