<p>I've seen some threads on here related to the subject, but they're all pretty old, so I thought I'd ask again. I'm mostly looking at the Sallie Mae Smart Option loan now. I was surprised that it couldn't be consolidated, so in four years I/daughter will be making four payments a month instead of one. With potentially different interest rates, maybe that makes sense, but what a pain. So the question is, does anyone know of any private loans that offer consolidation? Can any of the 3rd-party financial orgs do that, even if the original lender can't/won't? Thanks.</p>
<p>Wells Fargo
cuStudent</p>
<p>But do private lenders offer forebearance and other protections if she does not get a job right away?</p>
<p>If you have multiple loans, you can pay off the highest interest one first. You can pay one off fast when you have money, and then have a lower payment total with the rest in case you lose your job. With one loan, your payment stays the same big size until paid off.</p>
<p>You cannot just ignore the loans if you want to pay off the largest first. OP, yes, your daughter (or the borrow) can end up with multiple loan payments every money. Usually, loans of the same type can be consolidated. </p>