Posted: 5/15/2003 10:48:15 AM EDT
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My wife has a considerable amount of debt in the form of student loans. We consolidated them about 3 years ago when the interest rates were much higher. Is it possible to refinance them in order to lower the interest rate? Any advice would be much appreciated. Thanks. -ruido |
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I think that you can only reconsolidate if you get a new loan (take another class, etc) or you pull in one that's never been consolidated before. Take that with a huge grain of salt because I know nothing of the subject, and I didn't stay in a Holiday Inn last night. Can someone help? |
| In MOST cases they can only be consolidated once...but it's been a while since I worked in this field...you may be able to consolidate them as part of a credit improvement/loan consolidating "package" i.e. along with credit cards, etc. but this may be at a higher rate then the usually low student loan rates you have now. |