shorty07 asked:


can someone please explain what student loan consolidation means and how it can benefit me?

i went to schoolsoup.com and i was looking at their loan options, like Federal Stafford loans and loan consolidation. i don’t really know the difference between them.

i already have both subsidized and unsubsidized loans as a part of my financial aid. i’m still short about $850, and my family doesn’t have that kind of money right now. school starts in 10 days, and i’m considering taking out a consolidated loan, but i don’t really know how they work or what good they will do for me. help, please?

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