Should I consolidate my private student loans before the June 31st interest rate deadline?
Asked by GraftI know that the Federal interest rates will be going up to 7.25%, but are the private rates expected to follow suit? Also, is it possible to consolidate federal loans together with private loans in a private loan consolidation loan?
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Answered by I'm Gonna Tell You
Only consolidate if you have over 10k in loans, otherwise it's really not a big $$ savings. If you want to lock in your rate, it locks your loan in, and you can't move it to another lender.
Only consolidate if you have over 10k in loans, otherwise it's really not a big $$ savings. If you want to lock in your rate, it locks your loan in, and you can't move it to another lender.
