https://studentloansherpa.com/all-in-student-loan-consolidation/ Expert Guidance From Personal Experience Wed, 21 Jul 2021 21:28:35 +0000 hourly 1 https://wordpress.org/?v=6.7.1 https://studentloansherpa.com/all-in-student-loan-consolidation/comment-page-1/#comment-1536 Wed, 31 Dec 2014 20:59:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=1993#comment-1536 You can combine private and federal student loans with SoFi. I left my low interest undergrad student loan untouched. I consolidated federal and private law school loans. My private loan was in the high 8’s and variable. My federal loans were in the 6’s. My SoFi loan is in the low 5’s. I was also able to get rid of my cosignor. I will pay my loan off faster and save at least $17k over the life of my loan. I was very happy with the process. I’ve been using SoFi for at least 6 months now without issue.

]]> https://studentloansherpa.com/all-in-student-loan-consolidation/comment-page-1/#comment-1537 Wed, 31 Dec 2014 16:03:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=1993#comment-1537 I want to add that I know some people consider consolidating private with federal risky but in my situation, it isn’t. I’m 5 years into paying the 10 year federal loans. I’m married and with my husband’s income I do not think I would qualify for IBR. Also, SoFi has their own forbearance options in an emergency. I will not be working in the public sector so forgiveness in 10 years is not an option for me. There are also some protections with private loans. Federal loans get super priority where they can garnish social security checks and tax returns and you are barred from working in federal employment if you have federal loans in default. Private loans don’t have quite as broad collection ability. In many states, social security cannot be garnished by private companies.

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