November 12, 2006

!Student Loan Consolidation!
You may end up taking out numerous student loans over the course of your college career, After graduation, consolidating your loans can help ease the burden of repayment. By combining all your eligible student loans into a single loan with a single lender, you'll have just one monthly loan payment. And, you'll find it easier to manage your debt. Both parents and students are eligible to consolidate student loans. When you consolidate your eligible student loans, including Federal Direct Student Loans, at a lower rate with an extended payment term, you may be able to reduce your monthly student loan payments by almost half. Lowering your monthly payments to fit your budget may help avoid late payments and free up money to pay for other monthly expenses. If you are buying a home, your monthly expenses are carefully considered when applying for a mortgage. Having a lower payment after you consolidate your loans can make a considerable difference.
Loans Eligible for Consolidation
Subsidized Federal Stafford Loan
Unsubsidized Federal Stafford Loan
Parent Federal PLUS Loan
Graduate Federal PLUS Loan
All Federal Direct Student Loan

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