Can student loans be consolidated more than once for a better interest rate?

Answers:8   |   LastUpdateAt:2012-10-17 03:35:03  

Question
Sara Pleaseee
Asked at 2012-08-13 00:21:03
Can student loans will meet more than once for a better interest rate ?
Answer1West P.Answered at 2012-08-13 06:51:03
No, what can be done only once with government loans Stafford. So what a recession and the Fed to lower interest rates to boost the economy and consolidate.
Answer2Joan MartinAnswered at 2012-08-14 14:00:03
.... interesting. Do not think you can consolidate more than once with a single lender , although others may be willing to do this for you .

If you wish to pay off student loans with a lower rate mechanism , ie credit card zero percent (if you have cash flow to make payments on time, and only pay what you can pay zero percent period) or a HELOC .
Answer3feAnswered at 2012-08-28 05:48:02
The only way to rebind a student loan is if you have taken new loans after the original consolidation . Can not rebind a loan already consolidated.
Answer4LydAnswered at 2012-09-01 14:57:03
Do not see why not , but you might want to talk to a loan officer .
Answer5GenesseyAnswered at 2012-09-04 14:54:02
I had the same idea that allows you to consolidate my loan with a better interest rate . Unfortunately , you can not . Once a group of loans consolidated , you can not do it again even if the new lender offers a lower interest rate .
Answer6Joseph BAnswered at 2012-09-09 09:47:05
'Consolidate ' means gathering . No, it would not be able to consolidate more than once unless you have more to add in. However , you would be able to refinance . And , please , make sure you pay them. This is the number one U.S. deficit . The Department of Education can not even put a number on the amount of money owed . All loans are "guaranteed" by the government. Basically , if you do not pay the bank , the State pays . So if you do not pay the state , the federal government pays the states . If you took out loans directly from school and they are not paid , the national government steps in and pays off. So the government tries to pick against him. Who are the biggest offender and pray more ? Our great governors , senators , doctors and lawyers . Look for yourself if you do not believe it . Please pay these loans off . Therefore, this mother of 8 children have to pay so much in taxes from each paycheck and why the government can not put money in anything else such as Social Security and our own poor in America.
Answer7NeetooshaAnswered at 2012-09-18 20:55:06
Coming from a person who has worked in a fin aid office , the office most hated of any university , you can rebind a loan , provided that at least one loan in the new loan is not consolidated . Remember that you can not block in another interest rate on a consolidation loan , once fixed his , its fixed. Also remember that you are always paying more interest in the long -term consolidation , which in essence is extending the life of a loan. Finally , remember that there is a difference in building a loan and get a new loan to pay off an old , these two are generally poorly grouped into one. MedlinePlus MedlinePlus Although you may be right , I might be wrong . Always consult your lender when it comes to student loans, or at least the loan coordinator in your fin aid office that can redirect . There are many programs that you may qualify for to forgive the loan, as well as for teachers and government employees .
Answer8Andie WeaverAnswered at 2012-10-17 03:33:18
Yes , just make sure that there penelty to withdraw the loan is the institute where he now is .
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