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Public loans administered through Sallie Mae be consolidated with other student federal loans.
The agency used to allow student-borrowers to apply for the consolidation of federal loans directly, but this is no longer the case: They now have to apply directly to the U. Department of Education's Federal Student Aid division.
If a person needs relief from his Sallie Mae loans, there are options other than forgiveness.
Note: When we say "Sallie Mae loan," we are referring to a loan that originates with the agency; Sallie Mae also administrates federal direct student loans (confusing, we know).
There are also a number of federal loan repayment plans that can ease the burden for borrowers facing tough economic times.
A student who has an outstanding loan balance of more than ,000 is eligible for an extended repayment plan.Private student loans can only be refinanced or consolidated with other private loans, and public loans with other public loans.Unfortunately, Sallie Mae no longer offers private loan consolidation.For related reading, see "'My Student Loans Will Be Forgiven by the Government': Really? We’ve got you covered with our Student Loan Smarts blog series.