How can I consolidate bank loans?

[WillyBrandt]

I took out a number of college loans to pay my way through. They are not Federal loans, but instead bank loans--unfortunately, they're all at around 6.5% or so.

Is there any way that they can be consolidated into a single personal loan? How do I get this done? I don't have a house that can be mortgaged, but I make decent money, and have a good credit record.

I'm really ignorant about this: any help appreciated!

[metisnation]

1. get a zero interest or ARM

on a house and use the appreciation to pay it off in a few years.

[nini]

2. try Sallie Mae or other lender

and see if they will give you a consolidation loan.

I remember getting offers from there for this when I was paying off my loan with them.

Do you have parents that will do a loan against their equity in their house? That would be a low rate.


good luck, I hated paying those off.. but did :-)