Hello and welcome to my website and blog where I share helpful and useful information about various aspects of student loans; especially consolidation of graduate student loans.
What I publish here is based on my personal research and study.
It also takes your loans out of default, stops all future wage garnishment and tax intercepts, and even helps your credit history.
Finally, if you make 6 monthly payments in a row, you can get new student loans if you go back to school.
It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.
When you consolidate student loans – either federal or private – it’s one payment to one lender, once-a-month. Loan consolidation for student loans was created to make it easier for millions of borrowers to pay off their debt.
The primary purpose of this site is to inform, educate and help Internet users at large who are interested in finding information about student loan consolidation in general and graduate student loan consolidation in particular.
While there do exist some situations in which it would not be beneficial to consolidate student loans, in many other cases, it would be highly beneficial – and a prudent move – to do so.
The advantage of consolidation is that it replaces all of your old loans with one new loan for making payments.I have tried my best to guide you with this and if your situation is one where consolidation would be a beneficial option, I can only urge you to go for it at your earliest.Consolidating your student loans Let’s take a look at a few of the pros and cons of consolidating your student loans.By consolidating your student loans, you are basically combining them all into a brand new, single student loan.Which means that instead of having to keep track of multiple student loan payments every month, you will be able to focus only on a single loan payment, which can ultimately reduce part of your financial stress, as well as make it easier for you to make your payments on time.