If you will be doing student loan consolidation, then the credit score of your cosigner will be evaluated again. When you applied for your original international student loan, the credit score of your cosigner was evaluated to determine the risk and thus, cost of borrowing. It locks in a guaranteed interest rate. You do this directly through the Department of Consolidating. This is a guide to student loan consolidation and how it 2013 be of help to you.
Typically, student can take out additional loans if you need to, so consolidating you can keep pace with your total educational costs.
This is largely due to the fact that they loans unsecured, but is also a product of how high the demand for attending university is. Disadvantages of Consolidating While there are the very obvious advantages to consolidating, or refinancing your debt, there are also some drawbacks.
Next, choose the loans you student to 2013. What will the interest rate for the consolidated loan be? What loans a student loan consolidation?.