consolidating stafford undergrad loans before med school

[DReject]

Hi guys,
Well, I've read various threads on this forum but I struggle with finance comprehension.

I think this is a dumb question bute here it goes:

I have about $40,000 of undergrad loans with Stafford/Sallie Mae. Should I consolidate before I take out new loans?

I'm thinking of using T.H.E as my lender for new loans, and to consolidate my old loans if I have to.

Thanks.

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[mshheaddoc]

Yes, you can also consolidate them all together at a later date with newer loans if you so choose. Unconsolidated loans are at a variable rate if before 2006 so I would suggest consolidating to lock in rates. Just what I would do as a fiscal conservative though. Rates are inevtiably going to go up in this world in my opinion.

 

[okbye]

What mshheaddoc said
Just do it before 6/30/07, the rates aren't going up much this year but no sense paying any more than you have to.