am i wise to consolidate my debt?

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am i wise to consolidate my debt?

2007-03-24 13:58:15 · 2 answers · asked by tisdalejanis 1 in Education & Reference ➔ Financial Aid

2 answers

I guess it would depend upon how you are doing it.

2007-03-24 14:01:15 · answer #1 · answered by Ms. Gump 3 · 0⤊ 0⤋

Are you consolidating student loan debt? If so it depends on the current rate you have and amount of yur debt. They determine your new rate based ont he weighted average of the loans you consolidate. The nice thing is that a consolidated student loan can have up to a 20 year repayment, instead of the standard 10 years.

2007-03-24 15:36:03 · answer #2 · answered by SZ 3 · 0⤊ 0⤋