Student Loan Consolidation
So, you have taken and spent your student loan and are out of school. Annoyingly there is a flow of bills of repayment coming that you
a. cannot be bothered with and/or
b. cannot repay or
c. don't mind paying but you hate their rates. This is where student debt consolidation comes in.
You can consolidate (combine) multiple federal student loans with various repayment schedules into one loan. This can make your life a bit easier and also reduce the amount of repayment.
It is important to consider that generally, the longer you take to repay a student loan the more expensive long term the borrowing will cost. And that is why you have to really look through the figures and check out those rates. Don't be blinded by what seems like a good deal.
Before you jump into student loan consolidation how about considering these questions:Can you keep up with the monthly bills of your student loan? If it is really too much then you may be better off going into student debt consolidation to avoid late charges and other penalties. This is especially true if bills are from multiple student loans.
Would one student loan bill make things easier for you?Some people find one bill easier to manage rather than receiving lots and not knowing what to do with them. Also, if you do ever need to defer for whatever reason you can just speak to one person rather than four for example.
Share your thoughts on student loan consolidation below!
Comments to date: 7. This is page 1 of 1.
Posted at 9:30pm on Thursday, September 13th, 2012
Posted at 12:06am on Thursday, September 13th, 2012
Posted at 10:42am on Wednesday, September 12th, 2012
Debt consolidation prmorags will not help with payday loans. They won't budge on the payments or interest rates.See if you can get a credit card with 0% interest on balance transfers and pay them off that way.If that doesn't work, doesn't look at your credit and you pay them once a month, not every payday.
JENNIFER JOHNSON michigan
Posted at 1:05am on Sunday, September 11th, 2011
I am going to have a credit card when my credit score is good can I get a good student private loan?
Posted at 1:11pm on Monday, July 11th, 2011
Posted at 5:07pm on Saturday, July 9th, 2011
Posted at 10:34am on Saturday, July 9th, 2011
Gosh, I wish I would have had that infrmoation earlier!
What's your name?
Where are you?
Security check *