debt consolidation?
Dec 28, 2009 in
Credit
ryryguy
are there consolidation loans that combine your students loans with any credit card debt?
are there consolidation loans that combine your students loans with any credit card debt?
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2 comments
micky b on December 31, 2009 at 4:12 am
Hi.
This site is well recommended and will definately help you:
Student Loans on January 1, 2010 at 8:09 pm
I am concerned that you would be considering consolidating your outside debt with your Federal Student Loan debt. It is possible to consolidate the two together but I would advise against doing this.
The reason I would advise against doing this is if you consolidate your Federal Student Loans with your non student loan debt you will lost all of your Federal benefits you have on your Student Loans; for example, Forbearance, unlimited in school Deferment time, and your Federal Subsidies.
Have you taken out any new Federal Student Loans since you did your last Student Loan Consolidation? If you have you have in fact reconsolidate your Federal Student Loans by adding the new loans into your existing consolidation. The new rate you would receive would be based on a Weighted Average of your existing consolidation rate along with the rates on your new loans.
For more information on benefits of Federal Student Loans please visit the source below.