What pitfalls might I encounter when consolidating my student loans ?

Answer Just one thing to consider is that once you consolidate you loose whatever grace period you have left. I would see if you can speak with a financial aid person at your school.

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Is Consolidating Student Loans a Good Idea?

Student loans operate under certain rules. Among other things, they can be consolidated more easily than any other type of loan, though rules also apply to this consolidation process. In general, s... Read More »

Does consolidating student loans count towards an aggregate amount?

A new consolidated student loan does not add to the aggregate amount of your student loans. Money borrowed directly from subsidized and unsubsidized Stafford loans, however, does contribute to the ... Read More »

What are the pros & cons of consolidating federal student loans?

The pluses:* One payment a month compared to how many student loans out at the time of graduation needing payments.* Fixed interest rate.* Different payment options.* More money to spend on other t... Read More »

Why Does Consolidating Your Loans Count Against You?

Multiple loans can create serious problems for borrowers, especially if the interest payments on the loans go beyond the borrower's ability to pay. In cases like these, the borrower has several opt... Read More »