Sunday, 6 September 2009

Student Loan Consolidation and how it works

I came across all this valuable information when doing my research onlin.

What are the benefits of student loan consolidation?
lenders offer incentives for consolidating loans with them.
consolidation loan interest rates are fixed at the rounded weighted avg of your variable rate loans.
Better to lock in the low rate loans before they increase in July.

at the time of consolidation it's possible to choose new longer repayment plan which will reduce monthly payments and allow you to take advantage of low student loan interest rates.

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