Consolidate college loans?
I have several different loans, for different amounts, from different companies (Wachovia, etc.), and they are always getting “sold” to each other. It’s so hard to keep track of them! I have a folder 3 inches thick of letters, bills, etc. from them. Is best option to consolidate? Will it make it easier? Cheaper? What does it entail? How easy is it? THANK YOU! It sounds like you have private student loans. If you can … It sounds like you have private student loans. If you can consolidate them you can usually get a better rate on Federal loans and the rate is locked in on those loans. Private loans they can raise your rate anytime they want. You usually cannot get a locked in rate with them even if you consolidate. But it might save you some time. Bottom line if they are federal loans, definately consolidate them. Private might save you some time, but not necessairly any money. Definitely consolidate your federal student loans as soon as … Definitely consolidate your federal student
