Does consolidating your student loans hurt your credit bradley cooper biography dating
The average student loan debt in this country is right around ,000, and only about 19% of 2009 college graduates are employed at their time of graduation. Student loan consolidation basically means combining multiple student loans into one.
You can even consolidate one student loan if you so desire.
Repeat after me: NEVER CONSOLIDATE FEDERAL LOANS WITH PRIVATE LOANS!
Student loans usually appear on a credit report as multiple loans, but that doesn’t look bad to lenders.
The reason has to do with the way student loans actually work as opposed to how we think about them.
There are many companies looking to take advantage of people struggling with their student loans.
It is critical that you do your research before you make any student loan consolidation decision.