Student Loan Consolidation News

Student loan consolidation articles and updates to help students and their families understand how consolidation can help them with their monthly payments, and how to repay their student loans effectively.

What would you do with extra money every month?

 -  One of the major benefits of student loan consolidation is that in most cases, it can lower your monthly payments and make repaying your loans much more affordable. In some cases, you can see reductions of up to half your monthly payment (estimated on the consolidation of $100,000 in federal loans.) So, assuming you go out [...]

Consolidation and Parent PLUS loans

 -  The consolidation section of our Financial Aid forum is consistently littered with questions about how to consolidate certain types of loans. One useful, but tricky loan type is the Parent PLUS.

When should you NOT consolidate your student loans?

 -  Nine times out of ten, you should consolidate your student loans. But for that potential tenth time, you should consider other avenues. Here are three instances where you should NOT consolidate your student loans.

How much can you REALLY save by consolidating?

 -  How does an extra $1,100 per year sound? It can happen with consolidation. Here's how.

Consolidate or Separate? That is the question.

 -  Shakespeare aside, figuring out if student loan consolidation is right for you can be a tricky question. It largely depends on your income and loan interest rates, and isn’t always the right choice for every student. Currently, both federal and private loans can be consolidated by their separate types. The point of it all is kind [...]

Consolidating Graduate and Undergraduate Student Loans

 -  There is no doubt that the best time to consolidate your federal student loans is during you grace period. Consolidation makes jumping into the repayment process a lot easier because it leaves you with one interest rate, one lender, and one monthly payment.

Can I consolidate my federal and private student loans together?

 -  Almost all graduates with both federal student loans and private student loans would love to be able to consolidate all of their loans into one smaller monthly payment. Unfortunately, federal student loans and private student loans do not mix well and cannot be consolidated together.

Student loan consolidation can help you manage your debt and your stress

 -  Student loan consolidation can remove a lot of stress from your life. If you are feeling burdened by multiple student loan payments to multiple lenders every month it might be time for a change.

The Gift of Consolidation

 -  During the holiday season most people are reminded of how tight their monthly budget is and how quickly their paychecks disappears. If your student loan payments have left you with no money remaining to buy groceries, let alone Christmas presents, then this holiday season you should consider giving yourself the gift of student loan consolidation.

Three Good Reasons To Consolidate Your Student Loans

 -  Many 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.