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Suppose you have two student loans: $15,000 with an APR of 8% for 15 years $10,000 with an APR of 9.5% for 20 years What

Suppose you have two student loans: $15,000 with an APR of 8% for 15 years $10,000 with an APR of 9.5% for 20 years

What will be your monthly payment if you consolidate? How does that payment compare with what you are paying on the two loans individually?

Does this result make sense to you? Why or why not? What will your total payments be over the life of the loan?

How much of that is interest? What are the pros and cons of doing this consolidation?

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