February 27, 2016
I have about 89K in loans and I make about 60K a year but my real income is 70K thanks to quarterly bonuses I make at work. I didn’t finish my undergrad although I am some 10 credits away from that but thanks to work right now I cannot finish up.
I am looking to consolidate my loans but doesnt seem like I can with any lenders until I graduate? Is there any lenders that will consolidate with me despite the fact I haven’t graduated yet? Do they even check this?
I just want to consolidate and make large payments to get rid of my debt. I have some credit card debt I am trying to work through as well. If I can consolidate it makes it easy for me to pay off my debt quickly. If I cannot it makes things increasingly difficult and my student loan payments alone add upto 1600 a month!
May 3, 2014
First, let me apologize for the late response. My forum notifications ended up in the spam folder for some reason.
Second, I really like your plan and how quickly you want to take care of the debt.
Lenders will look into whether or not you graduated as it is required as part of the underwriting process for consolidation. If you want to lower the payments right away a personal loan may be your only solution. But before jumping directly to that option (interest rates will be higher), its worth your time to call around to a few lenders to explain your situation. I personally do not know of any, but that doesn’t mean that they don’t exist.
Good luck and keep us posted.
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