"mark" <Ih8SpamminScum[at]especiallyyours.net> wrote in message news:<AEZkc.17612$wY.12766[at]nwrdny03.gnilink.net> ...
- quote -

yes you can probably lower rates on both.
yes you could combine both. More than likely you'll be told the
subsidized loans will become an "unsubsizied status" which means you
could not request forbearence or delayed payment schedules anymore.
This status could have a huge effect IF you lose your job and do not
want late payments on loans.

In article <AEZkc.17612$wY.12766[at]nwrdny03.gnilink.net> , mark
<Ih8SpamminScum[at]especiallyyours.net> wrote:

- quote -

Not likely--they only allow one consolidation. But I'd still call
and make sure. There might be a chance that these consolidations
were done outside of the system and do not count.

8.25% is kind of high considering the market right now. If you
have a home, a home equity loan might be a better idea. Or, if
you have an expensive luxury car (anything over $7500 in my book),
consider selling it and buying a cheap car, and pay down the loan
with your profits from the car. You don't need a big car when you
are in debt big-time.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
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Before I make a call on Monday to check I thought I'd check here first:

I just looked at my student loan account and I have two loans, both
consolidated: one is a consolidated subsidized loan (I think that means a
consildation of all of my subsidized student loans) and I also have a
consolidated loan of my unsibsidized loan. These student loans were
consolidated at a terribly high rate - 8.25%. Is it possible to consildate
these two consildated loans together in order to get a reduced rate?