Are student loan consolidation programs good?

Is student loan consolidation program is good solution for students?

Answer #1

Consolidation programs really depend on two things - your financial situation, and who’s offering the consolidation program. They can be good if you’re in a financial pickle or do not have the time necessary to devote to your finances properly. One thing that is useful to remember is that generally any 3rd party will be trying to make money from the scheme as well - otherwise why would they bother?

Answer #2

I dont realy think its the best option but if you push me to the dancing corner on draughts board then I guess I will admit but even before you move ahead do a cost analysis which includes how you would pay the same and also do an opportunity cost whereby you revies the foregone or left out alternatives

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