Consolidating sallie mae signature student loans

Depending on your lender, you might have access to specific forgiveness programs, but the availability of that will depend entirely on who your loan came from, what the terms of your loan are, and how bad your financial situation is.

Unfortunately, at the time of this writing there are no widely available “forgiveness” programs for private student loans.While there are a slew of Federal Student Loan Forgiveness Programs that allow debt to be completely wiped out, there aren’t any true “forgiveness” programs available to those who hold private student loan debt.Fortunately, even though debt forgiveness itself may not be available, there are a variety of ways that you can get effective debt relief for private student loans, some of which could stand to save you tens of thousands of dollars.As of January, 2016, there are at least 850,000 privately funded student loans in America, totaling about 0,000,000,000 dollars (0 Billion) and about 15% of our total outstanding student loan debt.Hundreds of thousands of Americans have sought private student loan help, with a huge percentage of that population seeking out private student loan forgiveness, but ending up incredibly disappointed.

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The way that student loan debt consolidation works is that you take multiple student loans and combine them into a single loan from a single lender, often resulting in a lower interest rate, more simplified payment scheme, longer loan repayment term and lower monthly payments.

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