Is consolidating your student loans a good idea who is lee norris dating

Posted by / 24-Aug-2017 22:24

Is consolidating your student loans a good idea

This is often the reason that people cite when they say you shouldn’t combine federal and private loans.But before you dismiss the idea of refinancing, you should first take a look to see if any of these benefits apply to you.

Once you start the application process, you’ll need to complete it in one sitting.

Student loan debt can be considered “good debt” because it is seen as an investment in your future.

If you’re able to make consistent, timely payments towards your student loans, you may see your credit score improving over time.

And if you have any Parent PLUS loans, consolidating those with your other federal loans will mean you might lose access to certain repayment plans.

Remember to keep making your loan payments in a timely and consistent manner until your consolidation application is approved!

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Simply submitting an application for consolidation does not mean you can stop making payments.