Student loan consolidation information needed

[iamwiz82]

Well, I am approaching graduation (4 weeks!) and I need to start thinking about consolidating my loans. Currently, I have 2 private loans with variable interest that total more than half of my loans, around $24,000, plus interest accrued.

I also have 4 Stafford loans, 3 are subsidized and total about $12,500 and the last is a massive $126 and is unsubsidized.

So, should I consolodate now, or do I have to wait until I graduate? I know I cannot consolidate the federal and private loans.

Any information regarding this kind of thing would be most appreciated.

 

[villager]

Originally posted by: iamwiz82
Well, I am approaching graduation (4 weeks!) and I need to start thinking about consolidating my loans. Currently, I have 2 private loans with variable interest that total more than half of my loans, around $24,000, plus interest accrued.

I also have 4 Stafford loans, 3 are subsidized and total about $12,500 and the last is a massive $126 and is unsubsidized.

So, should I consolodate now, or do I have to wait until I graduate? I know I cannot consolidate the federal and private loans.

Any information regarding this kind of thing would be most appreciated.

Given the interest rates right now and the fact they will only go up in the coming months. get the best rate you can get and lock it in. I started off with an 8% and got it down to 5% recently. Good info at this link.

 

[randomlinh]

ah, the joys.. must do this soon as well. must find info on locking in something for my private student loans...