Consolidating private college loans

If you’re a graduate student, you have a higher annual limit of ,500.In total, your undergraduate and graduate Stafford Loans cannot exceed 8,500.

Private student loans are available, but every expert, even those who work for banks and credit unions, advise students to exhaust all avenues for federal aid first.There are two types of Stafford Loans: subsidized and unsubsidized.The type helps determine your interest rate and maximum loan amount.The Direct Consolidation loan is a fixed-interest loan with flexible options, based on your ability to repay.There is no fee to consolidate, though you can only do it once.

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