I have about 35k in student loans and I just graduated and have a job paying about 40k plus my wife makes 18k. I want to get a house. Most advice tealls you to take time to pay off the student loan and I want to lower the payments to get a house and then add additional payments as my income increases.
Is consolidating student loans for a longer period of time bad, even if you plan to pay more on them after your pay increases over time. Basically I want a low min. payment.
Should I consolidate my student loans for as many years as I can?
Consolidating will generally allow you to get a lower interest rate (especially if you consolidate while in school). It should definitely lower your payments. You might check with nexstudent they were very helpful to me when I consolidated.
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