I am trying to figure out the best way to go about consolidating my private and federal student loans (Seperately).  I am currently deferring payments due to active duty service, however, I will be returning to the reserves soon and will need to begin repayment.  I have a civilian job, as well, however, I would need the payments to be reasonable due to my salary.  Not sure where to go for advice on what steps to take (or not take).  Any words of wisdom or points of contact? Would a financial advisor be able to assist me with this?



Sure, someone at USAA would be glad to help. Unfortunately, I cannot here in the forums though. A service specialist would be in the best position to address your concern. You can click here to provide us with additional detail and your member information. You can also reach a service specialist at 1-800-531-8722.

I have a lot of experience in this! I came out of college with over $140K in debt.

It really depends on how much you need to consolidate. WIth private loans, you will have to consider private consolidations. You are lucky because there are a handful of companies that offer that now. When I graduated in 2004, there was no such thing as private student loan consolidation and you could only consolidate your federal loans.


Good luck... feel free to contact me. I can offer my advice!

Hi MJdreamer82.   I have about $35K in student loans and they are currently on deferement. They are all with FedLoan servicing.  I have both subsidized and unsubsidized loans.  You said you have a lot of experience in this.    Would you mind offereing some of your insight, any tips or things you discovered to help pay this down faster or maybe even to to avoid a portion of it?  


I understand some of the basics: Pay down the ones accuring the most interest first and the ones the onese that have been acruuing since they began.


I am no longer a reservist or active duty and I do not hold a civil job that could forgive my loan.  I uderstand that $35K is not a lot buy my husband is like you, he has $160K of student loans currently in forebarence.  

Did anyone get good advice on this? I am in need to pay $119,500 off. The amount that fedloans is saying that I have to pay back equals my house note! My husband and I can't afford it. The fedloan people are going off our gross income together. His pay fluctuates every year because of over-time. 

Did you come out with any good information? I need some advice just like this


Thanks for reaching out in Community. If you haven't done so yet, give us a call at 800-531-8722 and a specialist can address your questions and concerns.