How Do You Consolidate Private And Federal College Student Loans?
If you are or were a college student and took out more than one student loan, you might want to consolidate your student loans. Here are some things to consider and do in order to consolidate your loans into just one or two monthly payments. First, make a list of all of your loans, balances, and lenders. Consolidation of school loans is an important process, and having all of your paperwork in order is of utmost importance when you undertake a consolidation. Make sure that your list is complete before going forward with any loan. Make sure that you are current or within the grace period on all of your student loans. Being behind on any of them could adversely affect your qualification for a consolidation loan. If you have both private and federal loans, separate your list of student loans into two lists: federal and private. Never consolidate both together, because you would forfeit any benefits that one type of loan has if you consolidate it with the other variety. Shop around for a l
