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jerry1

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Why can’t I reconsolidate federal student loans second time?

I consolidate my student loans 4 years ago and now I want to know how I can’t reconsolidate federal student loans second time if my interest rate drop without taking out new loans or if you are in good credit situations? Just I want to know reason behind it?

Posted 41 days ago

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mariarita 		Well, you should know that consolidate means that you compromising several loans together into one so once you have done this, you have only one loan so it is not possible to reconsolidate. It is the rule of Federal Student Loan without cosigner and you should be stay of it. The problem mainly comes because of lack of financial management. When you are going to consolidate your loan amount, you must be known for what time you are able to pay by this way you can avoid the problem of reconsolidation.

Posted 41 days ago

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