Student loan consolidation is a great way to reduce your debt burden after graduating college or grad school. When I completed my degree, I had a number of loans and quite a bit of debt. After learning about loan consolidation, I made a change.
By consolidating your student loans, either through large consolidators like Nelnet, Sallie Mae, or the U.S. Government, you can expect lower payments (most often) and a simple way to repay your loans.
One of the most difficult issues with loan repayment that I faces was simply remembering when to pay each loan. The benefit of loan consolidation is that I was able to reduce multiple lenders into a single lender requiring only one payment each month. This not only reduced my cost of repayment but simplified the process.
If you're looking to keep things simple and pay off debt, then I recommend student loan consolidation. Anything that saves you money is worth taking a closer look at.
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