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re: Consolidating Student Loans

Posted on 10/19/14 at 4:00 pm to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/19/14 at 4:00 pm to
quote:

generally its not in your benefit to consolidate. This is called credit shuffling, and doesnt really benefit you unless you are getting some kind of government assistance with lowering the rate.


So our two loans at 6.8 and 7.2% consolidated into one at 4.15% was a bad idea? Got it.
Posted by saderade
America's City
Member since Jul 2005
25752 posts
Posted on 10/19/14 at 4:38 pm to
quote:

So our two loans at 6.8 and 7.2% consolidated into one at 4.15% was a bad idea? Got it.

Very curious where you got this done. Not for myself but for my sister
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16335 posts
Posted on 10/19/14 at 6:40 pm to
If you don't mind, how many years did you refi for and is that a fixed or variable rate?
Posted by Lsujacket66
Member since Dec 2010
4796 posts
Posted on 10/27/14 at 1:16 am to
quote:

quote:
generally its not in your benefit to consolidate. This is called credit shuffling, and doesnt really benefit you unless you are getting some kind of government assistance with lowering the rate.


So our two loans at 6.8 and 7.2% consolidated into one at 4.15% was a bad idea? Got it.


que the government assistance portion of my post
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