Consolidate student loans, should you do this? Most graduates do this in order to lock in with a much lower interest rate. This will be more convenient as there will be a single monthly payment and because of the lower interest rate, there's more cash left over, but do some research first.
First of all, let's see if you should really consolidate student loans. Remember that not all college loans are created equal and not all may suit the consolidation route. Let us consider the different consolidation options and what you have now. This will allow us to see which one may be the best route to go.
So now that you know what you may have now and you may lose and still have to pay this for a longer period of time, go ahead so as long as you can live with this. In my case, I will choose shorter repayment plan even it means there will be no cash flow. It will not feel much different because the amount will be the same as before so you won't miss it and at the same time you will only have a single monthly payment. Here are more tips:
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Consolidate Student Loans Bad Debt
Debt Into Wealth
Copyright July 9, 2009 Roger Guzman, M.D. (Consolidate Student Loans, But Do Some Research First) All Rights Reserved. You may copy and publish this article as long as the text, the author's name, the active links and this notice remain the same.
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