Best Consolidation Companies

See reviews of the best private student loan consolidation companies for 2015!

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6 Steps To Consolidate Student Loans

1. Determine your needs First, make sure student loan consolidation will benefit your specific situation. If you are doing well paying your current student loan bills on time or they are almost paid off, you’ll likely save more money keeping them as they are. Inspect your loan contracts to see if there are any pre-payment penalties which may offset any savings you might gain from reconsolidation. Contemplate whether the convenience of an extended payment term is worth the cost compared to your current student loan payment plans. Also, take into consideration that if you are or will be in a public service occupation and are or will be eligible for federal student loan debt forgiveness after 20 years, you will reset your debt payment timer and have to start over from the beginning with the newly consolidated loan to become eligible again.   […]

By |February 12th, 2013|Consolidation|0 Comments

Student Loan Refinance Rate 2013

Consolidation of student loans can sometimes be a tough choice for some students to make. Although it does decrease the amount of payments down to one each month, the student will have a longer time of paying of all of his loans through one consolidation company. Another added benefit is that it eliminates the need to remember several interest rates of different lenders and only focus on one, which could end up being lower than some loans if they are at variable interest rates. So how does one find the best consolidation rate for their student loan? Here's some steps he can take to avoid getting crushed by high interest rates. […]

By |February 11th, 2013|Refinance|0 Comments