Now when you start researching which lenders to consolidate with, you are more likely to get unbiased information.Keep in mind that you still need to make the final decisions on your own. When you consolidate your student loans, you should consider what you want to accomplish.
Although all of these different loans may be consolidated, you must have at least one outstanding FFEL or Direct Loan to obtain a Direct Consolidation Loan.
You can consolidate all, just some, or even just one of your student loans.
Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.
Keep in mind that there are certain types of student loans that will not consolidate so it will be important to look at the type of loans you have and be sure that they will consolidate, otherwise you may not benefit from consolidating.
Keeping student loans separate can be more affordable in the long run because even with multiple interest rates there is a smaller principle amount on which interest is charged.