Consolidating college loans sallie mae
This program is called the Navient Rate Reduction Program.
This program was created to help borrowers who didn’t have the money to keep up with their student loans.
Fortunately, even if you are stuck with private loans, there are a couple of ways to make your payments go further.
One of the biggest developments in student loans over the past five years has been the growth of the private student loan refinancing market.
The problem with the program is that it isn’t a borrower right under the student loan contract, which means that Navient can approve or deny you for the program that their sole discretion.
She wants to know what she can do to fix this situation.
Getting back to Katie’s main question, the answer is no.
There is no procedure or mechanism in place to change a private loan into a federal student loan.
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It’s estimated that over 1.4 million borrowers have private student loan debt, with an outstanding balance of over 0 billion in loans.