# can you consolidate student loans 2x? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 24, 2009, 6:30am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011 "2009-03-24T06:30:39Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [March 24, 2009, 6:30am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/1 "2009-03-24T06:30:39Z")
I consolodated my student loans over to nelnet a few years back… but it appears my account has had some issues over there with a glitch that they cant seem to figure out… My payment went from 71 bux a month to 82… no big deal…, but i just looked at my 2008 payment history, and when it was 71 dollars, the payment was going some towarsd interest and some towards principal… NOW, it looks like according to their website that the whole 82.33 is going towards interest, and has for the last 6 months!.. They have so far been NO help as to why this is happening or how to fix it…, so i want to be able to tell them if they dont fix this i will take my loans somewhere else…, but i dont know if i can even do this as an FYI, i was never late or missed any payments… its all paid electronically through their website ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [March 24, 2009, 6:33am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/2 "2009-03-24T06:33:45Z")
this is a good question. from what I understand there are special benefits when you do the first consolidation that you won’t get the second time??? the best way to find out is to call another of these companies and ask what it takes to switch to them. report back. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 24, 2009, 6:47am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/3 "2009-03-24T06:47:37Z")
I believe it’s called “refinancing.” Just for your own piece of mind, look up your starting principle, interest rate, and term. Punch it into an online loan payment calculator, and figure out what your payment should have been. Unless you’re doing some kind of goofy ass graduated payment thing. ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [March 24, 2009, 6:56am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/4 "2009-03-24T06:56:46Z")
> [@Fry](#): > > I believe it’s called “refinancing.” > > Just for your own piece of mind, look up your starting principle, interest rate, and term. Punch it into an online loan payment calculator, and figure out what your payment should have been. Unless you’re doing some kind of goofy ass graduated payment thing. im pretty sure i am doing standard payments on this… so thats not it… even if i somehow was doing graduated payments, some still SHOULD be going towards pricipal i woudl think… ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 24, 2009, 7:02am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/5 "2009-03-24T07:02:33Z")
Yeah it should. I’m just saying calculate what your payment is supposed to be. It might help you understand what’s going on. Here: [http://www.finaid.org/calculators/loanpayments.phtml](http://www.finaid.org/calculators/loanpayments.phtml) If you hit the radio button for “print payment schedule” it will also show you exactly how much of each payment is going towards principle. Figure out what it’s supposed to be, then go from there. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [March 24, 2009, 7:04am UTC](https://forums.speedlife.net/t/can-you-consolidate-student-loans-2x/65011/6 "2009-03-24T07:04:19Z")
“can you consolidate student loans 2x?” Only if you are adding new loans to the consolidation. Otherwise you’re looking at refinancing.