What does it mean if my loans get consolidated?

GoodMama asked:


I’m in the William D. Ford program now to pay off my student loans. It’s for people with hardships. Today I got a paper saying that they will not withhold from my income tax return and another paper that said that my two loans have been consolidated. Does anybody know what this means? Thank you!

Be Sociable, Share!

• 

• Tweet

Tags: Ford Program, Student Loans, What This Means

This entry was posted on Monday, May 30th, 2011 at 3:04 am and is filed under Financial Aid. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “What does it mean if my loans get consolidated?”

1. Bluekittie Says:
   June 2nd, 2011 at 11:40 am

   They are not going to take any payment from your income tax refund, if any. You two loans have bee put together and is now 1 loan, hopefully reducing your interest rate.

Leave a Reply