Quote:
Originally posted by Rubyee
Okay, new question.
This may have been asked before, but I didn't see it, so I apologize if it has been.
I have two student loans- one for each year I was in school. They are both through the same place- Iowa Student Loan.
There is an option to consolidate my loans on the website. What does that mean and should I do it?
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Basically if you were to consolidate the two loans, you would take them both and just have one larger loan. I would certainly check into it, and if consolidating them offers you better terms than you currently have (ie lower interest rate, lower payments, ect) then I would go ahead and do it. If the terms are not favorable, I would hold off.
If you have any more questions, please ask!