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Allow for Private student loans to be consolidated just like federal ones.

Created by J.P. on October 26, 2011

Help the millions of students that were victims of unfair Private student loan practices. Students can be forced to pay upwards of 50% of their income just to keep insterest at bay while never moving the principal. Once defaulted, they are impossible to consolidate because you need amazing credit for private consolidation. The defaulted loan however causes a bad credit rating which in trun makes it impossible to get approved for consolidation. All Student loan help has been stickly for government loans. We must offer these victims a way out of this trap to allow these loans to be repaid. Give government consolidation loans to the holders of private student loan debt. Allow the owners the pay back under that same guidlines all federal loans are held to.

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