When are Student Consolidation Loans a Bad Idea ?

If you only have a few thousand dollars or a few more year until your student loans are paid off, consolidation of those loans is not a good idea switching to a new lender could result in loss of any benefits you may have earned such as one time payments or the lowering of interest rates over the term of the loan.If you consolidate it could make it difficult to have a Perkins Loan Forgiven. If you monthly repayments are something which is within budget then you nee to look into how consolidation will change the total amount of your student loan you expect to repay.