Start Consolidating student loans with different interest rates

Consolidating student loans with different interest rates

But there are times where refinancing is the right option and we’ll talk about those situations as well.

They both have very different pros and cons, and very different situations in which they make sense.

So my goal here is to correct that misinformation and show you exactly what student loan consolidation is and when it can help you.

Specifically, we’re going to cover the following: By the end of this post, you will know whether consolidating your student loans is a good idea and how you can get started.

It’s just better to consider any new private student loan a refinance since the main benefit is the potential for a interest rate, and since consolidation has a specific meaning when it comes to federal student loans.

Before we talk about why you SHOULD consider consolidating your student loans, let’s quickly talk about what it WON’T do for you.

In the past, people often had to deal with multiple loan servicers for multiple federal student loans.

That meant multiple bills to track and people to pay in order to keep everything in order.

The catch is that only certain types of federal student loans qualify for these income-driven repayment plans.