- Joined
- Jan 25, 2006
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Hi all,
Back in medical school, I had two different lendors for my stafford loans. The loans are at the same interest rate, so I have nothing to gain in consolidating with the federally-based direct loan service financially. The only reason I have heard to consolidate the loans is to make one payment each month, instead of 2. Would there be any reason NOT to consolidate? For instance, if the world of consolidation changes, and say more banks will be willing to consolidate, might it be harder to then get a lower interest rate if your loans are all in one government account? Thanks!
Back in medical school, I had two different lendors for my stafford loans. The loans are at the same interest rate, so I have nothing to gain in consolidating with the federally-based direct loan service financially. The only reason I have heard to consolidate the loans is to make one payment each month, instead of 2. Would there be any reason NOT to consolidate? For instance, if the world of consolidation changes, and say more banks will be willing to consolidate, might it be harder to then get a lower interest rate if your loans are all in one government account? Thanks!
