I'm really ignorant when it comes to my loans, but I figured y'all might be able to help me with this question...
My med school debt is large, and is mostly direct loans. I also have a much smaller amount that came in the form of a Perkins loan.
I am planning on signing up for REPAYE.
I am signing up to have my direct loans consolidated at the end of the 9 month grace period. My question is should I consolidate the Perkins loans then as well? I know there is no interest on them accruing now, and then there will be 5% at the end of the grace period. I vaguely remember being told there were multiple benefits to not consolidating them, but I don't remember what they were and if they apply to someone choosing REPAYE.
Thank you
My med school debt is large, and is mostly direct loans. I also have a much smaller amount that came in the form of a Perkins loan.
I am planning on signing up for REPAYE.
I am signing up to have my direct loans consolidated at the end of the 9 month grace period. My question is should I consolidate the Perkins loans then as well? I know there is no interest on them accruing now, and then there will be 5% at the end of the grace period. I vaguely remember being told there were multiple benefits to not consolidating them, but I don't remember what they were and if they apply to someone choosing REPAYE.
Thank you

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