27

You lose significant rights doing a private consolidation of federal loans. You lose few if any rights doing a federal consolidation. Because you anticipate your employer will pay off all of your loans, a federal consolidation into a single loan may be worth doing, (if required to qualify for your employer's program).


6

You have to weight the risks and gains for each variant: For federal loans, there might be some partial or total forgiveness one day. Could be you get something from that, but could also be that it never happens;it’s too late for you; or you are not affected - the probability is your guess. By consolidating them now you will lose this potential gain. On the ...


2

The main advantage you'll lose by consolidating your debts is that you lose the potential options from selectively repaying specific ones early and (unless the rules changed from when I did it) for federal loans end up paying a weighted average of the rate across all your individual loans. Generally what you'd want to do there is to repay the highest ...


2

Assuming you stay with the employer for 2 years and they pay your consolidated loan for 2 years then the terms of the consolidated loan practically do not matter. The only possible fine-print item which could matter is a pre-payment fee. If the loan doesn't allow you to pay it off early then that could be seen as a disadvantage. Aside from that, congrats and ...


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