Student Loan Consolidation

If you’ve been in school for a couple of years or have recently graduated, you have likely begun receiving information on student loan consolidation.  Most students who are about to graduate to have just graduated are seriously thinking about student loan consolidation and how they can get the best deal.  For most, the only financial decision of greater import in their lives will be the purchase of a home.  Students loans, on average, total $20,000-$40,000 per student with many higher-level graduates’ loans being even higher. . . . [Read More]

When students finish school, after having financed their education through federally-backed student loans, they are often faced with 5, 6, even 10 or more payments per month: one for each loan taken.  This is unwieldy from a bookkeeping and personal finance perspective, but there’s more to it than that too. . . . [Read More]

Nearly every graduate out there faces the same dilemma: you’ve just graduated and you’re looking for or just starting a new job.  Looming ahead are student loan repayments you’re going to have to start paying in just a few months.  At that point, you’ll probably be looking at student loan consolidation and are facing the prospect of hundreds of dollars a month in loan payments.  Not fun, but don’t panic because there are some ways to pay down or even eliminate student loan debt without money! . . . [Read More]

There are some big differences between the way that private and federally-backed student loans are handled.  Student loan consolidation can be done with either private loans or through federally-guaranteed student loan consolidation rules.  Often, the difference in the rule requirements are what decide the lowest student loan consolidation rate. . . . [Read More]

Although in general, most people who have just completed college and are beginning to pay off their student loan debt will benefit if they consolidate student loans, not everyone gets better student loan consolidation rates than they had on their original loans. . . . [Read More]