Article: Consolidating Multiple Loans
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Consolidating Multiple Loans
If over time you have accumulated multiple loans it may be wise to consider consolidating those loans into one single loan. There are a variety of ways in which this may be accomplished.
Student Loans
Multiple student loans must be handled in different ways depending upon whether they were funded originally as private loans based on personal credit or as federally insured loans. Private student loans may be consolidated in the same way that any private loans are consolidated. Federally insured student loans were placed with a private institution but they were guaranteed against default by the federal government. This type of loan has strict guidelines about how and when it can be consolidated.
A federally insured student loan cannot be consolidated with...
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