Is it a bad idea to use federal student loans to pay off some private student loans?
I am in my last semester of undergrad. I have access to federal student loans, which I will not need to cover expenses for this semester.
I was thinking about using the federal loans to pay off some private student loans. The federal terms are better, and the private loans have high variable interest rates.
Would this be a good idea?
Please sign in to leave a comment.