Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.As you weigh the pros and cons, keep in mind that timing is critical.Using the free student loan payment calculator does not constitute an offer to receive a loan and will not solicit a loan offer.Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply.If instead of consolidating your credit cards, you would rather pay them off using the rollover (snowball) method, please visit the Rapid Debt Reduction Calculator.Do you look down your nose at a person who drinks too much, eats too much, smokes, or does illegal drugs?This will save you the time of specifying your location each time you access our site.
Using an eligibility checker, such as Smart Search, will give you an indication of your chances of success.
Yep, at some point in your past you chose to borrow from your future happiness to subsidize your present happiness.
If that's true for you, then please be mindful of that fact the next time you find yourself being critical of a fellow human being who is engaged in any other form of future happiness-sabotaging behavior.
It's still possible, however, to benefit from consolidation if you explore your options and proceed with caution.
You can consolidate all, just some, or even just one of your student loans.