The Student Loan Debt Forum | The College Investor

Student Loans => Navigating Repayment => : Studentloanmaze 17, 2017, 08:01:40

: Consolidation advice
: Studentloanmaze 17, 2017, 08:01:40
I have old student loans under deferment because I was in school  I'm done now and want to consolidate. How do I find a good consolidator and get good rates?
: Re: Consolidation advice
: TheCollegeInvestor 20, 2017, 09:07:36
If you have Federal loans, student loan consolidation is free and can be done online at StudentLoans.gov. As for "good rates", student loan consolidation doesn't change your interest rate - your new consolidation loan will be the average rate of all your underlying loans. Student loan consolidation is only for convenience.

If you have all your loans at a single company, it honestly won't even make a difference for you.

If you are looking for "good rates", maybe you are considering refinancing? We typically don't recommend you refinance your Federal student loans into private loans, and here's why: https://thecollegeinvestor.com/17113/refinance-federal-loans-private-loans/