| While you're trying to get a college education, | | | | this is by adding on new loans that you have not |
| student loans can seem like a huge bonus, but once | | | | consolidated. Two different consolidation loans can |
| you are out of college, you'll face the repayment on | | | | also be consolidated into just one loan, but you |
| all those loans that you have taken out during your | | | | cannot just refinance it on it's own. |
| years of school. If you're overwhelmed with your | | | | Even if you do a reconsolidation, it doesn't mean that |
| college loans, then you may be wondering if a | | | | the rates on your previous loan are going to be |
| consolidation loan is right for you. However, there are | | | | relocked. A special average interest rate formula that |
| many things to consider before you take this route. | | | | is weighted is used to figure out the interest rate. |
| One of the big questions people have when it comes | | | | If you are trying to work on consolidating your |
| to consolidating loans is whether or not student loans | | | | current student loans and you think you may want |
| can be refinanced after consolidation. Well, while the | | | | to switch lenders in the future, then you may want |
| actual consolidation loan cannot be actually refinanced, | | | | to exclude one of the loans you have from this new |
| you are able to consolidate a consolidation loan, but | | | | loan. This way, if you think you want to go to a |
| this can only be done once. | | | | different lender and reconsolidate, you have the |
| If you are going to consolidate the consolidation loan | | | | option available to do that. |
| you already have, the only way you are able to do | | | | |