Consolidating graduate school loans
I contacted student loan guru Mark Kantrowitz at Fin Aid.org, who says just three lenders still offer consolidation: Chase, Student Loan Network, and Wells Fargo. You should also know that there are no fixed rates on consolidated private loans; your interest rate will probably be tied to a benchmark like the prime rate, so when that rises, so will the rate on your loan.
Finally, if you have a solid job and a solid credit score, think about looking into a personal loan at a bank or credit union.
Loans can’t be canceled because you didn’t get the education or job you expected, and they can’t be canceled because you didn’t complete your education (unless you couldn’t complete your education because your school closed).
See your school’s financial aid office for further information.
You are generally required to repay your student loan.
Also ask your loan servicer about your options for a deferment or forbearance or loan consolidation.
If you don’t make your student loan payment or make your payment late, your loan may eventually go into default.
When it comes to repaying your federal student loan, there’s a lot to consider. You don’t have to begin repaying most federal student loans until after you leave college or drop below half-time enrollment.