consolidation of student loans

The lenders have incorrect information leading them to think you have
already finished college. That commonly happens when a student drops out
for awhile, transfers, or is still in college more than 4 years after
taking out the first loan.

As for your credit record, a bunch of loans identified as student loans,
or just one large one from consolidation, should make no difference on
your credit reports unless you are in default.

--
Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761


Kandice wrote:
> I have been receiving consolidation advertisments, but when I called
> the number thay said I or any other current student do not qualify.
> Why are they sending these out then? Why is it that we can not
> consolidate these loans till we graduate. It looks terrible on our
> credit reports havings so many loans open.