Advantages For and Against Federal Student Loan Consolidation
If consolidation of Federal student loans is the answer to a student borrower’s problems regarding loan repayments and other concerns, this is a puzzle that borrowers should have a deep thought, per Bruce Mesnekoff, the nationally recognized expert on ;student loan management and consolidation. If the student has several of these loans, including some state or private loans, these are not eligible for the loan consolidation, thus also to be included in the consideration, and only those that are federally guaranteed are eligible. Loan consolidation should also be done when the loan is still within the grace period for repayments. The consolidated loan can result to lower single interest rate, especially for several student loans with various interest rates that can get the student borrower really confused.
180 views • 2 slides