Consolidation: Your Ticket to Summer Savings | 06.01.10
Whether you are a recent college graduate starting a new job or moving home with the parents (don’t worry – it’s only temporary), money is an issue regardless of your situation. This summer, if you’re planning a trip or just looking to pay for a new apartment for the fall, you are always looking to save a few bucks.
Enter student loan consolidation. Consolidating your federal student loans can save you a bundle. Let’s say you have $40,000 in federal loans. Your estimated current monthly payment is probably around $457. After consolidation, that payment drops to about $275, for a monthly savings of $182 per month! Would you like an extra $182 per month? I know I would.
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