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Is it a good idea to consolidate Federal and Private Student Loan with a Private Student Loan Consolidate?

April 26, 2017consolidate Federal good IDEA private student loan

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Is it a good idea to consolidate Federal and Private Student Loan with a Private Student Loan Consolidate?

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No. This is definitely not a good idea as you will lose all the benefits of your Federal Loan by this method. If you have Federal Loan, you should consolidate them with a Federal Consolidator only. However, since they do not accept Private Student Loan, you can consolidate Private Student Loan with a Private Consolidator.