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Feb 22, 2007

Reconsolidation Student Loan 2007 - A New Grad Question

I spotted an interesting exchange of opinions:

posted February 17, 2007
I'm a new grad, my grace period ends this June. I was wondering if any one on here has consolidated the loans from school, and if so what was the process like, are you glad, how long did it take and what the company name is.

Thank you

Buddy T DC replies back:

Consolidate and lock in the rate. It doesnt get much lower than it is right now. It's a no brainer. Shop around and see what rate and deals you can get. Some offer to drop the rate with 24 consecutive on time payments, some offer a certain percentage back up front when you consolidate. Figure out what's best for you.