When should I consolidate my federal and private student loans?
It concerns me that you are paying on your Student Loans while still attending school. Private Loans are always a tricky thing to work with since the terms vary from Lender to Lender so it is rather difficult to answer your question accurately. When dealing with you Federal Student Loans you are not able to consolidate those until you graduate school or drop below half time status as a student. As of July 1st, 2006 students with Federal Loans are no longer able to consolidate them while in school at least half time. In addition, you need a minimum balance of $7,500 in order to consolidate your Federal Student Loans together. Dealing with your Private Loans, are they Private Student Loans or just a Private Loan? If they are strictly Private Loans that would explain why you are in repayment before you are even out of school. If you are interested in consolidating your Private Student Loans I would wait until after July 1st, when programs are expected to improve. Also keep in mind that yo
