Consolidate student loans?
Asked by junkmanMy son has 2 student loans plus scool expense on a credit card. I was thinking about consolidating them. He is almost complete, he goes part time and to a school that does not accept federal loans. The current loan is a private student loan and has been closed and sold to another instution. To get more money I would have to get another student loan, that would make 3 loans. Any advice ? thanks
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Answered by JRM
You probably will want to consolidate all the loans after he graduates to lesson the monthly payment. Check with the current holders of your loans to see what they offer as far as repayment incentives. If you aren't happy there then check around with other lenders...there are many out there.
You probably will want to consolidate all the loans after he graduates to lesson the monthly payment. Check with the current holders of your loans to see what they offer as far as repayment incentives. If you aren't happy there then check around with other lenders...there are many out there.
