Skip to main content
No. of Recommendations: 0

I was tooling around on the Sallie Mae site and saw a link to consolidate. I, like a lot of people on this board, I'm sure, have been playing around with the idea, but I'm going to wait until the feds announce their interest rate plans before I know if now is better than later.

Anyway, I click on the link and it asks me a series of questions, one of which is "Do you have more than $7500 in student loans?" Well, darling Sallie Mae, as of last month I am 300$ shy of that goal. After today, I should be $1000 below par. Which makes me happy, personally. That student loan is going DOWN!

Anyway, it wouldn't let me consolidate, even if I wanted to. Apparently I have to have $7500 or greater in order to consolidate. Is that just Sallie mae or is that everyone? How crapalicious is that? If I can't consolidate, guess I'd better get crackin on this loan. If the rates hike, my nice 3.42% interest rate could be history...

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.