Should I consolidate my student loans? What are the risks and benefits, pros and cons?

Oct 19

Mark SingleyStudent Loans Q&A disability, interest rate, lenders, Student Loans Q&A, wheelchair 1 Comment

I just graduated with k in student loans, and I’m wondering if it’s worth it to consolidate, or if I should leave my loans as they are.

My rate is a bit over 6%, and my payments (which start in December) will be about 0 a month.

I have a friend (who is married to a guy in a wheelchair) that has always said that she would never consolidate her student loans, because, if you do, your loans aren’t forgiven in case of complete disability, as her husband’s were.

On the other hand, a lower interest rate would be nice.

What factors should I consider when deciding whether to consolidate?

If consolidating would be a good choice, are there any particular lenders that you would recommend?

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