Whether you have a private student loan or a government student loan, you can still take advantage of student loan consolidation, like I did.
When I graduated college, interest rates on student loans were at their lowest in years, so I knew I had to get the paperwork started for a student loan consolidation. I knew that consolidating before my six month deferral period was over would require payments to start immediately, but it was well worth it.
By processing my consolidation when I did, I locked in interest rates under 3% on $20,000 worth of student loans. That greatly reduced my payment amount and the time frame necessary to become free of student loan debt.
If you’re graduating mid-term, now is the time to start considering student loan consolidation and educate yourself on the benefits of consolidating
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