Tuesday, December 13, 2011

Is it okay to consolidate my federal student loans even though i'm not sure i'l find a job to pay them?

Do your own research. What is the rate? Make sure you are not losing beneficial rights by consolidating. Often you lose your deferrment rights when you go on to graduate school. Also, do you qualify for any loan forgiveness programs that are offered on Stafford and Perkins loans? If you consolidate you may lose this benefit. To research loan forgiveness programs go to www.hesc.org and click on payingfor college. There is a list of careers that qualify for loan forgiveness. You will receive a ton of mail that tries to scare you into consolidating due to changing interest rates. I consolidated my loan only after I read and researched extensively.

No comments:

Post a Comment