Comments on: When (and How) to Consolidate or Refinance Student Loans https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/ Make More. Save More. Live Better. Tue, 11 Sep 2018 19:04:31 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Erin @ Journey to Saving https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24510 Thu, 03 Dec 2015 05:59:31 +0000 http://www.youngadultmoney.com/?p=20720#comment-24510 Laura Beth @ How To Get Rich Slowly It’s definitely not an easy decision, and there are certainly some lenders more willing to work with borrowers than others. Hopefully you’ll find the right solution for your situation!

]]> By: Laura Beth @ How To Get Rich Slowly https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24508 Thu, 03 Dec 2015 05:49:30 +0000 http://www.youngadultmoney.com/?p=20720#comment-24508 This is helpful information Erin. I’m looking at consolidating right now and I just need to plunge in and do the work to figure out which plan is best of me. I’m not keen on losing the federal options though so I’ll need to consider that as well.

Thank you for the information. Much to consider :)

]]> By: Erin @ Journey to Saving https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24505 Wed, 02 Dec 2015 17:37:44 +0000 http://www.youngadultmoney.com/?p=20720#comment-24505 Eyesonthedollar Yes, that’s definitely true. You should only consolidate if you absolutely need the money for other necessities, not so you can free up money for “fun” things! You still have to be responsible.

]]> By: Erin @ Journey to Saving https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24504 Wed, 02 Dec 2015 17:36:46 +0000 http://www.youngadultmoney.com/?p=20720#comment-24504 FrugalRules Consolidating can be nice, especially when you’re dealing with multiple loan servicers (who are a pain to deal with). I’m glad I’ve only had one, but they’re enough of a pain!

]]> By: Erin @ Journey to Saving https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24503 Wed, 02 Dec 2015 17:36:03 +0000 http://www.youngadultmoney.com/?p=20720#comment-24503 Holly at ClubThrifty Same here. I don’t have too much left on my loans, so it’s not worth it, but it’s a good solution for those that can save money from it!

]]> By: Erin @ Journey to Saving https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24502 Wed, 02 Dec 2015 17:35:41 +0000 http://www.youngadultmoney.com/?p=20720#comment-24502 theYachtless It’s definitely worth a shot considering you can receive a quote for free (and with a soft credit pull). The only thing I’d caution against is going for variable rates. They’re much lower to start, but they can obviously increase. I’d only do it if you know you can pay your loans off quickly. I wouldn’t rush the decision, either – you have tons of time! You can refinance any time after your loans become due.

]]> By: Eyesonthedollar https://www.youngadultmoney.com/consolidate-or-refinance-student-loans/#comment-24501 Wed, 02 Dec 2015 16:18:47 +0000 http://www.youngadultmoney.com/?p=20720#comment-24501 Before we paid off our student loans, we used consolidation to make the payments easier. I wish we’d not done it so we could have just paid the suckers off and not inflated our lifestyle. I can certainly see the benefit of consolidating for a lower rate, I’d just remind people not to use lower payments and a ticket to spend more on other stuff.

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