Re: Consolidate Student Loans ASAP
be careful of refinance offers which stretch the typical student loan repayment from 10 yrs to 20 or 30.
I found it best to keep my student loans intact (not consolidate) and then pay extra on one of them per month. This reduced my debt repayment from 10 years to 7 years.
This allowed me to buy my first house 3yrs after graduating and another bigger house 4 yrs later being competely debt free.
Paying off the loans early will jack up your credit score as well.
|