Quote:
Originally posted by AOIIBrandi
I was actually speaking to Direct Loans earlier this week as well as another consolidator (they call like everyday even though I have told them I already consolidated  ) and both said that doing back to school and taking out more loans will allow me to re-consolidate and take advantage of the lower rates. I'm like you and consolidated somewhere around 7-8%.
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Did they say how much your new loan has to be in order to consolidate? My husband is finishing up his master's degree (without student loans) but has a HUMONGOUS loan waiting for him to pay on after graduation (already consolidated...long story
). I've gone to a couple of websites and typed in his loan info and added a $2000 loan to "consolidate", but it doesn't reduce the payments any. (His old loan is at 8% locked in).
I don't want to consolidate him with my loans because that would mean if one of us dies the other would be responsible for the entire loan and as much as I love him, I would rather his loan die if he does .
