Saturday, January 24, 2009

The Benefits of Student Loan Consolidation

Student loan consolidation can help you eliminate your college debt. Today, with more and more college students forced to take on loans to pay for college, more should consider loan consolidation upon graduation.


Student loan consolidation provides each graduate with the ability to combine numerous loans into a single loan with one easy payment. This is called loan consolidation and results in lower interest rates and longer repayment periods.

The interest rate for consolidated loans is usually lower than than many of the original loans and allows a more manageable repayment period. This can free up cash flow to focus on leasing that car or apartment after graduation.

There are many providers of loan consolidation and even the federal government can help. Speak with a financial adviser or even your school to see how you might benefit from loan consolidation.

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