Quote:
Originally posted by Jesus Pimp
I have 2 student loans, one private, one federal. There's no way for me to consolidate the private loan I just found out. As for the federal loan. Should I consolidate it?
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Sorry About the Delay! I have been pretty busy lately, and haven't had a whole lot of extra time on my hands... I just got a new job (same field-lending) and I just have a lot of things that I've had to do.
As to your question, Jesus Pimp, I would check it out. See what interest rate it would be if you consolidate it, as well as what the payments would be. If it would be advantagous, consolidate. If you want, you may want to wait to see if the rates go down anymore. I know a few people that have their loans locked in at 9.5%... a great rate at the time, but...
The moment you hear that the interest rate is on the rise (If they raise prime rate) I would consolidate and lock it in if it is lowering your rate.
Thanks for posting!