Re consolidating student loans
The notion to consolidate student loans has no doubt crossed your mind, but if you’re like most graduates, you may be unsure of where to start.
This guide will give you an overview of the ins and outs of consolidating student loans including the different types of loan consolidation, the benefits and disadvantages to the process, and step-by-step instructions on how to consolidate student loans painlessly. The Case for Student Loan Consolidation There are many reasons why Americans turn to student loan consolidation for the answer to their student loan burden.
With a forbearance, however, interest will accrue at the normal rate on your subsidized loans even though you’re not required to make payments during your forbearance period. It’s not uncommon for graduates to have five or more loans at a time! Thirty-eight million Americans have student loan debt, and many of them juggle more than one loan.And if you do qualify, but you’re at the high end of the spectrum, your slightly lowered payments may come at a through the refinancing process won’t make sense for every borrower, but it provides great benefits for some.Now that you know it’s an option and you understand how it works, you can better assess whether it’s right for you.
Read the other posts in the series here—and get all the info you need to make intelligent decisions about your student loans.