Signature Loans were Sallie Mae’s flagship student loan for many years.
In the case of student loans, consolidation means you can deal with fewer creditors, and with paying less interest over the life of your loan. However, before you jump on board, you should know that there are some situations where consolidating student loans may not leave you with post-clutter bliss.I realize that may not be helpful right now, unless you were able to identify a source of cash that would allow you to settle the student loan shortly after the job loss. Recent reports show that over 10% of government backed student loans are in some form of delinquency. With the spreading awareness of the student loan bubble popping I do expect more options on private loans in coming years.But I am pointing this out to show that even saving up money over time to settle the student loan is better than no options. But there are just no great options for dealing with unmanageable private student loan debts through Navient, NCSLT, Great Lakes, and other private student loan collectors right now. Update: I recently interviewed Andrew Weber for Debtbytes.—Horacio Unfortunately, at least for the time being, there are not many options for private student loans like those obtained through Sallie Mae.If the loan has not been consolidated using some of the government loan programs available, consider looking into this option.