Sunday, August 22, 2010

Student loan Consolidation.?

I would like to know if you can get non related loans consolidated into your student loan? For example personal and credit cards.


I would like to reconsolidate my student loan and get locked in at a good rate.


All answers are appreciated.


Eddie.

Student loan Consolidation.?
I am concerned that you would be considering consolidating your outside debt with your Federal Student Loan debt. It is possible to consolidate the two together but I would advise against doing this.





The reason I would advise against doing this is if you consolidate your Federal Student Loans with your non student loan debt you will lost all of your Federal benefits you have on your Student Loans; for example, Forbearance, unlimited in school Deferment time, and your Federal Subsidies.





Have you taken out any new Federal Student Loans since you did your last Student Loan Consolidation? If you have you have in fact reconsolidate your Federal Student Loans by adding the new loans into your existing consolidation. The new rate you would receive would be based on a Weighted Average of your existing consolidation rate along with the rates on your new loans.





For more information on benefits of Federal Student Loans please visit the source below.
Reply:They are different consolidation loans.


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