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CONSOLIDATION SCAM

Started by janlg56, October 05, 2016, 07:26:10 am

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janlg56

I have my own student loans (6% int rate) and Parent Plus loans (7.5% int rate) through Fedloan Servicing.  When it was time to consolidate, Fedloans consolidated all loans at 7.5%.  I don't think this was fair and I will never in my lifetime pay these loans off. 

TheCollegeInvestor

Since you consolidated the PLUS loan, you hurt yourself. You should never consolidate a parent plus loan with other loans under any circumstances: https://thecollegeinvestor.com/18164/the-problems-with-student-loan-consolidation/