My daughter in law has 2 private Chase student loans totaling $67,000 at 8% interest!(Dumb, I know!) She says she cannot consolidate them because they are not Direct loans they are private. I think she is wrong. Can you point me in the right direction?

Terry Says:

Your daughter is wrong!  There IS a way to consolidate and get a lower rate on private student loans — IF she has a job and a good credit rating!  Read this recent article on refinancing student loans.

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