Consolidating stafford and perkins loans


28-Sep-2019 20:20

Consolidating those loans can eliminate some of the confusion, says financial aid expert Mark Kantrowitz, publisher of "Consolidation can make it easier to repay student loans by streamlining repayment and replacing multiple loans with a single loan," Kantrowitz said via email.This is not a one-size-fits-all solution, though, and experts suggest graduates consider four things before consolidating.1.College students relying on student loans to pay for college can easily graduate with 16 or more separate loans. Add a few new loans, interest rates and bills to that list.

consolidating stafford and perkins loans-41

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Before you consolidate, consider the following pros and cons: Note: Just remember, you must continue making payments after submitting your application until you receive notice from your servicer that underlying loans have been paid off.Consolidating student loans can be tricky, and several factors need to be taken into consideration when making your decisions.



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