The Only 4 Steps to Use in Consolidating Student Loans
Before consolidating your student loans, review your individual loans carefully. Simply having your monthly payment lower could cost you substantially more in the long run. One of the primary reasons for consolidating student loans is to save money by paying less interest and also to lower your monthly payment.
Students that have to rely on student loans to finance their college education can have as many as sixteen (16) individual student loans. And if that student has to borrow to finance graduate school as well, they will have a few more student loans to contend with.