The act of consolidating student loans is usually a decision made by a former student who is either looking to save money from an overall lower interest rate, or to provide convenience by turning multiple monthly payments into a single and lower monthly payment than they would otherwise pay. […]
A lot of students who are gradating from college are then left holding a huge amount of student loans. Regardless of whether you have a PLUS loan, a Stafford Loan, a Federal Perkins loan, or private student loan, there are a wide variety of student loan consolidation services which are available to help consolidate all student loans into one single debt. By consolidating your student loans, this can result in a much lower interest rate, and in some cases this can also dramatically reduced monthly loan payments and help people pay off their debts much quicker. The good news is, many of the consolidation services will offer a fixed interest rates for the life of the loan, which allows you to lock that interest rate for as many years as it takes to pay off your student loans and you do not have to worry about the interest rates skyrocketing on you. […]
Shortly after you achieve your life long goal of graduating with your college degree you realize you are going to have to start paying off your student loans. Life after graduation is great, except for one thing – the student loans! With all of the new changes and expenses which may come your way after graduation, worrying about how to pay off your student loans can seem overwhelming and like an impossible task. The good news is, you can consolidate your student loans and lower your monthly student loan payment as much as 60 percent! […]