<p>I have both federal and private loans from undergrad, and found out that I probably qualify for more federal loans than I need for grad school. I'm considering getting the max federal loans and using the 'extra' to pay off my private loan. Has anyone here done this? If so, how did it work out for you?</p>
<p>Some loan documents will say you cannot do that. But nobody care if you do it. To check if the terms (e.g. interest rate etc) are better on federal loans. ;)</p>