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Sallie Mae loans

Total Posts: 1

Joined 2011-07-29

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I have 2 different types of loans. Both are from Sallie Mae but one is under the tab “Sallie Mae (federal and private)” and the other is under Dept of Education Federal Loans. Can these be consolidated together? Will this mean I will then only have one payment instead of the 2 I currently have? And, will this one payment made under IBR qualify me for Public Loan Forgiveness?

I was unable to watch the recent webinar…I’m sure you answered all of this. Sorry!

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Total Posts: 604

Joined 2011-03-30

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Sounds like you probably have FFEL (federal) loans and private loans from Sallie Mae as well as federal loans from Federal Direct.  The FFEL loans can be consolidated into federal direct and be eligible for PSLF but the private loans can’t.