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Which Student Loans Can Be Consolidated?
Any federal education loan can be consolidated - even consolidate a single loan. However, there are a few restrictions: You can consolidate a consolidation loan only once. However, if you are adding an additional loan to an existing consolidation loan, you may reconsolidate the first loan. This restrictions on reconsolidating a consolidation loan restrict your ability to use consolidation to switch lenders. To reserve your right to reconsolidate loans in the future, you can exclude one of your loans from the consolidation. Be warned, however, that when you reconsolidate a consolidation loan, it does not guarantee that you will be able to lock in interest rates on the consolidation loan. The consolidation loan is treated as a fixed rate loan within the weighted average interest rate formula. See More on Consolidated Student Loan Interest Rates Most loans are consolidated only once, toward the end of the grace period or after the loans enter repayment. You will then be locked into that lender for the lifetime of the loan. Next: Calculating Student Loan Consolidation Rates
Debt Consolidation Index | Debt Consolidation | Student Debt Consolidation Loans | Loan Providers | NextStudent Federal Loans | Further Resources
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