Consolidating and refinancing federal student loans
Read all about Spousal Student Loan Consolidation Loans here.
To qualify, you must have at least one loan in that is in the grace period of in repayment.
If you can manage to add, say, an extra and pay 0 each month, you could in fact offset the time disadvantage that is introduced by paying less money towards your student loans.
Note: This doesn't apply to Spousal consolidation loans.
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Now you are paying just one payment of 0 per month (plus any applicable tax) instead of twice the amount like you were paying before.If you're a parent, and you borrow with a PLUS loan to pay for your children's college, you should never consolidate these loans. This is typically a bad idea because PLUS loans don't qualify for income-based repayment programs like IBR, PAYE, or Re PAYE.