Consolidating Your Loans at UCI


The pros and cons of loan consolidation

If you’re like a lot of student borrowers, you could easily end up dealing with different federal student loans, and you may want to consider combining them into one loan. When you consolidate your federal student loans, the new loan will have a fixed interest rate. You will be able to make a single payment per month, and you may be able to lower your monthly payment. You also need to consider that in consolidating your loans you may be paying more in total interest, so is not always the best option.

Understanding when to consolidate your loans


There are many factors to consider when it comes to loan consolidation, including interest rates, your loan balance, and timing. Learn more below.