Consolidating student loans OK as long as you do your homework first
Student loans are the only things I’ll tell people to consolidate. They’re a little different animal than ongoing loans and other kinds of credit. Chances are you’re not addicted to going to class, so you probably won’t go out and ring up more student loans after you’ve finished your education and paid off these things.
Just maintain that gazelle intensity, keep working hard to get out of debt, and pay these things off early. Remember, too, that in lots of cases consolidating student loans will move them out of deferral. There’s a good chance you’ll have to start making payments right away.
source here.
