Consolidate loans obtained for 2006-2007?

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I got a loan for the 2006-2007 year. Should I consolidate this?

I just graduated from med school and consolidated all previous years' loans. I'm confused as to whether I should consolidate this last year or not.

 

[Doctor Bagel]

I got a loan for the 2006-2007 year. Should I consolidate this?

I just graduated from med school and consolidated all previous years' loans. I'm confused as to whether I should consolidate this last year or not.

From my understanding, the only current benefits of consolidating for loans 2006 and after are convenience and the possibility of getting a lender with better incentives. The interest rates are fixed, and you can prolong your repayment even without consolidation.

Here's what Northstar (THE) has to say.

http://www.northstar.org/consolidation/default.aspx

 

[okbye]

Yeah, financially it doesn't really matter unless you can find a better repayment incentive plan.

 

[VuDOo]

I got a loan for the 2006-2007 year. Should I consolidate this?

I just graduated from med school and consolidated all previous years' loans. I'm confused as to whether I should consolidate this last year or not.

Do you know when the loan was originated? If it was prior to 7/1/06, your rate is still variable so consolidating is probably a good idea. I'm consolidating my 2006-2007 Stafford for that reason.