Consolidating student loans

[serryjw]

I am going on a sales job interview next week for one of the largest companies that does this. I never had a student loan 100 years ago! WHY would someone NOT do this? If you have more than one loan and are paying interest on them , does it not make sense to have ONE?
Please explain.don't get it?

[likesmountains 52]

1. You can only consolidate once...I think...you might check the

Suze Orman web site...I have heard her talk about this before. I think you can consolidate only one time so you have to decide if interest rates are going up or down...

[serryjw]

3. New student loan rules will cost you a bundle.

Suze is pissed. Thanks for the info.Read this......OUR Congress did it again!


http://www.suzeorman.com/igsbase/igstemplate.cfm?SRC=SP&SRCN=wyntk_ratejump&GnavID=44

[MissB]

2. What the previous poster said.

Plus, you can't consolidate while you're in school, right? So you get to do it once and only once. And it had better be good.

[lizziegrace]

4. Consolidation makes sense

If you consolidate YOUR own loans. My ex and I, before it all blew up, consolidate all of OUR loans. Now we're stuck. Before, if you die, your own loans are discharged in death. Now that we've consolidated and both names are on the loan, we'd both have to die. Bottom line, we now have to continue to carry life insurance on each other until they are paid. 80% of them are his for getting his doctorate. Once they are jointly consolidated, it is my understand they cannot be "undone" due to divorce.

Just another something learned the hard way.

[serryjw]

5. Thanks for the info..What rate did you consolidate at?

n/t

[Left Is Write]

6. I don't know.

I only had one student loan.