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Is it ok to treat federal student loans as one loan with an average interest rate or should they be considered as individual loans with different rates?
Is it ok to treat federal student loans as one loan with an average interest rate or should they be considered as individual loans with different rates? My wife and I have 27 federal student loans to pay off with a wide range of interest rates. I am wondering if it is a good idea to treat these loans as if they were consolidated for the purposes of financial planning. The optimal strategy is clearly to pay everything above 5% interest off quickly, but I'm hoping that by treating them as consolid...
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