June 1, 2007
Top Ten Tips For Consolidating Your Student Loans
window.document.getElementById(’post-129′).parentNode.className += ‘ adhesive_post’;From saving money to improving your credit score, there are many benefits to consolidating student loans. Here are the top ten reasons why you should streamline these debts.
1. Lock in a low interest rate.
By consolidating your Federal student loan consolidation before June 30th of this year, you can take advantage of the current low interest rate. As well, you will secure this interest rate for the life of the loan, so you won0t have to worry about a rate increase.
2. Peace of mind.
Have you had sleepless nights worrying about whether or not you can afford to pay your bills? By consolidating your student loans, you can save up to 60% on monthly payments.
3. Improve your credit score.
When you consolidate, the new lender will pay off your existing student loans. This process of loan payment, along with reducing the number of outstanding loans will improve your credit score. And, don0t worry if you don0t currently have stellar credit. Because your loans are guaranteed by the U.S. government, your credit score won0t be checked as part of the application process.
4. Streamline your payments.
Have you racked up multiple loans with varying amounts over the course of […]
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