Is it okay to consolidate my federal student loans even though i'm not sure i'l find a job to pay them?
Asked by marcial sFavorite Answer
Answered by caba
It depends on how long you want to be paying them back. When my husband and I married, we consolidated our Stafford loans. It brought our student loan payment way down. However, we are still paying the loan off and would have finished paying our individual loans off by now had we not consolidated. If given the decision over again I would still consolidate, though, because it was right for us. Talk your concerns over with a loan officer in the financial aid office about your questions/concerns and/or talk to a loan officer through your lender(s). They can help you run the numbers for what might be better for you. Good luck!
It depends on how long you want to be paying them back. When my husband and I married, we consolidated our Stafford loans. It brought our student loan payment way down. However, we are still paying the loan off and would have finished paying our individual loans off by now had we not consolidated. If given the decision over again I would still consolidate, though, because it was right for us. Talk your concerns over with a loan officer in the financial aid office about your questions/concerns and/or talk to a loan officer through your lender(s). They can help you run the numbers for what might be better for you. Good luck!
