Student Loan consolidation question?

i get letters from lots of companys asking telling me if i consolidate i will get a rebate. are these comanys legit? is consolidating a good idea?

Asked By: tigerkitty2002 - 12/11/2006
Best Answer - Chosen by Asker
usually consolidating is a good idea- i did it to lock in my interest rates and then you only make one payment to one company a month- if you do a good job with payments you earn points off your interest rate- I recommend calling your current loan company and asking about it.....I use Nelnet loans.
Answered By: crzyaltego - 12/11/2006
Additional Answers (4)
Consolidation is always a good idea, but be ware of some of the companies. Rebates??? I've never run across this ever in the 10 years since I've started school. A lot of college students have their loans managed by Sallie Mae (as I do) and if you do as well, I suggest you contact them about it... More
Answered By: Erin B - 12/11/2006
consolidating your loans is a good idea for some and not always others. you must weigh the options. are you still in school? if so have you used your grace period? if not do you want to give that up? if that doesn't bother you then, what are the intrest rates currently? because they will be the weighted average once... More
Answered By: kim - 12/11/2006
DO YOU LOOK LIKE YOUR AVATAR? hmmmmm....*drool...drooooll*
Answered By: Gani Bady Bhangra - 12/11/2006
Hi there... More
Answered By: Student Loans - 12/12/2006
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