Is consolidating student loans a good idea hill harper dating gabrielle union

In the world of student loan consolidation and refinancing, So Fi is the company with the premium perks.Both of them were going down a scary path with not very reputable student loan consolidation companies.In fact, one company was simply a student loan scam. If you want to pay for help, that’s fine too – there are companies that can help you.In order for So Fi to roll out the red carpet, they need to be certain that they will collect on the debt.As a result, qualifying for a So Fi loan isn't easy.Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea.As you weigh the pros and cons, keep in mind that timing is critical.You will lose your rights under the federal loan programs once you choose to consolidate with a private lender.Direct consolidation loans are now the only type of federal student consolidation loan.Personal loans can be a viable option in a variety of circumstances. But a personal loan can be used for just about anything. Similarly, with an auto loan, the car you buy is the collateral. You buy a home with a mortgage loan, you purchase a car with an auto loan and you pay for college with a student loan.