Board 8 > Should I consolidate my student loans?

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Uglyface2 06/18/12 2:44:00 PM #1:	I've got two student loans out. If I were to consolidate my loans, the gubmint would reduce my rate by .25 percent. This all sounds nice; I owe about 16,000 on my loans including interest (which is about to be added to the principal), and paying one lender instead of two would be a bit less headache. I'm just worried that I'll wind up paying more in the long run. Anyone with a head for this stuff think this is a good/bad idea? <cite>Uglyface2 posted [p:1249023] in Should I c... [t:63144318]...</cite> <quote> I've got two student loans out. If I were to consolidate my loans, the gubmint would reduce my rate by .25 percent. This all sounds nice; I owe about 16,000 on my loans including interest (which is about to be added to the principal), and paying one lender instead of two would be a bit less headache. I'm just worried that I'll wind up paying more in the long run. Anyone with a head for this stuff think this is a good/bad idea? </quote> ... Copied to Clipboard!
SmartMuffin 06/18/12 2:49:00 PM #2:	You'd need to provide more details for someone to tell you for sure, specifically the principal and interest rate on both loans, and on the final consolidated loan. -- SmartMuffin - Because anything less would be uncivilized - http://img.imgcake.com/smartmuffin/barkleyjpgde.jpg http://dudewheresmyfreedom.com/ <cite>SmartMuffin posted [p:1249024] in Should I c... [t:63144318]...</cite> <quote> You'd need to provide more details for someone to tell you for sure, specifically the principal and interest rate on both loans, and on the final consolidated loan. -- SmartMuffin - Because anything less would be uncivilized - http://img.imgcake.com/smartmuffin/barkleyjpgde.jpghttp://dudewheresmyfreedom.com/ </quote> ... Copied to Clipboard!
ViviffTheGreat 06/18/12 2:50:00 PM #3:	It also depends on your repayment method -- Pro Brawl player and other irrelevant things(Brought to you by Rocky Patel Premium Cigars) http://img.imgcake.com/IMG0194JPGpy.jpg <cite>ViviffTheGreat posted [p:1249025] in Should I c... [t:63144318]...</cite> <quote> It also depends on your repayment method -- Pro Brawl player and other irrelevant things(Brought to you by Rocky Patel Premium Cigars)http://img.imgcake.com/IMG0194JPGpy.jpg </quote> ... Copied to Clipboard!
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