Can I consolidate a PLUS loan, my direct student loans and a private loan?
Asked by Dr SI have way too many loans. Thankfully I finished college and got a good job. I heard that since the PLUS loan is in my parent's name and the rest are in my name, I cannot consolidate. Can anyone help me out here? thank you.
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Answered by recentgradtrish
It's a good thing that you're thinking about consolidation because it's a great way to lower your interest rates and to make monthly payments easier. Unfortunately you can't consolidate your parent PLUS loan with your other loans because your parent must pay it. And you can't consolidate federal loans with private loans. But you can consolidate any federal loans together and any private loans together. You can read more about student loan consolidation here: www.studentfinancedomain.com/student_loans/college_student_loan_consolidation.aspx Good luck!
It's a good thing that you're thinking about consolidation because it's a great way to lower your interest rates and to make monthly payments easier. Unfortunately you can't consolidate your parent PLUS loan with your other loans because your parent must pay it. And you can't consolidate federal loans with private loans. But you can consolidate any federal loans together and any private loans together. You can read more about student loan consolidation here: www.studentfinancedomain.com/student_loans/college_student_loan_consolidation.aspx Good luck!
