If subsidized loans meeans that I don't pay intrest until after I finish college, should I NOT include them in my loan consolidation? Once I consolidate my loans can I make corrections?
2006-06-30 13:11:04 · 4 answers · asked by double v 5 in Business & Finance ➔ Personal Finance
Speak with your Financial Aid rep about this. I was always told not to consolidate until AFTER I was done with school, because if I consolidated, I would have to start paying them back right away, or use up some of my forebearance. Of course, this was when the rates were still falling, and now they are rising...so the advice could be different now. This is the sort of question that the FAR's are there for though, so ask them!
2006-06-30 13:16:18 · answer #1 · answered by KansasSpice 4 · 0⤊ 0⤋
Consolidate NOW. I would rather give up the 6 mo grace period than deal with the higher payments associated with the new interest rate.
2006-06-30 14:17:27 · answer #2 · answered by LoveMy2J's 2 · 0⤊ 0⤋
You should always consolidate. Try to do it today if you can. Rates go up like crazy tomorrow. Seriously.
2006-06-30 13:14:59 · answer #3 · answered by the nothing 4 · 0⤊ 0⤋
There is some good info here.
2006-06-30 20:39:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋