Is there a benefit to consolidating student loans
Actually, it might be slightly higher, since your interest rate will be rounded up to the nearest 1/8%.
Not a huge increase, but a potential increase nonetheless.
And you don’t even need more than one loan to do it.
So understanding the difference is key to making the right decision for your specific situation.
Most of this post will be spent talking about the pros and cons of federal student loan consolidation.
So my goal here is to correct that misinformation and show you exactly what student loan consolidation is and when it can help you.
Specifically, we’re going to cover the following: By the end of this post, you will know whether consolidating your student loans is a good idea and how you can get started.