Don’t consolidate…. the banks don’t provide this service out of the goodness of their hearts, they offered it because it made them get more of your money.
Instead of a 10 year payment plan, you’ll be put on a 25 or 30 year plan… meaning you’ll be paying off that loan (and the hefty interest) on that loan until you are retired and pay much more than you you would have if you had not consolidated.
December 24th, 2008
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If you got these loans from the government then you just need to go to.
Just make sure you have all the info you need – like the account numbers for each loan.
Don’t consolidate, you will be paying more money in the long run with interest..
Don’t consolidate…. the banks don’t provide this service out of the goodness of their hearts, they offered it because it made them get more of your money.
Instead of a 10 year payment plan, you’ll be put on a 25 or 30 year plan… meaning you’ll be paying off that loan (and the hefty interest) on that loan until you are retired and pay much more than you you would have if you had not consolidated.
Shop around to see who will give you the best rate. This article should help you big-time (linked):
You can find information on following web