Consolidating private student loan! Is it possible?
|
|
|
| Author |
Message |
denice
Apprentice
Joined: 03 Jun 2004
Posts: 19
|
 Posted: 01/29/08 - 08:05 Post subject: |
 |
|
| Dear everyone. I have a federal student loan as well as a private one. I would like to be able to consolidate these two debts in to one, "one stop shop" easy repayment loan. I have tried searching on the web but so far have not found anything useful. So the question is - is this possible at all, and if so how do I go about doing so? Thanks so much. |
|
|
Back to top
|
|
|
|
 |
emlyn
Apprentice
Joined: 06 Mar 2006
Posts: 9
|
| Posted: 02/28/08 - 02:23 Post subject: |
|
|
| No, this is certainly not common practice. This is as, quite obviously, a private loan carries much larger interest than any Federal loans. So in fact, by consolidating your Federal loan into a private one, you would not make any gains. Apart from of course the easy loan repayment you have already mentioned. |
|
|
Back to top
|
|
|
|
|
|
  |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
