02.11.10 | Consolidating Graduate and Undergraduate Student Loans
There is no doubt that the best time to consolidate your federal student loans is during you grace period. Consolidation makes jumping into the repayment process a lot easier because it leaves you with one interest rate, one lender, and one monthly payment. However, what happens if you are planning on deferring your loans to go to graduate school? Should you still consolidate? And will you be able to consolidate again with your graduate school loans? The answer to both of these questions is yes.
When you go to graduate school you qualify for in school deferment of your federal loans. The easiest way to do this is to consolidate your loans first and then defer the new consolidated loan. That way you only have to defer with one lender.
Some students worry that if they consolidate their undergraduate loans before they go to graduate school they will not be able to consolidate again once they get out of graduate school. This is not true. Once you consolidate your loans you cannot consolidate again unless you take on new loans. Since the graduate student loans are new loans they can eventually be rolled into your first consolidation.
ScholarshipPoints Bonus Code: 2NDCONSOLIDATION
The Student Loan Help blog is sponsored in part by:
Wow! This information can help a lot of people really! Thanks!
March 9th, 2010 | #
this info. help me understand what loans and do for you if you decide to go to college.
March 9th, 2010 | #
This is very helpful information. I'm glad I was here to read it!
March 5th, 2010 | #
i enjoyed reading this because it is information which I can use!
March 3rd, 2010 | #
Great info. Hope to use some of this advice.
March 2nd, 2010 | #
this is very helpful
March 2nd, 2010 | #
thanks
March 2nd, 2010 | #
THis information was great and very helpful
March 2nd, 2010 | #
extremely useful! thank you!
February 26th, 2010 | #
very helpful thank you!
February 24th, 2010 | #
cool beans
February 23rd, 2010 | #
I don't understand this..
February 22nd, 2010 | #
thanks
February 19th, 2010 | #
great information! Only if I could use it. My husband will divorce me if I take any loans for school.
February 17th, 2010 | #
Student loans are always a risk you take when choosing to go to college. This is a good informative article and any information college students can have to help them prepare is always a good thing.
February 17th, 2010 | #
the article was very helpul, thank you for the info, its very useful
February 16th, 2010 | #
THANKS FOR THE INFORMATION(:
February 16th, 2010 | #
yes, you should
February 14th, 2010 | #
Glad I read this! It will save alot of mistakes/worry.
February 13th, 2010 | #
wow.
February 13th, 2010 | #
If I must borrow, I will keep this advice in mind when doing so.
February 13th, 2010 | #
The info was great.
February 12th, 2010 | #
Consolidation is a good idea.
February 12th, 2010 | #
Consolidation is always a good idea.
February 12th, 2010 | #
good idea i need to do this
February 12th, 2010 | #
This information was helpful, but I’m still going to take out as little loans as possible!
February 12th, 2010 | #
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Alena
http://grantsforeducation.info
February 12th, 2010 | #
What does consolidating my loans mean though?
February 11th, 2010 | #
If one does not have the money to get into college, then one should proceed to think about getting a loan. But my advice is to just get 1 loan, so debt will not be in your future.
February 11th, 2010 | #
thanks foe the information it is very helpful
February 11th, 2010 | #
I consolidated my undergrad loans and received an interest rate of 2.1% I found out that your interest rate drops if you pay on time and have your payment deducted from your checking account
February 11th, 2010 | #
Thanks for the info:)
February 11th, 2010 | #
This article was helpful
February 11th, 2010 | #
thanks very informative.
February 11th, 2010 | #
VERY HELPFUL… I WOULD LOOK INTO THIS MORE
February 11th, 2010 | #
that is so true about federal loans
February 11th, 2010 | #
I never knew about consolidation! This is great!
February 11th, 2010 | #
This is very helpful for the future
February 11th, 2010 | #
Very helpful!
February 11th, 2010 | #
This article was helpful and usful.
February 11th, 2010 | #
This is great.
February 11th, 2010 | #
There is alot of useful info on this page
February 11th, 2010 | #
I have actually consolidated before. This article is helpful.
February 11th, 2010 | #
Wow, I never knew this will keep this in mind.
February 11th, 2010 | #
This article was informative.
February 11th, 2010 | #
If I must borrow, I will keep this advice in mind when doing so.
February 11th, 2010 | #
I knew some of this information since I do work in Financial Aid but some of it was new information that will help me with my job.
February 11th, 2010 | #
I am afraid that I will not get a job after graduation to pay off my student loans.
February 11th, 2010 | #
Very useful information. This article really helped me.
February 11th, 2010 | #
I just afraid that after graduating I will not get a job to pay off my student loans
February 11th, 2010 | #
I just found out about this and trying to learn how it works… all sounds interesting
February 11th, 2010 | #
good to know for the future
February 11th, 2010 | #
im really glad i’m finding out all this information right now!
February 11th, 2010 | #
loved it!
February 11th, 2010 | #
This was very informational.
February 11th, 2010 | #
I wish i could consolidate, but this article was very informational.
February 11th, 2010 | #
very interesting adn helpful information
February 11th, 2010 | #
This was very informative! I plan on attending Graduate school anyway! I just hope that I will earn enough scholarship money so I won’t have to worry about Loans! Hopefully.
February 11th, 2010 | #
Always good to know ways of making it easier to pay.
February 11th, 2010 | #
Very informative
February 11th, 2010 | #
Thanks for the links to the different types of federal student loans that a student can apply for.
February 11th, 2010 | #
There was alot of imformation included in this article that i had never known about. I thought loans were a way to get alot of money out of people.
February 11th, 2010 | #
Very Informative:)
February 11th, 2010 | #
great article
February 11th, 2010 | #
Great article!!!
February 11th, 2010 | #
nice work!!
February 11th, 2010 | #
Loans are a scary and natural thing in college and it’s nice to know important facts about them! Thanks!
February 11th, 2010 | #
helpful article
February 11th, 2010 | #
Good to know
February 11th, 2010 | #
very good info
February 11th, 2010 | #
idk if i want any student loans but if i have to then i have to. great info
February 11th, 2010 | #
Really good information!
February 11th, 2010 | #
very helpful!
February 11th, 2010 | #
2NDCONSOLIDATION
February 11th, 2010 | #
This definately something to look into.
February 11th, 2010 | #
2NDCONSOLIDATION
February 11th, 2010 | #
Very helpful!
February 11th, 2010 | #
2NDCONSOLIDATION
February 11th, 2010 | #
This was quite helpful. Any source of information regarding loans is useful.
February 11th, 2010 | #
i really liked the information.
February 11th, 2010 | #
This article was helpful.
February 11th, 2010 | #
This article was helpful
February 11th, 2010 | #
Wow, never knew I could consolidate my current grad loans with my undergrad loans.
February 11th, 2010 | #
2NDCONSOLIDATION
February 11th, 2010 | #