Three Good Reasons To Consolidate Your Student Loans | 12.14.09

Posted in Consolidation By Student Loan Network Staff

Student DebtMany graduates waiver back and forth when deciding whether or not to consolidate their federal student loans. If you are one of those people here are three good reasons to consolidate.

1: Your monthly payments will be lower: Consolidating your loans extends your repayment term. Therefore, your monthly payments will be a lot lower than they were before. You can cut your monthly costs by as much as 50%.

2: Your life will be simpler: Instead of having to make payments every month to a bunch of different lenders you will only have to make one payment to one lending institution.

3: It is free: There are no credit checks, fees or application charges and you will not be penalized for early repayment.


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3 Responses to “Three Good Reasons To Consolidate Your Student Loans”

  1. Walt Ballenberger says on January 19, 2010 at 4:17 pm:

    To respond to m gibble- According to the book “How to Wipe Out Your Student Loans”, “almost any type of federal student loan can be consolidated in a Direct consolidation loan”. This includes Plus loans. You can’t consolidate federal and private loans, however.

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  2. m gibble says on December 26, 2009 at 11:19 am:

    Does anyone know if parent plus loans and studend loans can be consolidated?

    Reply To This Comment
  3. IZZAH says on December 16, 2009 at 3:51 am:

    THSI IS A GREAT SITE TO HELP PEOL

    Reply To This Comment

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