|
| Posted By |
Message |
|
|
Student loan question
Odd question, can I take out a student loan consolidation for only half a loan? Like say if the loan is $60k and I want to take a loan to pay off half for $30k is that possible?
|
Posted 11/17/18 6:32 PM |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource |
MrsG823
Just call me Mommy.

Member since 1/11 5570 total posts
Name: S
|
Student loan question
No. A loan consolidation allows you to combine multiple student loans under one loan with a single lender. You do not actually get the money- you just “shift the debt” from one loan to another.
Message edited 11/18/2018 10:45:24 AM.
|
Posted 11/18/18 10:45 AM |
| |
|
alli3131
Peanut is here!!!!!!

Member since 5/09 18388 total posts
Name: Allison
|
Student loan question
You could take a personal loan out if it had a lower rate than the student loan and pay off a portion of the student loan.
I consolidated 2 years of my law school loans into one while I was still in school.
|
Posted 11/18/18 12:39 PM |
| |
|
Potentially Related Topics:
Currently 1105526 users on the LIFamilies.com Chat
|