Is consolidating student loans a good idea

Rated 4.39/5 based on 915 customer reviews

Carson received her Bachelor of Arts in English from Arizona State University.

federal (or national) student loans, forgiveness programs and how they differ from consolidation, how to apply for a consolidation loan and many others.

The problem with debt consolidation, however, is that you are taking a number of unsecured debts and putting them into a secured loan.

This means that, if your financial situation worsens, you lose your job or you have a major medical expense, you will still be responsible for paying the consolidated debt—even if you file for bankruptcy.

No agency or organization has a centralized Department of Student Loan Consolidation and Forgiveness, after all.

The good new is, you’ve found Bankrate’s FAQs about student loan consolidation.

Leave a Reply