I’ve got one loan with Direct Loans, and two with Sallie Mae.
Sallie Mae is offering the lower pre-July interest rates as long as I fill out their concierge consolidation form before tommorrow, even though I don’t have to actually submit my signed application untill August 1st, 2005.
As long as my Direct Loans consolidation application is postmarked by midnight tomorrow, I can still get the pre-July rates. They won’t give me untill August.
I asked the Sallie Mae Customer Service guy to try and sell me on why I should pick them, and he rambled on about a few things like payment flexibility and incentives to use electronic debit. The only question I could think to ask was whether or not they would allow domestic partners to consolidate, and he said no. I asked if he know of anyone who did so, and he said no.
I’m not even going to ask the Direct Loans folks that question, considering the current administration…
I’m not very savvy with regards to matters of finance (in case you can’t tell by my horrid level of procrastination) and I’m pretty much on the fence as to which of the two I should go with. My girlfriend and I are both currently split between the same two lenders, and we’re trying to decide which last minute wire to dive under. We have no plans of trying to consolidate together, it just seemed like a matter of principle that would help us off of the fence, but oh well, which leads me to the Teeming Millions.
I have always intended on consolidating with Direct Loans on the grounds that the government might be slighly less inclined to suck me dry compared to a private lender, but in the years that have passed since graduating, I’ve aquired enough wisdom to realize that I really haven’t a damn clue as to which is the lesser of two evils in this situation.