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re: Consolidating Student Loans
Posted on 10/19/14 at 1:35 pm to The Bruce
Posted on 10/19/14 at 1:35 pm to The Bruce
So let's say she has one with significantly higher interest rates and doesn't consolidate them. Can she just pay off the higher IR one first or will she have to pay both off at the same time?
1
Posted on 10/19/14 at 1:45 pm to LSUsuperfresh
If you don't consolidate, you still have access to each loan. If you do consolidate they are looked at as a whole but with the original interest-rate.
I think that's the whole point of consolidation, that is just a scam to get the borrower into paying those higher rates longer.
What is the advantage? You get just one bill instead of a few?
I consolidated six loans and half were federal and half private, I receive one bill, but if I didn't consolidate I don't think I would get six individual bills maybe two
I think that's the whole point of consolidation, that is just a scam to get the borrower into paying those higher rates longer.
What is the advantage? You get just one bill instead of a few?
I consolidated six loans and half were federal and half private, I receive one bill, but if I didn't consolidate I don't think I would get six individual bills maybe two
This post was edited on 10/19/14 at 1:47 pm
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