HR
*Resource of HR>>>federal jobs

Is it okay to consolidate my federal student loans even though i'm not sure i'l find a job to pay them?


Is it okay to consolidate my federal student loans even though i'm not sure i'l find a job to pay them?

It depends on how long you want to be paying them back.

When my husband and I married, we consolidated our Stafford loans. It brought our student loan payment way down. However, we are still paying the loan off and would have finished paying our individual loans off by now had we not consolidated. If given the decision over again I would still consolidate, though, because it was right for us.

Talk your concerns over with a loan officer in the financial aid office about your questions/concerns and/or talk to a loan officer through your lender(s). They can help you run the numbers for what might be better for you.

Good luck!

You'll have to pay off your loans either way...
I shopped around and found that through consolidation, I was able to lock in a lower interest rate. It also saves me some hassle - only one payment per month, rather than a bunch.

Do your own research. What is the rate? Make sure you are not losing beneficial rights by consolidating. Often you lose your deferrment rights when you go on to graduate school. Also, do you qualify for any loan forgiveness programs that are offered on Stafford and Perkins loans? If you consolidate you may lose this benefit. To research loan forgiveness programs go to www.hesc.org and click on payingfor college. There is a list of careers that qualify for loan forgiveness. You will receive a ton of mail that tries to scare you into consolidating due to changing interest rates. I consolidated my loan only after I read and researched extensively.

I found interesting information about your answer, college loans, scholarships, college grants & partime works here.
http://all-student-loan-consolidation.bl...
Good luck!

Garry, Rony, and Gwen's answers make no sense. Caba is correct.

Tags
construction jobs design jobs driving jobs education jobs engineering jobs federal jobs finance jobs government jobs graduate jobs hand jobs hot jobs
Related information
  • Is it okay to consolidate my federal student loans even though i'm not sure i'l find a job to pay them?

    It depends on how long you want to be paying them back. When my husband and I married, we consolidated our Stafford loans. It brought our student loan payment way down. However, we are still pay...

  • I recently applied with the United States Postal Service for Casual and have questions regarding it. See below

    Typically, casual positions are temporary, inside positions. These positions usually include mail sorting, mail loading, and machine operation and can be done at night while the regular post office...

  • When I open yahoo mail to do my work, my computer freezes up.?

    The first thing tou should do is go to Yahoo Classic Mail. Then you won`t have all these freeze ups. Some PCs can`t handle the New Mail.

    ...
  • Philosophy Degree?

    I respectfully disagree with the previous poster who wrote that, for federal jobs, a requirement is the degree itself and not what it's in. It would be more accurate to state that the courses...

  • Best job for a vet?

    In addition to FBI, CIA, police, etc., also try Defense Criminal Investigative Service, Defense Security Cooperation Agency, Justice Department, Treasury Department, Homeland Security. Most federa...

  • Why arent american women required to sign up for selective service?

    If you really want equal rights, then pull away the illusion you're saying that it's not fair that women don't have to register. We are all people first before men or women, and ther...

  • Job applications & your mental health?

    Don't tell them! They will not find out- unless you say something.

    ...
  • I have a Federal probation question?

    Perhaps she feels that you are up to your old tricks - staying at one place long enough to "take" money to pay for your mother's emergency brain surgery. I know people on probatio...

  •    

    Categories--Copyright/IP Policy--Contact Webmaster
    For personal non-commercial use only.