Grad school/undergrad loan consolidation question
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My wife graduated grad school this year with the following loan situation.
10k undergrad loans. ECFs submitted and approved, counts updated, pandemic pause counts included. Everything good except missing some payments that Mohela needs to count but I have the payment history from fed loan so we should be good. After all that should have a count of like 60 on those loans.
30k grad loans. Waived the deferment so getting credit for payment pause after graduation. Should have like 12 payment counts after this pause ends.
My question is does it make sense to consolidate these? They are all direct loans already but I’m reading conflicting info about if they are consolidated. Some places I see say if we consolidated into one 40k loan it’d be credited with 60 payments. Other places I see that’s not the case and it’d be prorated. If it’s going to be prorated anyway is there any benefit to consolidating?
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