Consolidating student loans through sallie mae
But it’s only for federal loans, and it won’t cut your interest rate.
Consider federal consolidation if you: When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.
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Consolidate student loans at Sallie Mae by deciding whether you want the lowest possible monthly payment or if you want to save money over time on your student loans.
Before you call Sallie Mae or go online to apply for consolidation, have all of your student loan information handy so that you can answer any questions.
Check the interest rates as you prepare to consolidate student loans at Sallie Mae.
Another benefit of consolidation is locking in one loan at one fixed interest rate.
Log in to and click on “Complete Consolidation Loan Application and Promissory Note.” You’ll need to finish the application in one session, so gather the documents listed in the “What do I need? You can either get a repayment timeline based on your loan balance or pick one that ties payments to income. Continue making student loan payments as usual until your servicer confirms consolidation is complete.