Medical School Loan Consolidation

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http://www.flixya.com/user/schoolcons...Best School Loan Consolidation Options1. Federal loan consolidation 2. Private loan consolidation Federal loan versus Private - The Difference:Federal loan consolidation is a tool to refinance federal education loan only while Private loan consolidation is a way to refinance private education loan only. The main difference is that a federal loan consolidation comes with a fixed interest rate while private loan consolidation comes with a market rate that may be fixed or variable.If you consolidate both federal and private loans, you should make sure to keep them separate, i.e. refinancing a federal loan with a private loan will most likely result in a much higher interest charge, if compared to the amount you would pay by keeping them separately.Our Advice: Research thoroughly about all consolidation options first and only then choose to consolidate your school loans.

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