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re: Consolidating Student Loans
Posted on 10/19/14 at 1:03 pm to iAmBatman
Posted on 10/19/14 at 1:03 pm to iAmBatman
You might not want to if you have different interest rates. I consolidated and have loans at 2 1/2% and 6 1/2%. Now I cannot pay off the 6 1/2% and keep the 2 1/2%. I have to pay them all equally. 2 1/2% is good debt, 6 1/2 not so much.
1
Posted on 10/19/14 at 1:07 pm to Rust Cohle
How many loans at what rates and principal? Consolidation might not be the best option. If you have some lower amounts at higher interest rates then you should just concentrate on those first.
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