Should I consolidate my Student Loans with the government?
I’m with two lenders (Sallie Mae and ACS) and I’d like to simplify my payment process. I keep on getting letters from them about consolidating my loans with the federal government to lock in my rate.
Is this worth it? Will I end up paying less, more, or nearly the same?
ACS has been an absolute pain to work with and their email reminder service is flaky at best, so I’d like to get away from them if possible.
Tags: email reminder service, mae, government, acs, loans, Should, should i consolidate my student loans, studentRelated posts:
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You are only able to consolidate your student loans once, so I would only consolidate if you’re sure you’re not going back for an additional degree. That being said, it is a good idea to consolidate your loans because then you can just make one payment to one lender at one specific rate. You should end up paying about the same depending on the interest rate you are at now and the interest rate for the consolidated loan