Can I Convert Private Student Loans Into Federal Ones?
December 31st, 2011
The short answer for this is no. Which is a sad fact because federal student loans have such good interest rates and are a great deal overall. Your only real option is to try your hardest to hunt down the best low interest consolidation loan you can find. The benefits here are that you can get one payment to make each month into the many you have right now, you can try and get a payment schedule that works for you, and of course, a lower interest rate is always golden as you’ll save money and pay things off much faster.
Entry Filed under: Finance