March 9, 2007, Newsletter Issue #7: Using a Private Bank for Loan Consolidation

Tip of the Week

It is not just the federal government who will work with you to consolidate your student loans. There are also a number of private student loan consolidation options available. If you have student loans, once you enter your repayment period many of these private companies will regularly send you notices in the mail encouraging you to apply for a student loan consolidation through them. There are a number of private banks and student loan companies who are willing to work with you on consolidation loans. Since there are so many options available through private sources, before deciding on one shop around for the best interest rates and repayment options to suit your needs.

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