Sunday, November 13, 2011

Should I consolidate Perkins and Stafford loans to make them both eligible for IBR?

I qualify for IBR, but half my loans are Perkins loans. Should I consolidate Perkins and Stafford loans? Because of the 5 percent set interest rate on Perkins, many seem to advise against consolidating these. But without consolidating, my monthly payments are very high. Any advice appreciated.

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