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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?
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Posted 11/17/18 6:32 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
MrsG823
Just call me Mommy.
Member since 1/11 5570 total posts
Name:
S
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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.
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| Posted 11/18/18 10:45 AM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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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.
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| Posted 11/18/18 12:39 PM |
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