Is consolidating your student loans a good idea

Another possible drawback of consolidating your student loans is that you may lose grace periods that you could take advantage of with your original loans.

And after you decide to consolidate your loans, you cannot change your mind.By consolidating, you can also change from variable loans to a fixed-rate loan.This means that you will know that the interest rate on your student loan cannot increase.Also, you cannot take out loans in another person's name.That means that- for example- it will not generally be possible for you to consolidate your student loans with those of your spouse.

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