Consolidating student loans has never been a better idea thanks to the historically low interest rates that are available right now. Whether you have Federal student loans or Private student loans, there’s student loan consolidation plans available to fit your needs and save you money.
The large number of student loan choices out there can get pretty overwhelming and confusing considering what you have to choose from:
Plus, some students may have to seek out bad credit student loans due to past credit problems, as well as the many who may need to refinance their student loans or find a new lender that can handle defaulted student loans. As you can see, there’s loads of information that needs to be sifted through before you can even think about obtaining a student loan or consider consolidating student loans.
So why should you consider consolidating your student loans? Well for starters, it’s much easier to make one payment each month toward your student loan debt instead of making a payment for each loan that you’ve accrued over 4+ years of college. Another good reason to consolidate is that many lenders will offer discounts, typically 0.25%-0.50% interest rate reductions, for using their services – sometimes even greater discounts! 0.25% may not seem like a big discount, but over the life of a loan, it can add up to hundreds or even thousands of dollars in savings.
Here at Consolidating Student Loans Online (CSLO), you’ll find a wealth of information relating to student loans and consolidation that will help you pay off student loans quicker and at the lowest interest rates possible. Our database is updated frequently, so you can stay on top of the latest student loan news that effects you and wallet! Grab our RSS Feed to stay up-to-date with the latest happenings here at CSLO.