Your very best bet is to keep these loans with their original holders. Consolidating private loans usually ends up costing you far more in the long run than it would to pay off the original loans. If you do end up deciding or finding a program that will allow you to do it, make sure you read all the fine print and understand exactly what the cost will be over the life of the loan - not just a lower monthly payment. Lower monthly payments typically mean you pay more in interest, sometimes double or triple what you borrowed to start with.Does anyone have advice for a recent college graduate wanting to consolidate student loans?
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Don't do it. Put your checking account on an ';auto pay'; so you don't have to worry about the extra time and postage. Most will do this for free and you don't have to do anything extra. Consolidation loans are the worlds biggest ripoff.
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